Sunway Berhad announced its fourth quarter financial results for the financial year ended 31 December 2022 reporting a record solid financial performance registering revenue of RM1,531.6 million compared to RM1,247.0 million in the corresponding quarter in the preceding year, representing an increase of 22.8%.
The increase in revenue was attributed to higher contributions from all business segments except construction and other segments. Profit before tax from continuing operations rose 15.3% to RM293.9 million in Q4 FY2022, from RM254.8 million in Q4 FY2021. The group said all segments achieved higher PBT except construction, trading and manufacturing and other segments.
As at end of the current quarter, the accumulated progressive profit related to these projects amounted to RM109.6 million, of which RM7.9 million recorded in the current quarter, was not recognised
The Group also declared a single-tier second interim dividend of 3.50 sen per ordinary share for the financial year ended 31 December. For the financial year ended 31 December 2022, the Group declared a total dividend of 5.50 sen per ordinary share of which 2.00 sen of total dividend was declared as the first interim dividend.
