Tropicana earnings up despite lower revenue
KUALA LUMPUR: Tropicana Corp Bhd ’s net profit for the third quarter (Q3) ended Sept 30, 2018, rose to RM34.15mil from RM30.91mil in the same quarter last year.
Revenue, however, decreased to RM307.1mil from RM458.03mil previously, it said in a filing with Bursa Malaysia.
“The decrease in revenue in the current quarter reflected lower sales and progress billings from stages of construction work for the group’s ongoing projects, which are scheduled to be completed in late 2018 and 2019,” it said.
...
The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.
Related Stocks
Comments