Cahya Mata Sarawak's net profit increased 4pc to RM203.41 million for FY21. [Newspaper] (2022)
Abstract
KUALA LUMPUR: Cahya Mata Sarawak Bhd (CMSB) posted a net profit of RM203.41 million for the financial year ended 31 December 2021 (FY21), an increase of four per cent compared to RM194.81 million registered in FY20.
The results recorded in FY21 were on the back of an improved revenue of seven per cent to RM813.80 million compared with RM762.79 million reported in FY20.
The improved performance was attributable to gains on the sale of shares in an associate amounting to RM28.52 million, gain on disposal of property of RM16.99 million, coupled with improvements in associates' and joint ventures' performances by RM142.90 million.
CMSB is implementing growth strategies across all business divisions as the economy rebounds following its gradual reopening despite challenges from global supply-chain constraints.
| Item Type: | Newspaper |
|---|---|
| Keywords: | Profit, Revenue Growth, Property development, Raw materials |
| Taxonomy: | By Subject > Business & Management > Economics By Subject > Business & Management > Finance |
| Local Content Hub: | Subjects > Business & Management |
| Depositing User: | Jamil Jawi |
| Date Deposited: | 06 Jul 2022 08:01 |
| Last Modified: | 06 Jul 2022 08:01 |
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