KUALA LUMPUR: Tropicana Corp Bhd
, which posted a net profit of RM5.15mil in the first quarter ended March 31, has an unbilled sales of RM727.7mil.
“As at March 31, the group recorded unbilled sales of RM727.2mil, anchored by six ongoing townships, commercial and resort themed projects and existing landbank of 2,344.0 acres with a total potential gross development value of RM70bil.
“With more sales recorded past MCO, the group’s unbilled sales is expected to strengthen further,” Tropicana said in a statement.
In the first quarter ended March 31, Tropicana recorded lower revenue and pre-tax profit at RM142.7mil and RM7.9mil respectively, compared to RM209.8mil and RM21mil recorded in the corresponding quarter in FY2019.
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