PETALING JAYA: Lagenda Properties Bhd’s net profit fell 8.58% year-on-year (y-o-y) in the third quarter ended Sept 30, 2021 despite an improved turnover contribution from its property development and trading businesses.
The drop in bottom line was due to the delay in construction activities caused by the movement control order (MCO) and the intra-group adjustments arising from the asset injection exercise in the corresponding quarter.
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