Apart from the lower revenue, other factors contributing to the lower profit before tax (PBT) included additional project-related and compliance costs arising from the Covid-19 pandemic, the property developer's bourse filing showed.
Construction segment for the quarter reported a lower gross profit of RM34.22 million compared with RM39.46 million in 1QFY21.
Revenue increased 10% to RM4.59 billion from RM4.18 billion in 1QFY21.
Selangor reported the highest number of daily new cases at 1,757, more than double yesterday’s 862 cases.
“All ministers who travel overseas for official matters must submit applications to seek approval. From there, we will look into their schedule and standard operating procedures and official duties involved,” said Health Director-General Tan Sri Dr Noor Hisham Abdullah
The MOH said today’s 2,764 newly-confirmed Covid-19-infected individuals brought the total number cases in the country to 248,316 so far.
"The divestment which sees us divesting our non-core asset resonates well with our recycling strategy to rebalance and strengthen the growth potential of our Japan portfolio," said Yong Yean Chau, chief executive officer of Parkway Trust Management Ltd, the manager of the REIT.
All operations at RWG, except essential resort-based services such as security, bomba, utilities and clinics, will not be operational.
“The company immediately imposed a halt in production activities as a precautionary and preventive measure to contain the possible spread of the virus, as well as to carry out sanitation and disinfection for the premises.”
Upside risk: overall recovery in retail malls. Downside risk: prolonged lockdown measures.
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