PETALING JAYA: S P Setia Bhd has initiated legal proceedings against its former senior management over alleged breaches of duties linked to the purchase of land parcels in Kota Kinabalu, Sabah, as well as the sale of units under the company’s Aeropod project.In a filing with Bursa Malaysia, the property developer said...
KUALA LUMPUR: S P Setia Bhd recorded total sales of RM5.1bil in the financial year ended Dec 31, 2023 (FY23), outperforming its target of RM4.2bil by 21%. The developer said the higher sales was driven by strong demand for the group’s offerings and land monetisation. Its local projects accounted for a significant...
KUALA LUMPUR: S P Setia Berhad released its financial results for the third quarter of 2023 today, showcasing excellent sales achievements and sustained growth. The Group’s net profit stands at RM51.8 million in the third quarter ended Sept 30, 2023. Its revenue grew 25% to RM1.08 billion from RM860.9 million QoQ. The Group secured total sales of RM3.89 billion for the nine months ended Sept 30,...
KUALA LUMPUR: S P Setia Bhd said it registered total sales of RM2.56bil in the first half of 2023 with local projects contributing RM2.19bil or 86% of the sales. In a statement, the group said the central region was the biggest contributor to the sales with RM1.49bil, while the southern and northern region contributed...