PETALING JAYA:Glomac Bhd announced a 36.2% jump in its financial year 2012 (FY12) net profit from RM62.98mil to RM85.78mil, attributable to the commendable sales of its prime mixed developments.
Its revenue for the 12-month period ended April 30 was 9.7% higher at RM655.61mil compared with RM597.48mil a year ago.
In its filing with Bursa Malaysia, the group said the improvement was due to “on-going sales and progressive recognition of development projects in Glomac Damansara, Bandar Saujana Utama, Saujana Rawang and Glomac Cyberjaya”.
In its press statement, Glomac elaborated that profits were anchored by Glomac Damansara, Glomac Cyberjaya and final billings from the completed Glomac Tower.
Quote from The Star 27 June 2012
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