Hatten Land profits surge 200% to $19m
Thanks to the local government’s help for Hatten City's development.
Hatten Land's net profit grew 200% YoY to $19m (RM60m) for its fourth fiscal quarter.
KGI said the local government’s helped shoulder the company's development costs of Hatten City Phase 1.
Sales was up 24% YoY to $41.3m (RM130m).
Currently, the balance of unbilled revenue to be recognised over time from 2018 is approximately $210.1m (RM662m).