The increase in revenue was mainly due to higher revenue recognition from Capital 21, the retail podium component of the group’s mixed development project in Johor, Malaysia, and its serviced suites component, Capital Suites.
SINGAPORE (Nov 15): Capital World, formerly known as Terratech Group, reported 1Q18 earnings rose 33.8% to RM19.7 million ($6.4 million) on the back of a 59.5% increase in revenue due to higher percentage of works completed.
Capital World seeks property development joint ventures with landowners to minimise initial capital outlay.
