Glomac 1Q net profit at RM8mil

By the Editorial Team · Friday, September 18, 2026

Glomac Bhd reported a net profit of RM7.6 million in the first quarter of 2027, reversing a loss from the previous year, with revenue rising to RM68.53 million driven by stronger property development sales. The company aims to continue its growth through ongoing project progress and a promising development pipeline.

Glomac Bhd reported a net profit of RM7.6 million for the first quarter of the 2027 financial year (1Q27), a turnaround from a net loss of RM1.42 million in the same period last year. The company’s revenue jumped to RM68.53 million in 1Q27 from RM26.05 million in 1Q26, primarily driven by increased contributions from its property development segment amid heightened activity in ongoing projects.

In its filing with Bursa Malaysia, Glomac attributed the revenue growth to stronger sales and development progress across its portfolio. The company remains optimistic about sustaining its growth, citing a robust development pipeline and steady advancement in key projects.

For the financial year ended April 30, 2026, Glomac declared a single-tier final dividend of 1.38 sen per share, scheduled for payment on December 16, 2026. The group indicated that it plans to maintain its growth trajectory through the timely execution of existing projects as well as upcoming launches.

This article was reported by synthesizing coverage from multiple independent news outlets to present a balanced, unbiased account. Read about our editorial standards. Spotted an error? Let us know.