SP Setia shares remain unchanged despite jump in Q3 earnings
10 Nov 2017 / 11:53 H.
PETALING JAYA: SP Setia Bhd’s share price remained unchanged this morning despite announcing an 88.88% jump in its earnings for the third quarter ended Sept 30, 2017.
At 11.21am, its share price stood at RM3.30 with a total of 1.55 million shares traded. The stock closed unchanged at RM3.30 yesterday with a total of 538,100 shares traded.
Yesterday, the group reported an 88.88% increase in net profit to RM253.22 million from RM134.07 million a year ago due to contribution from Phase 1 of the Battersea Power Station project.
Revenue for the quarter fell 33.33% to RM842.49 million from RM1.26 billion a year ago.