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Hua Yang’s Net Profit Up 25 Percent
By:
  • Hua Yang posted a nearly 25 percent jump in net profit to RM29.9 million for 1Q16 ended 30 June 2015 compared to 1Q15 due to steady conribution from ongoing projects.
  • Revenue for the quarter edged 4.5 percent to RM142.6 million compared to the corresponding quarter last year.
  • Hua Yang states that the earnings also came from other operations, mainly rental income sourced from commercial properties under the “build, operate and transfer” concession with local authorities.

Significance: The property developer remained confident that the property market will improve in the second-half of the year and that FY2016 ending 31 March 2016 should see satisfactory results.


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