Teladan posts best quarterly profit since listing

TheStar Wed, Nov 17, 2021 07:30am - 2 years View Original


Teladan Setia managing director Richard Teo Lay Ban said the outlook for the property market in Melaka is expected to be positive.

PETALING JAYA: Teladan Setia Group Bhd posted a net profit of RM8.71mil on a revenue of RM46.41mil for the third quarter ended Sept 30, 2021 (Q3’21).

The group noted that this was the highest quarterly net profit recorded by it since its listing on the ACE Market in March 2021.

Year-to-date, the Melaka-based property developer’s net profit stood at RM23.47mil on a revenue of RM128.31mil.

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