Sunsuria continues to grow from strength to strength
KUCHING: Sunsuria Bhd (Sunsuria) will continue to grow from strength to strengh with the launch of several projects totalling an estimated gross development value (GDV) of RM1.55 billion.
The Klang Valley-based property developer aims to achieve better financial performance for financial year 2017 (FY17) ending September 2017.
Sunsuria’s executive chairman Datuk Ter Leong Yap believed the company will continue to strive for greater growth backed by the several launches and developments in the next few years.
“Sunsuria has taken ambitious and several major projects to pave the way for future.
“We will be expecting positive change not only from the current projects, but also the project expansion in the first township Sunsuria City by 2017 which includes The Olive condominium (the first residential development of Sunsuria City), Bell Suites (a serviced apartments facing the main entrance of the majestic Xiamen University Malaysia (XMUM), and upcoming landed residential development called Monet Residences.
“Apart from the township projects, Sunsuria will also be focusing on its second phase expansion of The Forum mix commercial development at Setia Alam.
“All in all, these exciting projects in the pipeline will aim to contribute a total estimated target launch GDV of RM1.55 billion by 2017 financial year,” he envisaged.
Sunsuria has recently embarked on a 525-acre flagship development located at Salak Tinggi, Putrajaya South with the name of ‘Sunsuria City’.
The development is designed with the guiding principles of smart, livable and sustainable.
The project is a free freehold integrated township that will become the new international landmark with XMUM, the first overseas campus of Chinese university, and international premium shopping outlet (Kuala Lumpur International Outlet) within its vicinity.
Ter noted that Sunsuria has been growing from strength to strength, embracing new challenges as the property developer expands its expertise.
Being a community- focused company, Sunsuria places reliability at the core of its operations and will continue to ensure better value creation for its stakeholders, focusing especially on its customers.
Meanwhile, Sunsuria told Bursa Malaysia recently that the group achieved an outsanding financial performance for FY16 ended September 2016.
The property developer said FY16 net profit soared by 230 per cent year-on-year (y-o-y) to RM43.84 million from RM13.30 million.
At the same time, Sunsuria noted FY16 revenue jumped by 137 per cent y-o-y to RM202.40 million from RM85.56 million generated in FY15.
For the fourth quarter of financial year 2016 ( 4QFY16) ended September, Sunsuria said revenue shot up by 172 per cent y-o-y to RM87.72 million while net profit jumped by 430 per cent y-o-y to RM24.55 million.