KUALA LUMPUR: Despite Tropicana Corp Bhd
recording higher property sales, its revenue slipped 41.9% to RM194.98mil for the second quarter ended June 30 from RM335.67mil due to the weak performance of its property investment, recreation and resort operations.
In a statement, the group said the weaker performance was dragged by the enforcement of the movement control order (MCO), which negatively impacted its operations.
Meanwhile, Tropicana posted a net loss of RM25.05mil for the quarter due to the MCO leading to disruptions in operations and resulting in a loss.
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