Oriental Daily - Tropicana net profit rise 72%

Kuala Lumpur, 22 May 2018 - Tropicana Corp Bhd's (TROP, 5401, main market, property) net profit surged 71.49% year-on-year to RM46.4 million in its first quarter ended March 31, 2018 from RM27.06 million due to high sales of projects across the Klang Valley and the northern and southern regions of Peninsular Malaysia. Quarterly revenue went up 21.23% to RM 453mil from RM 373.68mil.

As of March 31, the group had delivered total unbilled sales of RM1.2 bil