Glomac profit jumps 27.4pc to RM40.7m

Posted on | June 30, 2010

By BUSINESS TIMES


GLOMAC Bhd’s net profit for fiscal year ended April 30 rose 27.4 per cent to RM40.7 million, driven by contributions from its Sg Buloh township and Glomac Tower commercial project in KL.

Revenue was down almost 8 per cent to RM317.8 million.

Going forward, Glomac expects significant growth, helped by unbilled sales of RM588 million, and pipeline projects worth RM1.8 billion, over the next 2 years.

- Glomac Property

You might also like

Glomac Q1 net profit rises to RM15.5m By BERNAMA GLOMAC Bhd’s first quarter net profit jumped 86.5 per cent to RM15.5 million for the...

Glomac net profit up 66% By THE STARPETALING JAYA: Property developer Glomac Bhd’s net profit rose 66% to RM7.21mil in the last...

Glomac: No chance of asset bubble in Malaysia By BUSINESS TIMES Glomac's group managing director says prices of properties in Malaysia have not...

Glomac nets RM24m in Q1 on record sales By BUSINESS TIMES KUALA LUMPUR: Glomac Bhd has announced a RM23.79 million net profit for the first...