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Astaka 2Q earnings up by 13.6% to $3.1 mil

Samantha Chiew
Samantha Chiew2/12/2018 07:34 PM GMT+08  • 2 min read
Astaka 2Q earnings up by 13.6% to $3.1 mil
SINGAPORE (Feb 12): Asataka Holdings reported 2Q18 earnings rose by 13.6% to RM9.34 million ($3.13 million) compared to RM8.23 million in 2Q17.
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SINGAPORE (Feb 12): Asataka Holdings reported 2Q18 earnings rose by 13.6% to RM9.34 million ($3.13 million) compared to RM8.23 million in 2Q17.

Revenue increased by 66.1% to RM112.0 million from RM67.4 million a year ago, mainly attributable to revenue streams generated from the group’s additional projects such as Johor Bahru’s City Council, Majlis Bandaraya Johor Bahru (MBJB) and housing development in Pengerang (Bukit Pelali @ Pengerang).

Cost of sales also increased by 73.5% to RM93.9 million from RM54.1 million last year.

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