SEAL in the red

PETALING JAYA: Seal Incorporated Bhd swung to a net loss of RM5.3mil for the fourth quarter (Q4) of its financial year ended June 30, 2021 (FY21), from a net profit of RM13.6mil in Q4’FY20.

The losses for the quarter in review were mainly due to the discontinuance of Selayang Mall’s operation under the group’s property management segment.

In addition, there was a recognition of the fair value gain of RM17mil from its investment properties segment in Q4’FY20.

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