PETALING JAYA: Glomac Bhd posted a 3% increase in its net profit to RM23.4mil for the third quarter ended Jan 31 against RM22.71mil it recorded in the same quarter a year ago, on the back of a fair value gain on investment properties.
However, revenue during the quarter fell 40% to RM110.96mil, compared with RM183.72mil mainly due to the completion of Damansara Residences and tail-end projects in Bandar Saujana Utama.
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