The group's revenue jumped to RM6.17 billion from RM4.22 billion, its bourse filing showed. Earnings per share improved to 3.78 sen per share, from 0.21 sen per share.

Sunway’s property development segment reported a 13.2% year-on-year (yoy) increase in profit before tax (PBT) to RM23.41 million, due to higher progressive profit recognition from its Singapore private condominium projects, which offset lower profit contribution from local development projects.

This resulted in lower earnings per share of 7.58 sen for FY22 compared with 8.35 sen for FY21.

In a bourse filing on Thursday, Mulpha said its indirect wholly-owned unit Pindari Capital Capri Retail Pty Ltd (PCCR) — in its capacity as trustee for Capri Retail Trust — has entered into a contract of sale with Capri On Via Roma Pty Ltd (in its capacity as trustee for Capri Enterprises Unit Trust) for the transaction.

In a Bursa Malaysia filing on Thursday (May 26), the group also announced its highest quarterly revenue ever after it increased by 11.88% to RM300.59 million from RM268.67 million a year earlier, underpinned by progress in construction work activities.

Speaking at the launch, Sunway Property chief brand and marketing officer Gerard Yuen said that the programme was developed and designed as part of Sunway Property's holistic plan to build Future Forward Cities that are sustainable for both the current and future generations.

This resulted in a higher earnings per share of 1.13 sen for 1QFY22 compared with 0.8 sen for 1QFY21, the company’s bourse filing on Thursday (May 26) showed. 

He said in a virtual briefing that the hike in construction cost is something that he has expected, and that it has no impact on the group's components this year.

Earnings per share rose to 2.68 sen from 1.57 sen last year, according to the construction firm’s bourse filing. Revenue grew 37.23% to RM624.66 million from RM455.2 million, on improved contributions from both its construction and precast businesses. No dividend was declared.

The improved revenue — an increase of 64.8% to RM416.45 million, from RM252.69 million previously — was also due to higher progress billings and construction progress from local developments, its bourse filing showed.