PETALING JAYA: Glomac Bhd posted a net loss of RM8.6 million for the fourth quarter ended Apr 30, compared to a net profit of RM11.21 million in the p...
Glomac Bhd posted a net loss of RM8.6 million for the fourth quarter ended Apr 30, compared to a net profit of RM11.21 million in the previous corresponding quarter on fair value loss on investment properties.For the full year, the group saw a net profit of RM12.57 million on a revenue of RM245.8 million, from RM14.72 million and RM273.35 million respectively, seen in FY19.
The strong sales performance during the year boosted unbilled sales to RM650 million as at April 30, a 37% increase from RM476 million in FY19. The new launches comprise strong mix of affordable high rise like GreenTec Puchong and landed residential projects at Saujana Perdana in Sungai Buloh and Saujana KLIA in Sepang.
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