The surge in profit was due to the $6.4 million gain on disposal of the group’s property located at 182 Pandan Loop (Pandan property). The group granted an option to a third party for the sale of its property with certain plant and equipment as part of its relocation process on Sept 1, 2022.
MTQ reports 342% y-o-y surge in 1HFY2024 profit after tax of $7.6 mil due to gain on disposal of Pandan property
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