KUALA LUMPUR: Tropicana Corp Bhd
said foreseeable losses from its land disposal will eventually be mitigated by cost savings from low-cost housing obligation, which will be recognised progressively over the next five years.
The property developer said its revenue dropped 21.9% year-on-year to RM877.84mil in the nine months period to Sept 30, 2024, compared to the previous year due to the completion of the divestment of investment properties coupled with lower land sale proceeds in the current financial period.
