SUNWAY Bhd reported an 11% increase in net profit to RM190.55 million for the first quarter ended March 31, 2025, up from RM172.22 million a year earlier.
Revenue jumped 67% to RM2.36 billion, driven by stronger contributions from most business segments except property development, which saw a slight decline to RM263.3 million due to lower progress billings.
Operating expenses rose 69% to RM2.19 billion.
The company noted that profits from a Singapore property project will only be recognized upon completion, resulting in RM12.2 million of unrecognized progressive profits this quarter.
Despite tariff and policy challenges, Sunway’s board remains confident in maintaining strong performance throughout the year. –TMR
The post Sunway’s Q1 net profit rises 11% to RM191m amid revenue surge appeared first on The Malaysian Reserve.
