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Friday, March 23, 2012

SP Setia posts record-breaking first quarter

SHAH ALAM: SP Setia Bhd yesterday announced a record-breaking quarter with sales at RM933 million for its first quarter ended 31 January.

This was the group's highest ever sales in a single quarter and a 27 per cent increase from its first quarter FY2011 sales.

As at February 29 this year, SP Setia's sales for the first four months of the financial year totalled RM1.23 billion, another new record, and a 29 per cent increase from the corresponding period last year.

SP Setia president and chief executive officer Tan Sri Liew Kee Sin said the strong performance indicates that the group is well on target to achieve and deliver its FY2012 sales target of RM4 billion.

By Business Times

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