SP Setia Bhd posted net profit of RM31.17 million in the first quarter ended Jan 31 (1QFY09), which was 35% lower than the RM48.52 million a year ago where there was an inclusion of RM26 million from land sale.
It said on March 19 that revenue fell 14.4% to RM259.92 million from RM303.65 million. Earnings per share was 3.07 sen compared with 4.81 sen.
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