Avaland back in black in Q2
KUALA LUMPUR: Avaland Bhd has returned to the black with a net profit of RM11.12 million in the second quarter (Q2) ended June 30, 2023 versus a net loss of RM7 million in Q2 2022.
Its revenue for the quarter more than doubled to RM113.84 million from RM53.5 million in the same period last year.
The company said the improved performance came on the back of increased contributions from ongoing projects namely Aetas Damansara, Alira Subang Jaya and Casa Bayu Townhouse.