PETALING JAYA: Guocoland (M) Bhd has returned to the black, posting a net profit of RM3.76mil in the second quarter ended Dec 31, 2021, driven by the better performance of the property development segment and lower losses from the hospitality division.
In a filing with Bursa Malaysia, the group said its revenue rose 15.6% to RM105.55mil in the quarter compared to RM91.32mil in the corresponding period a year ago due to higher contributions from the property development division as well as better showing by the hospitality division.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
