Revitalised Damansara Realty eyes new markets
Lim Cian Yai | 02 Mar 2018 00:30
The company’s parking management division, grouped under Metro Parking, manages 60,000 parking bays in Malaysia, Singapore and the Philippines
Damansara Realty Bhd, which staged an impressive turnaround in FY17 after three straight years of losses, is seeking to expand its footprint to more countries in the region.

The property development cum facility management group is eyeing a move into the Middle East. It already has a presence in Singapore and the Philippines.

The company rebounded in its financial year ended Dec 31, 2017, posting a net profit of RM17.02 mil, up 162% from a net loss of RM27.12 mil the year before.

In FY16, it suffered its biggest loss in recent years – RM27.88 mil, an 885% jump from RM2.83 mil loss a year earlier.