PETALING JAYA: Tropicana Corp Bhd
’s revenue and net profit declined in the second quarter ended June 30, (2Q25) due to the completion of the divestment of several investment properties, resulting in a reduction of recurring income.
For 2Q25, the property company’s revenue fell by 12.6% year-on-year (y-o-y) to RM590.5mil. The group’s profit before tax also declined by 84% y-o-y to RM16mil.
In a statement, Tropicana said on a positive note, the group’s finance costs declined in line with its ongoing strategy to reduce overall debt levels through asset monetisation initiatives.
It added that unbilled sales stood at RM2.1bil, placing the company in a comfortable position to deliver sustainable earnings.
Tropicana’s current landbank stands at 1,336.1 acres, with a total potential gross development value of RM168.4bil.
