PETALING JAYA: Property developer Tropicana Corp Bhd
posted more than three-fold increase in net profit to RM151.8mil in the third quarter ended Sept 30 compared with a year ago on a gain from the disposal of a subsidiary.
The company said in a filing with Bursa Malaysia that revenue decreased 18.7% to RM244.6mil compared with the same quarter a year ago on lower work in progress for its property development segment, as a number of the projects were in the early stages of construction.
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