Glomac profit tumbles in May-July quarter due to lockdown 


KUALA LUMPUR: Property developer Glomac Bhd said a "very difficult operating environment" due to the strict Covid-19 restrictions in June and July resulted in sharply lower sales and profits.

Net profit in the first quarter ended July 31 plunged to RM1.7mil compared with RM4.4mil made a year ago.

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