Mah Sing Group Berhad is confident in achieving its 2023 minimum sales target of RM2.2 billion as the Group registered RM1.8 billion in property sales for the nine-month period ended 30 September 2023, an increase of 14.4% compared with RM1.57 billion in the same period last year.
In Q32023, the Group achieved revenue albeit it lower compared to Q32022 and profit before tax of RM644.3 million and RM76.1 million. For the nine-month period ended 30 September 2023, the Group recorded revenue and PBT of RM1.93 billion and RM226.8 million, marking a 17.3% and 15.6% improvement respectively as compared to RM1.65 billion and RM196.2 million a year ago.
Looking ahead, the Group will maintain discipline on execution for continued momentum in revenue and earnings delivery. Armed with a healthy financial profile, demand-driven property portfolio and operational efficiency, the Group should
continue to deliver above industry Return on Equity and future growth in performance.
