Suria Group holds steady with resilient 2024 performance

LocalBusiness & Finance
25 Jun 2025 • 11:48 PM MYT
Daily Express
Daily Express

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By: Hayati Dzulkifli

KOTA KINABALU: Suria Capital Holdings Berhad, majority-owned by the Sabah Government, has reported a steady financial performance for the year ending Dec 31, 2024.

At its 42nd Annual General Meeting held at Wisma Sabah Ports on Wednesday, the Group shared highlights of a year marked by strategic partnerships and property progress.

Group Managing Director Datuk Ng Kiat Min (pic) said 2024 was a turning point, particularly with its landmark collaboration with global port operator DP World at Sapangar Bay Container Port.

window.googletag = window.googletag || {cmd: []};googletag.cmd.push(function() {googletag.defineSlot('/22826383987/dailyexpress_inline', [1, 1], 'gpt-passback').addService(googletag.pubads());googletag.enableServices();googletag.display('gpt-passback');});Despite a slight 2.6 per cent dip in revenue to RM271 million, the Group saw gross profit rise by 3.3 per cent to RM80.4 million and pre-tax profit climb by 3.6 per cent to RM50.5 million.

Post-tax profit slipped by 1.3 per cent to RM33.9 million, but the Group maintains its long-term focus on sustainable growth and creating lasting value.