PETALING JAYA: Selangor Properties Bhd posted an 88% decline in net profit to RM57.4mil for the fourth quarter ended Oct 31 compared to the same quarter a year ago after an extraordinary gain last year from the disposal of land.
The property developer said in filing with Bursa Malaysia that revenue increased 30% in the same period to RM35.5mil due to higher occupancy and rental rental revenue from properties, especially Plaza Batai in Bukit Damansara.
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