Glomac's 9MFY16 profit and sales below expectations, says Maybank IB Research

Started with a dream: The Glomac Damansara development is located a stone’s throw from t he dream location where Fa teh Iskandar once wanted to buy for his home.

KUALA LUMPUR : Glomac Bhd's core net profit and locked-in property sales for the cumulative nine month period for its 2016 financial year (9MFY16) fell short of expectations due to the lack of new property launches, said Maybank IB Research.