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The lower revenue and loss before tax (LBT) from the property development segment this quarter were mainly due to slower progress on the project, which is common during Chinese New Year and Ramadan. Things are likely to pick up in the next quarter
Yong Tai also said the adjudication decision is not expected to have a material financial effect, as it reiterated the sum claimed by KPM has already been accounted for in Apple 99’s financial statement for the financial year ended June 30, 2024.
