SPSetia ... Jan11

SP SETIA FYE OCT 2010 NET PROFIT ROSE 47% YOY AS 4QE OCT PROFIT BOOSTED BY SALE OF TESCO HYPERMARKET IN JOHORE

SP SETIA's Net Profit rose 47% to RM251.81m for FYE Oct 2010 from RM171.23m for FYE Oct 2009 due to property development activities carried out in the Klang Valley, Johor Bahru and Penang.

The Company said Dec 9, 2010 that Revenue rose 24% to RM1.745 bil from RM1.408 bil a year ago while EPS was 24.77 sen versus 16.84 sen. " .... The current year PAT was arrived at after expensing approximately RM17m for employee share options granted pursuant to the Company's ESOS which was launched in May 2009.

" .... Selling and marketing expenses include the cost of financial incentives of RM33m borne by the Group pursuant to its successful '5/95', 'Best for the Best and Invest Setiahomes' campaigns ...." said the Company.

REVENUE MAINLY FROM PROPERTY DEVELOPMENT IN KLANG VALLEY, JOHOR BARU & PENANG