Tropicana banks on FY24 momentum to propel it this year

Quick Summary:

Property developer Tropicana Corp Bhd, whose iconic projects include Tropicana Golf & Country Resort, expects an improvement in the company's performance for the financial year ending Dec 31, 2025 (FY25) amid the more challenging business environment.

These launches include those at Lido Waterfront, Danga Bay and Gelang Patah in Johor, Pantai Cenang, Pulau Langkawi in Kedah and Genting Highlands.

There was a loss before tax (LBT) of RM117.1mil arising from one-off losses from the RM680mil disposal of an investment property.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: HomeOwnership ProjectLaunches /Business/Business News JohorDevelopment PropertyMarket Corporate News TropicanaCorp AssetMonetisation

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-02 @ 00:00:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 509 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 32 words per sentence (average)

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Copyright Owner: © The Star

News ID: 28312942

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