Damansara Realty to sustain turnaround


The chief executive of one victim, depositor Saigonbank Berjaya Securities JSC (SBBS) - a unit of Malaysia's Berjaya Corporation Bhd - told Reuters that if the ruling was upheld, she had little hope of recouping her bank's $10 million from the perpetrator, who was sentenced to life imprisonment. "We can't afford to lose the case. This represents 70 percent of our capital. Our business may get suspended," Josephine Yei said in an interview.

KUALA LUMPUR: Damansara Realty Bhd which posted a turnaround in its bottom line in the financial year 2017 said it aims to sustain that performance this year as well.

“This is a sustainable thing and we will build upon it this year,” CEO Brian Iskandar Zulkarim told a press briefing here today.

The company, which is a property company said it will tap growth from the integrated facilities management business segment of which it is already operating in now.

“We are still a property company but while we are pushing all areas for growth, we would like to be cautious on this area for the time being,” Brian said.

“We would see growth being predominantly from the IFM segment this year due to the cautious property situation now,” he added.

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