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- As at end-September, the group reported unbilled sales of RM592 million.
KUALA LUMPUR (Dec 10): Trading in the securities of property developer SkyWorld Development Bhd (KL:SKYWLD) will be suspended on Tuesday (Dec 10) pending the release of an announcement on a material transaction.
In a filing with Bursa Malaysia on Monday, SkyWorld said the stock exchange had approved its request for a trading suspension from 9am to 5pm, pursuant to Paragraph 3.1(b) of Practice Note 2 of the listing requirements.
For the second quarter ended Sept 30, 2024 (2QFY2025), SkyWorld posted a net profit of RM14.53 million, down from RM19.11 million in 2QFY2024.
Revenue also fell to RM124.33 million from RM148.33 million due to the completion of two projects — SkyAwani IV Residences and SkyAwani V Residences — which had collectively contributed RM49.3 million to 2QFY2024 revenue.
For the first half of FY2025, net profit dropped to RM24.52 million from RM61.1 million in the corresponding period of FY2024, as cumulative revenue declined to RM223.14 million from RM359.16 million.
As at end-September, the group reported unbilled sales of RM592 million.
SkyWorld’s shares rose 5.93% or 3.5 sen to close at 62.5 sen on Monday, giving the group a market capitalisation of RM625 million. The stock has gained more than 15% year-to-date.
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