Titijaya scales down 2016 sales target

Soon Peng: ‘The depreciation of the ringgit has not severely affected Titijaya’s development costs as 90 of its materials are sourced locally.’

PETALING JAYA: Titijaya Land Bhd has targeted RM400mil in sales for the financial year ending June 30, 2016, 20% lower than the RM500mil of sales it achieved in FY15. The prudent move is in light of the soft economic climate.

Deputy group managing director Lim Poh Yit said Titijaya would scale back its launches in order to be cautious moving into the new financial year, in spite of its net cash position.