S P SETIA Continues To Stamp Its Mark At The Edge Billion Ringgit Club & Corporate Awards 2018
KUALA LUMPUR: Celebrating Corporate Malaysia’s crème de la crème and top responsible organisations, The Edge Billion Ringgit Club (The Edge BRC) & Corporate Awards 2018 saw S P Setia stamped its mark in The Edge-BRC Highest Growth In Profit (over three years) category under the Property Sector – RM3 billion and above market capitalisation. On hand to proudly receive the award at the gala dinner last night was S P Setia’s President and CEO, Dato Khor Chap Jen.
Evaluated based on the company’s compound profit growth for a period of three years, S P Setia was one of the few who stood out from the rest of the developers which did not pose any losses throughout the period of evaluation due to good management strategies and consistently registering good take-up rates at their new property launches.
The Edge BRC recognises excellence in companies with a market capitalisation of above RM1 billion. Companies are added to the annual list automatically at the cut-off date (March 31) and are evaluated based on growth in profit, returns to shareholders and corporate responsibility (CR) commitments, among others.