Glomac prepared for challenging year ahead

TA Research said Glomac’s balance sheet is at a healthy position, with its latest net gearing improving further to 0.20 times from 0.21 times in the previous consecutive quarter.

PETALING JAYA: Glomac Bhd plans to continue its focus on the affordable and mid-market residential segments moving forward.

This is so even as the group expects the financial year 2023 (FY23) to remain challenging given the concerns over inflation, labour shortage, rising interest rate and material costs that will affect the property sector.