PETALING JAYA: Puncak Niaga Holdings Bhd
remains cautiously optimistic about its business prospects.
In a filing with Bursa Malaysia, the group said it shall continue to seek opportunities to increase revenue in its core businesses, ensure timely completion of all projects, exercise prudence in business dealings and achieve operational efficiency for long-term sustainable growth.
For its fourth quarter ended Dec 31, 2023, Puncak Niaga reported a net profit of RM53.07mil, compared with a net loss of RM7.07mil in the previous corresponding period, mainly due to higher other income attributable from fair value gain on investment properties and discontinuing of legal suits.
Revenue in the fourth quarter slipped to RM57.92mil from RM58.47mil in the previous corresponding period, mainly due to lower revenue contribution from its construction and plantation segments.
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