RM6.9mil Q3 net loss for Guocoland


PETALING JAYA: Guocoland (M) Bhd reported a net loss of RM6.96mil for its third quarter ended March 31 from a net profit of RM63.58mil in the same quarter a year ago.

The company said in its quarterly announcement to Bursa Malaysia that it recorded a higher revenue of RM95.2mil for the current quarter under review compared to RM71.3mil in the preceding year’s corresponding quarter due to recognition from the launch of Emerald Hills in Cheras.

However, the company said the higher revenue was mitigated by the lower sales of completed units.

Corporate News , Guocoland