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The net profit is bogus due to the stocks' gain (just paper profit). The only meaningful accounting items are Gross Profit (Revenue - Direct costs) and Other Operating Expenses, which is money (about RM12M) used to open new F&B brands during the quarter that does not include any revenue from The Arch Galeries!
The net-profit BS is clearly demonstrated by Fintec, which involves only stock investments, and no real and successful business model like Focus Dynamics that sells RM12K/bottle wine or RM20/hour parking fees!
