PETALING JAYA: JKG Land Bhd
is expecting the country’s economic recovery to continue in 2022 and 2023, helped by progressive opening of economic sectors, although the property developer remains cautious about its business prospects due to global supply chain shocks, compounded by rising input costs.
“The overall optimistic outlook is hampered by the Ukraine-Russia conflict which hinders global growth and is creating supply shock to economic recovery,” said JKG Land in a filing with Bursa Malaysia.
Still, the group said it is well positioned to take on the challenges and participate in the recovery of the property sector, with an established track record for its projects.
For its fourth quarter ended January 31, 2022 (4Q’22) net profit jumped 58.5% to RM14.8mil while revenue was 45.6% higher year-on-year to RM89.7mil.
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