PETALING JAYA: Guocoland (M) Bhd registered a net loss of RM14.85mil for the second quarter of the financial year ending June 30,2020 (FY20), on the back of lower revenue from lower sales of completed units.
In comparison, the property arm of Hong Leong Group posted a net loss of RM12.65mil during the same quarter in FY19.
The greater net loss for the quarter under review has resulted in a wider net loss for the first half of FY20 at RM24.85mil.
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