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Sunway Construction's Q2 Profit Rises 24%

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Sunway Construction Group (KLSE:SUNCON) second-quarter attributable profit rose 24% year-on-year to 103.6 million ringgit.

Revenue fell 31% annually to 1 billion ringgit, according to a Monday Malaysian bourse filing.

The higher profit was supported by improved profitability across its Construction and Precast segments, as well as a more favorable project mix.

Construction revenue fell to 941.6 million ringgit from 1.4 billion ringgit a year earlier, while Precast revenue increased 75% annually to 76.1 million ringgit.

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