Suria Capital Holdings Berhad and its Group of Companies (SuriaGroup) is pleased to announce that the Group had performed reasonably well with continued profitability in spite of the challenging business environment. The Group generated total revenue of RM332.7 million during 2017, higher by 29% or RM74.2 million when compared to RM258.5 million in 2016.
The Group’s gross profit, however declined by 6% to RM94.2 million in 2017 versus RM99.8 million in 2016, in view of the higher operating expenditures during the year. Profit after taxation correspondingly dropped by 27% to RM48.9 million as against RM66.7 million in 2016 mainly due to impairment losses in concession assets.
Looking at the current momentum, the Group remain positive on the business growth potentials in the following years with both the port operations and property segments to continue spearheading the Group’s performance.