S P Setia appoints Annuar Marzuki as new CFO

Newly appointed S P Setia Bhd chief financial officer Annuar Marzuki Abdul Aziz (Photo by Suhaimi Yusuf/The Edge)

Newly appointed S P Setia Bhd chief financial officer Annuar Marzuki Abdul Aziz (Photo by Suhaimi Yusuf/The Edge)

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KUALA LUMPUR (Dec 1): S P Setia Bhd on Thursday (Dec 1) announced the appointment of Annuar Marzuki Abdul Aziz as its new chief financial officer (CFO) effective Dec 1.

He replaced Datuk Yuslina Mohd Yunus, 55, who had held the post as acting CFO since May 9.

Prior to holding the CFO position at S P Setia, Annuar Marzuki, 52, was CFO and chief investment officer of KLCC Property Holdings Bhd.

He also had stints as UEM Group Bhd group CFO from September 2009 to August 2013 and PLUS Expressway Bhd CFO between June 2006 and August 2009.

S P Setia's net profit surged more than six times to RM70.18 million in the third quarter ended Sept 30, 2022 (3QFY2022) from RM11.01 million in 3QFY2021, underpinned by higher contribution from its property development business.

Group revenue grew 44.8% to RM860.94 million from RM594.55 million.

The property developer secured total sales of RM2.7 billion in the cumulative nine months ended Sept 30, 2022, mainly from local projects, which contributed RM2.34 billion or about 87% of total sales. The balance RM359 million came from international projects.

S P Setia's share price settled half a sen or 0.72% higher at 70 sen on Thursday, bringing the group a market capitalisation of RM2.83 billion.

Isabelle Francis