PETALING JAYA: Guocoland (M) Bhd’s net profit for its third quarter ended March 31 slipped 26% to RM11.63mil from RM15.71mil a year earlier, mainly due to a lower contribution from the group’s commercial development sub-segment and joint ventures.
The company, however, said the reduction in the contribution from commercial projects was mitigated by the increased contribution in the residential development sub-segment.
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