ACE Market-listed company, PUC Berhad on February 28 announced its financial results for the fourth quarter of 2018 (Q4FY2018) recording revenue of RM12.3 million for the period; and revenue of RM52.5 million for the full financial year ended December 31 2018 (FY2018).
This signalled a 21.9 per cent improvement in revenue for FY2018 as compared to last year (FY2017), which posted revenue of RM43 million for the financial year ended December 31 2017.
Sunway Bhd recorded a revenue of RM5,410.3 million and profit after tax and minority interest (“PATMI”) of RM659.0 million for the current 12-month period ended 31 December 2018 compared to revenue of RM5,239.3 million and PATMI of RM620.6 million for the corresponding period of the previous financial year.
The increase in revenue of 3.3% was due to higher contributions from most business segments, while PATMI was higher by 6.2% mainly due to higher contributions from the property investment segment and the Group’s treasury operations.
Hektar Real Estate Investment Trust (“Hektar REIT”) announced its annual results for Financial Year 2018 (“FY18”) with revenue rising to RM135.1 million, up 7.6% higher compared to the same period in the preceding year, while Net Property Income (NPI) climbed to RM78.7 million, a 6.8% increase.
For the 12 months ended 31 December 2018, the Realised Income was recorded at RM42.3million which was 5.3% higher than FY2017. Overall, the market valuation of the Hektar portfolio increased by RM26.9 million in 2018.