Ho Hup's 1Q profit triples as mall sale boosts its property development segment
Its property development segment's profit jumped more than three times to RM23.17 million from RM6.84 million previously, as it recognised proceeds from the sale of the Pavilion Bukit Jalil Mall and progressive sale of its Kota Kinabalu Crown development units. It also recognised progressive billings from Phase 2 Park Residence.