Glomac to be sustained by unbilled sales, new projects

TheStar Wed, Jul 15, 2020 08:10am - 3 years View Original


Glomac proposed a final single-tier dividend of one sen per share, compared with 0.8 sen per share in the preceding year.

PETALING JAYA: Glomac Bhd expects its performance for the financial year ending April 30,2021 (FY21) to be sustained by unbilled sales of RM650mil as well as RM612mil new projects ready for launch in the new financial year.

The property developer said the new launches comprised mix of affordable high-rise like GreenTec Puchong and landed residential projects at Saujana Perdana in Sungai Buloh and Saujana KLIA in Sepang, Selangor.

Glomac reported revenue of RM245.8mil in FY20, mainly driven by steady construction progress from ongoing phases at Saujana Perdana and Saujana Rawang, as well as Plaza@Kelana Jaya. This compared with RM273.3mil in FY19.

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