S P Setia Berhad, an investment holding company, engages in the property development, construction, infrastructure, and wood-based manufacturing and trading businesses. It operates through Property Development, Construction, and Others segments. The company’s property portfolio includes townships, eco homes, luxury homes, high rise residences, retail and commercial properties, and boutique and integrated developments. It also offers industrialized building systems, prefabricated timber roof trusses, solid decorative and fire-rated doors, windows, and moldings. In addition, it engages in the project and building management activities; club and building contracting operations; prefabrication, ...
No. 12, Persiaran Setia Dagang
Shah Alam, 40170
Founded in 1974
S P Setia Berhad Announces Change in Financial Year End from October 31, 2015 to December 31, 2015
Jun 15 15
S P Setia Berhad announced the next audited financial statements of the company shall be for a period of 14 months, made up from November 1, 2014 to December 31, 2015 and thereafter December 31, for each subsequent year.
S P Setia Berhad Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended April 30, 2015; Revises Revenue Guidance for Fiscal Year 2015
Jun 15 15
S P Setia Berhad announced unaudited consolidated earnings results for the second quarter and six months ended April 30, 2015. For the quarter, the company reported revenue of MYR 1,630,259,000 against MYR 952,352,000 a year ago. Other operating income was MYR 35,015,000 against MYR 27,422,000 a year ago. Profit before taxation was MYR 344,730,000 against MYR 165,372,000 a year ago. Profit attributable to owners of the company was MYR 227,201,000 or 8.86 sen diluted per share against MYR 74,271,000 or 3.00 sen diluted per share a year ago. The group achieved 66% higher revenue and 109% higher PBT, on the back of increased revenue and profit recognition from the development of its strong sales pipeline achieved to date and the timely staged handovers of its Australian project (Fulton Lane), which has been accounted for based on the completion method. Revenue and PBT from other operations was increased by 185% and 56% due to higher volume of trade during the current quarter.
For the six months, the company reported revenue of MYR 2,556,269,000 against MYR 1,673,911,000 a year ago. Other operating income was MYR 65,409,000 against MYR 90,035,000 a year ago. Profit before taxation was MYR 498,818,000 against MYR 312,536,000 a year ago. Profit attributable to owners of the company was MYR 328,513,000 or 12.82 sen diluted per share against MYR 171,047,000 or 6.91 sen diluted per share a year ago. Net cash generated from operating activities was MYR 226,581,000 against MYR 192,121,000 a year ago. Additions to land held for future development were MYR 177,202,000 against MYR 152,911,000 a year ago. Purchase of property, plant and equipment was MYR 8,372,000 against MYR 8,621,000 a year ago. Additions to investment properties was MYR 39,507,000 against MYR 76,004,000 a year ago. Additions to concession assets was MYR 34,744,000 against MYR 27,407,000 a year ago.
Therefore, the group's sales target for fiscal year 2015 has been revised from MYR 4.6 billion to MYR 4.0 billion.