Capital World attributed this to higher revenue from Capital 21, a retail podium component of the group’s mixed development in Johor and its serviced suites component, Capital Suites, which were recognised based on a higher percentage of completion.
SINGAPORE (Aug 28): Capital World, the group formerly known as Terratech which is now into property development, announced FY17 earnings increased 63% to RM70.1 million ($22.2 million) from RM42.9 million in FY16.
Group revenue more than doubled to RM183.9 million for the fiscal year ended June compared to RM81.6 million recorded last year.
