kuala lumpur: NCT Alliance Berhad (NCT Alliance) posted a net profit of RM43.2 million for the entire financial year ended 31 December 2022. This is an increase of 28% from his RM33.7 million in the previous financial year. Revenue for the period also increased by 15% to 241.4 million ringgit from last year’s 209.9 million ringgit.
In the fourth quarter ended 31 December 2022, the Group posted a net profit of RM12.8 million on a revenue of RM66.9 million.
Datuk Sri Yap Gan Choi, Executive Chairman and Group Managing Director of NCT Alliance, said: The Malaysian real estate sector has seen growth after last year’s challenging economic environment. Our project, especially GIM’s strategic location in Genting Highlands, bodes well for the group as the number of users has increased as travel restrictions have eased. In addition, sales of completed inventory from the Vortex and Mahkota Kampar projects were also important growth drivers this year. ”
“As the country returns to pre-pandemic levels, coupled with our optimistic outlook for the Malaysian property market in 2023, we are confident that our focus on delivering superior products and value will help us maintain our positive momentum. Yes,” Yap added.
