PETALING JAYA: Analysts have mixed views on property developer Glomac Bhd
, as its performance for financial year 2024 (FY24) came in below expectations.
Glomac closed its FY24 ended April 30 with a 25.11% year-on-year (y-o-y) drop in net profit to RM23.59mil, or an earnings per share of 3.07 sen, due to higher construction costs as well as a rise in interest expense.
