KUALA LUMPUR (Feb 25): Mah Sing Group Bhd's net profit increased by 4.19% to RM28.13 million in the fourth quarter ended Dec 31, 2020 (4QFY20) against RM27 million posted in 3QFY20, as it saw higher contributions from M Vertica and M Centura. However, the increased contributions from the two ongoing projects were partially offset by the impairment and write-offs of certain assets, as well as the fair value loss on investment property totalling RM25.1 million, according to the property developer's bourse filing. Quarterly revenue rose 21.78% to RM472.78 million from RM388.22 million in 3QFY20. On a year-on-year basis, however, the company's net profit fell 37.46% from RM45 million in 4QFY19, despite revenue growing 6.81% from RM442.64 million, as cost of sales rose 14.74% to RM369.85 million from RM322.32 million.