PETALING JAYA: Real estate investor and developer MULPHA INTERNATIONAL BHD
has posted a net loss of RM10.65mil for the first quarter of the financial year ending Dec 31,2020, impacted by its hospitality division and lower share of associated profits.
However, this was offset by better performance in the group’s property and investment divisions, which contributed to the 10% year-on-year increase in group revenue at RM161.42mil, compared to the same quarter last year.
According to a Bursa Malaysia filing yesterday, Mulpha said the property division saw higher settlements in the Mulpha Norwest projects during the quarter, while its investment division experienced favourable foreign exchange movement on US dollar-denominated bond.
...