Executive director Steven Kuah Choon Ching said although the contribution from the segment is small currently, it is a potential growth driver, apart from the construction business, going forward.
It hopes to return to the black in the financial year ending March 31, 2022 after incurring a net loss of RM47.45mil in FY21. “By the time these serviced apartments are completed in 2024, the tourism industry would have returned to the pre-pandemic era, and Genting Highlands is a major destination that attracts large numbers of local and foreign tourists all year round.”
“The progress has been positive thus far and we expect these developments to come into fruition within the next few years.” Sung Master is mainly involved in the sales and trading of building materials, which include timber flooring, tiles, bulk cement, concrete, locksets and sanitary ware. Its clients consist of property and construction players as well as engineering consultants.