Published: Thursday February 28, 2013 MYT 2:13:00 PM

SP Setia sales up 30% to RM1.2bil in Q1 ended Jan 31, 2013

By Ng Bei Shan

KUALA LUMPUR: SP Setia Bhd recorded a 30.33% increase in sales to reach RM1.216bil for its first quarter ended Jan 31, 2013 from a year ago.

It said on Thursday the RM1.21bil accounts for 22.11% of its FY13 sales target of RM5.5bil.

It also said the Battersea Power station project in the UK had achieved a 95% take-up rate.

SP Setia expected the growth momentum from its 51 acres of land in Bangsar, 3.1 acres along Jalan Ampang where the Britsh High Commission is located, and 194.5 acres in Templer Park.

It has also completed the acquisition of 1,010 acres in Berarang, Ulu Langat.

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