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.
Date:
Suria Capital Holdings Berhad
1st and 2nd Floor,
Menara Jubili,
53, Jalan Gaya
88000 Kota Kinabalu,
Sabah, Malaysia.
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SBCP was recognized for the numerous green initiatives taken such as the installation of electrical Rubber Tyred Gantry Cranes, usage of LED lighting and implementation of the
Autostore Terminal Operating System which minimizes paper consumption. The APSN council further noted SBCP’s active engagement in ecological conservation through projects such as seagrass transplanting, mangrove restoration and rehabilitation projects across the port locality.
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