KUALA LUMPUR: S P Setia Bhd posted a net profit of RM32.61 million for the third quarter ended Sept 30, 2026 (Q3 FY2026), down from RM68.03 million a year earlier.
Revenue declined to RM672.55 million from RM872.25 million in the corresponding quarter last year, due to slower sales conversion in domestic projects and the absence of land sales.
The decline also reflected a higher revenue base in the corresponding quarter last year, when more projects were completed, the property developer said in a Bursa Malaysia filing on Wednesday.
For the nine months ended Sept 30, 2026, the group's net profit fell to RM161.79 million from RM234.85 million a year earlier, while revenue declined to RM2.32 billion from RM2.58 billion, mainly due to slower sales conversion in domestic projects and fewer land sale transactions.
