RSSB: 3QFY26 Net Profit Rises 3.8-fold Over Preceding Quarter On Continued Turnaround Initiatives

KUALA LUMPUR, May 28 (Bernama) -- Main Market-listed property developer and construction service provider, Rivertree STF Synergies Berhad (formerly known as Sinmah Capital Berhad) (“RSSB” or the “Group”), has announced its third quarter (“3QFY26”) and nine-month financial results for the period ended 31 March 2026 (“9MFY26”). Following the change in financial year end from 31 December 2024 to 30 June 2025, there are no comparative figures available for both 3QFY26 and 9MFY26.

RSSB’s 3QFY26 net profit jumped 3.8-fold to RM1.6 million from RM0.4 million in the preceding quarter (“2QFY26”). This was the fourth successive profitable quarter after having recorded annual losses since 2018. Revenue for the quarter came in at RM8.2 million, mainly attributed to progressive recognition from the Laman Lentera and Bukit Gambir projects, as well as sales of development land under the Property Development segment.