Tropicana registers higher 2Q profit

Tropicana rolled out Southplace 2 Shoppes & Residences at Tropicana Metropark

PETALING JAYA: Tropicana Corp Bhd posted a pre-tax profit of RM76.1mil for its second quarter ended June 30, (2Q24) compared to RM1.8mil in 2Q23 on higher progress billing, unrealised gain on quoted shares and lower finance cost.

The higher profit generated and the reduction in gearing have strengthened the Group’s financial position with its gross gearing ratio easing from 0.74 times as of Dec 31, 2023 to 0.65 times as of end June.