Glomac surges to three-year high as investors bet on better days ahead after below-view 3Q
Glomac’s net profit jumped by over 800% to RM3.
Glomac’s net profit jumped by over 800% to RM3.
The group will remain focused on the affordable and mid-market residential segments, where it has successfully built a strong brand with quality, innovative and digital lifestyle concepts products.
Loop City will be developed in four phases over three residential plots and one commercial plot.
Datuk Seri Fateh Iskandar Mansor said it is not the best time for the government to implement such measures as the local property market is slowly recovering from the Covid-19 pandemic and headwinds from rising inflationary pressures.
Glomac said it achieved higher new sales of RM101 million in 1QFY2024, representing a 94% jump compared to RM52 million recorded in 1QFY2023.
DONE DEAL: Office, Plaza Mont’Kiara, Kuala Lumpur DONE DEAL: Factory, Kajang, Selangor Residensi Damansara Glomac is positioned within the safe and high-end neighbourhood of Taman Tun Dr.
Administrative expenses rose to RM5.
121 Residences has a gross development value of RM367 million.
The property developer said the acquisition of the stake for RM16.
The group declared a final single tier dividend of 1.