Property venture ends Yong Tai's losses for years

Ng: ‘We have seen light at the end of our tunnel.’

PETALING JAYA: Garment maker Yong Tai Bhd is banking on a venture into property development to end years of losing money.

A joint venture to build serviced apartment in Malacca has contributed to its turnaround. For the nine months ended March 31, net profit stood at RM1.1mil compared with a loss of RM1.9mil a year ago.