LTAT says its 2017 profit was RM370mil, not RM662mil

Published on 11 Apr 2019 4:06:19 PM

The Armed Forces Fund Board (LTAT) chief executive Nik Amlizan Mohamed said the board’s 2017 financial year should register profits of RM370.56mil and not RM662.17mil as reported. She said it was due to unrecognised impairments and incomplete sales of two land lots in Cochrane and Bukit Jalil.