PETALING JAYA: Sunway Bhd
began its financial year of 2020 (FY20) with a 42.6% year-on-year (y-o-y) drop in net profit in the first quarter.
It said in a stock exchange filing yesterday that it recorded a net profit of RM78.29mil as compared to RM136.41mil in the same quarter a year earlier.
The drop in profitability was a result of the lower contributions from most of Sunway’s business segments except property development and quarry.
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