KUALA LUMPUR: The Hong Leong group’s property arm, Guocoland (M) Bhd posted a narrower net loss of RM11.69mil in the fourth quarter ended June 30, 2019 (4Q19) from RM35.72mil a year ago due to the gain on disposal of hotels of RM104.1mil a year ago.
However, in a filing to Bursa Malaysia, the group posted a revenue of RM131.02mil in the quarter compared to net negative revenue of RM100.5mil in the corresponding period a year ago on the back of revenue recognised from the launch of Emerald Hills in Cheras.
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