SkyWorld Posts Cumulative Nine Months Revenue Of Rm530.3 Million

SkyWorld Development Berhad today announced its unaudited third quarter results for its financial year ending 31 March 2024, for the quarter under review, the developer achieved a revenue of RM171.2 million, increased by RM22.8 million or 15.4% as compared to revenue recorded in preceding quarter. The increased revenue it said was mainly attributable to higher progressive revenue recognised from on-going developments. In addition, the revenue was also bolstered by recognition from the newly launched development during the quarter, Vesta Residences.

The profit before tax and profit after tax attributable to owners of the Company (“PATAMI”) were RM34.0 million and RM25.1 million respectively, increased by RM6.4 million or 23.3% and RM6.0 million or 31.4% respectively as compared to preceding quarter. There are no comparative figures for preceding corresponding quarter and period are presented as the Company was only listed on the Main Market of Bursa Malaysia Securities Berhad on 10 July 2023.

For the cumulative nine months (“9MFYE2024”), SkyWorld posted a PBT of RM120.7 million and PATAMI of RM86.2 million, on the back of a revenue of RM530.3 million.

SkyWorld founder and non-independent executive chairman Datuk Seri Ng Thien Phing said, “As we reflect on our Q3FYE2024 performance, I am pleased to announce that SkyWorld has continued to demonstrate resilience and adaptability despite the challenging and uncertainties in both local and global economic outlook. The unbilled sales of RM725.2 million as of 31 December 2023 will spill over the next 3 years and continue to contribute positively to our financial performance.”

On 22 November 2023, SkyWorld declared the first interim dividend of 1.25 sen per ordinary share in respect of the financial year ending 31 March 2024, amounting to RM12.5 million, which was paid on 15 January 2024

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