Tropicana Q4 revenue up 50%

In the corresponding quarter last year, the property developer

PETALING JAYA: Property developer Tropicana Corp Bhd posted 50% higher revenue of RM457.3mil compared with the corresponding period last year, and a net profit of RM29.26mil for the fourth quarter ended Dec 31, 2016.

The group attributed its surge in revenue to a land sale of RM33.4mil and higher sales take-up rate, driven by projects with higher work-in-progress.