(Kuala Lumpur, 21st) Sunway City Industries $SIMEPROP (5288.MY)$ 's revenue and net profit for the first nine months of the 2024 fiscal year have both hit new highs, and the management is optimistic that the bullish trend can continue into the 2025 fiscal year.
Dato' Sri Azmi Ma'alek, Managing Director of Sunway City Industries, expressed during today's online performance briefing that the company currently has multiple projects waiting to be launched. Continuously diversifying industries by launching various projects such as industrial and residential projects to strengthen the business development.
Therefore, he is optimistic about the performance in the 2025 fiscal year and will continue to drive projects or acquire quality assets to increase recurring revenue.
Our goal is to transform from a company focused on industrial development to a comprehensive industrial company.
When asked about the slight decline in performance compared to the previous period, Azmi Mahathir said that the planned strategies are designed for the entire year, not just focusing on quarterly performance, hence there are no specific strategies per quarter.
He mentioned that currently there are indeed non-core assets ready for sale, including those away from the Klang Valley and Klang Valley area, but everything will still depend on market conditions and demand.
If the market conditions improve and the price is right, they will be sold. Everything is still subject to the team's exploration, but at this stage, there are no specific selling strategies.
Committed to solving the issue of water disasters.
On the other hand, due to over 10 residents in the Bukit Raja town of Klang frequently complaining about water disasters, Azmi Marikeni pointed out that as a responsible developer, they will discuss the issues with the relevant authorities, and this is also...

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