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S P Setia back in the black following absence of impairment from Battersea JV

KUALA LUMPUR (Feb 25): Property Developer S P Setia Bhd was back in the black for its fourth quarter ended Dec 31, 2020 (4QFY20) with a net profit of RM55.49 million, from a net loss of RM263.43 million in the immediate preceding quarter. In a bourse filing, the group announced that the return to profitability in its latest financial quarter was on account of the absence of an impairment loss of RM336.3 million from its 40%-owned British joint venture (JV) Battersea Project Holdings Co Ltd. It ...
United Kingdom Kuala Lumpur Sp Setia Bhd Movement Control Order Team Setia Jv Battersea Project Holdings Co Ltd

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TEPEA recognises the industry's best | The Edge Markets

PETALING JAYA (Dec 14): S P Setia Bhd clinched the top spot in The Edge Malaysia Top Property Developers Awards (TPDA) 2020, marking the fifth consecutive year the company won the spot. It dropped to third and fourth positions in 2014 and 2015 respectively, before regaining the title in 2016. S P Setia president and chief executive officer (CEO) Datuk Khor Chap Jen said the developer is elated to be awarded top honours for the 13th time. “This would be impossible if not for the strong teamwo...
City Of United Kingdom Malaysia General Setia Alam Gamuda Bhd Sp Setia Bhd

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