Guocoland net profit rises to RM54.41mil in FY24

KUALA LUMPUR: Guocoland (M) Bhd’s net profit increased to RM54.41 million for its financial year ended June 30, 2024, from RM34.61 million a year earlier.

In a filing with Bursa Malaysia, the group said its revenue was slightly lower at RM433.74 million against RM434.35 million.

Moving forward, Guocoland said its key focus remained on the timely completion of its ongoing development projects and monetisation of its inventories, while new product launches would be phased in line with the prevailing market conditions.

"Furthermore, the group remains vigilant in seeking opportunities to expand its landbank,” it added. - Bernama