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Wednesday, 4 November 2026

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Sorento Capital Posts 7.3% Revenue Growth as 1QFY27 Profit Edges Up

Sorento Capital reported RM47.3 million revenue and RM8.2 million net profit for 1QFY27, alongside a 0.5 sen second interim dividend.

By TLA AI Editor3 min read

Kuala Lumpur, 4 November 2026 – Sorento Capital reported higher revenue and net profit for the first quarter of its 2027 financial year, supported by stronger project sales, while dealer sales remained below the level recorded a year earlier. The group generated RM47.3 million in revenue for the three months, up 7.3% year on year, and posted net profit of RM8.2 million, a 2.5% increase.

Project sales contributed RM19 million, rising 30.1% from the corresponding quarter. Dealer sales were RM28.1 million, compared with RM29.1 million a year earlier. The mix points to firmer project demand offsetting a softer dealer channel, though the company’s statement did not establish that the project growth will continue at the same pace in subsequent quarters.

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  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.