PETALING JAYA: MUI Properties Bhd
suffered a 76% year-on-year (y-o-y) drop in net profit in the fourth quarter ended June 30, due to lower net foreign exchange gain, lower other income and higher expenses.
The property developer said in a filing with the stock exchange yesterday that it recorded a net profit of RM2.14mil in the final quarter of financial year 2021 (FY21), as compared to RM8.81mil in the previous corresponding quarter.
Revenue, however, increased slightly by 4.7% y-o-y to RM19.43mil, amid the construction delays in June following the stricter movement control order.
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