Glomac out of its comfort zone

Glomac Bhd is excited about the potential for greater market visibility with its line-up of more interesting residential and commercial projects worth some RM1.2bil over the next three years. 

The group is looking at growth of between 15% and 20% a year and is confident of sustaining a dividend payout of 9 sen per share over the next two financial years. For the first-half year ended Oct 31, 2006, Glomac recorded net earnings of RM8.4mil and revenue of RM124.9mil.