[MAH SING GROUP BHD，国内市场和全球存在不确定性]
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For the first quarter ended 31 March 2018, the Group posted net profit of approximately RM64.2 million on the back of revenue of approximately RM584.8 million as compared to RM90.4 million net profit and RM723.5 million revenue in the same quarter last year.
For the period ended 31 March 2018, revenue from property development was approximately RM501 million compared with RM633 million a year ago while operating profit was approximately RM77 million versus RM115.5 million a year ago. This was partly due to slower progress of work during the festive season coupled with more projects focusing on affordable products and at their initial stages of construction. Despite global uncertainties and reservations in the domestic market prior to GE14, the Group secured RM470 million new property sales during the quarter.
Operating profit grew by 55.6% from approximately RM4.3 million to RM6.7 million despite of a decline in revenue of 2.9% from RM74.1 million to RM72.0 million pursuant to the sales of mould, the gain of which has been included in other income.
Investment holding & Others:
Revenue for the segment comprise mainly interest income from the deposit of funds and the trading of building materials.
The Group's current quarter profit before tax of approximately RM86.1 million was lower as compared to the immediate preceding quarter of approximately RM113.1 million.
The Group will continue to focus on affordable homes with good connectivity.
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