PETALING JAYA: Berjaya Land Bhd (BLand) expects the country’s economy to be driven by strong domestic demand and the moderation of average inflation rate, despite the uncertainties arising from geo-political tensions.

       For its second quarter ended Dec 31, 2023, BLand’s revenue was flat at RM1.69bil. It reported a net loss of RM76.48mil compared with a net profit of RM84.39mil a year earlier.

       The group reported a basic loss per share of 1.56 sen versus an earnings per share of 1.71 sen previously.In a statement, BLand said the hotels and resorts, as well as property development business segment, recorded a higher revenue mainly due to higher overall average room rates and increased property progress billings under the current quarter under review.