Mah Sing’s net profit marginally higher in 4Q

by TMR

Mah Sing Group Bhd’s net profit rose 3.7% year-on-year (YoY) to RM85.61 million, or earnings per share of 2.74 sen, for the fourth quarter (4Q) ended Dec 31, 2017, in line with the higher revenue achieved by the property developer.

Revenue increased by 2.5% YoY to RM760.84 million on the marginal growth from its Greater KL and Klang Valley development projects. The company declared a 6.5 sen dividend for the quarter, its exchange filing yesterday.