By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Marketing In Asia
  • Marketing
    • Viral
    • Expert Opinions
    • News & Trends
    • Research
    • Market Podcasts
    • Market Videos
    Marketing
    This category deals with best news and updates on marketing and branding news and events.
    Show More
    Top News
    Mary Reschar, Head of Product Marketing, Fluent Commerce
    How retailers can prepare for the rise of Gen Zalpha
    1 week ago
    employees brainstorming in office
    Are coworking spaces the best way to keep up the next generation of Malaysian workers engaged?
    2 weeks ago
    Ng Chew Wee, Head of Business Marketing, APAC at TikTok
    Marketing in Asia Presents an Exclusive Interview with Ng Chew Wee, Head of Business Marketing, APAC at TikTok
    1 month ago
    Latest News
    Marketing in Asia Presents an Exclusive Interview with April Tayson, Regional VP INSEAU at Adjust
    9 hours ago
    How conversational commerce benefits marketers
    2 days ago
    Marketing in Asia Presents an Exclusive Interview with Andrew Monu, VP of Marketing, LinkedIn
    3 days ago
    Marketing in Asia Presents an Exclusive Interview with Ankita Thakur, Group Head of Marketing, MoneyHero Group
    1 week ago
  • Startup
    • News from Startup world
    • Startup Stories
    • Trends and Opinions
    • Startup Podcasts
    • Startup Videos
    Startup
    News and articles from startup and venture investment world
    Show More
    Top News
    Japan’s Evolving Booze Culture: A Market in Transformation
    Japan’s Evolving Booze Culture: A Market in Transformation
    7 months ago
    text
    Safe Space™ announces partnership with National Healthcare Group as it continues to boost employee support and wellbeing
    8 months ago
    Sakshi Kalani Founder & CEO of Savy Click and Jaipur Unfolded
    AI-Powered Analytics: Sakshi Kalani on Influencer Marketing in 2025
    8 months ago
    Latest News
    Byron J. Fernandez: Minimize the stress of business crises with strong CX
    5 months ago
    Vedant Mahajan Acquires Stake in Flite: Transforming Event Technology with Innovation
    5 months ago
    Navigating the Digital Economy and Tax Challenges for SMEs
    6 months ago
    sehatUP Launches India’s First Integrated Digital Health Clinic, Pioneering Holistic Healthcare
    7 months ago
  • Business
    • Feature Stories
    • News
    • Business Podcasts
    • Business Videos
    Business
    News and press releases from business world of Asia
    Show More
    Top News
    Aaron Crowe
    Modern retail marketing technology solution allows businesses to deliver mind-blowing numbers of offers in real time
    2 weeks ago
    employees brainstorming in office
    Are coworking spaces the best way to keep up the next generation of Malaysian workers engaged?
    2 weeks ago
    Andy See
    Marketing in Asia Presents an Exclusive Interview with Andy See, Founder and Managing Director of Perspective Strategies
    2 weeks ago
    Latest News
    Marketing in Asia Presents an Exclusive Interview with April Tayson, Regional VP INSEAU at Adjust
    9 hours ago
    Marketing in Asia Presents an Exclusive Interview with Andrew Monu, VP of Marketing, LinkedIn
    3 days ago
    Marketing in Asia Presents an Exclusive Interview with Ankita Thakur, Group Head of Marketing, MoneyHero Group
    1 week ago
    How retailers can prepare for the rise of Gen Zalpha
    1 week ago
  • Society
    • Inspiration
    • Destinations & Travel
    • Food & Gourmet
    • People
    • Young Voices
    • Society Videos
    • Society Podcasts
    Society
    News and articles from and for societies around us
    Show More
    Top News
    Smashers Sports Acquires Delhi Franchise of WPBL: A Game-Changer in India’s Sports Entertainment
    Smashers Sports Acquires Delhi Franchise of WPBL: A Game-Changer in India’s Sports Entertainment
    5 months ago
    Resorts World Cruises Sets Sail from Dubai with New Luxury Gulf Voyages
    Resorts World Cruises Sets Sail from Dubai with New Luxury Gulf Voyages
    7 months ago
    Australia luxury property
    Australia’s Luxury Real Estate Market Soars as Affluent Buyers Seek Waterfront Dreams
    7 months ago
    Latest News
    From Taboo to Triumph: How Malaysians Are Transforming Their Intimate Health Journey
    2 months ago
    Top 5 Misconceptions About Antibiotics Malaysians Need to Stop Believing
    2 months ago
    Eagle Eye Reveals Impact of Loyalty Programs on APAC Retailers
    2 months ago
    Elevate Your Haircare in 2025 with Jung Beauty’s Luxurious Camellia Edition Treatment
    5 months ago
  • Press Release
  • Awards
    • MIA Impact Circle Stellar CxO 2023 Malaysia
    • MIA Impact Circle Stellar CxO 2023 India
    • MIA Impact Circle Stellar CxO 2023 Philippines
    • Australian Women in Business Excellence Awards
    • MIA Impact Circle Stellar CxO 2024 Singapore
    • Mia Impact Circle Stellar Cxo 2024 Hongkong Award 
    • Mia Impact Circle Stellar Cxo 2024 Indonesia Award 
Search
Technology
  • Hot
  • Trending
  • Editor’s Choice
  • NSFW
  • Reactions
  • Authors
  • Viral on Internet
Other Pages
  • My Bookmarks
  • Customize Interests
  • About Marketing In Asia
  • Business Register & Login
  • Web Stories
  • Videos
  • Disclaimer
  • Terms of Service
  • Privacy Policy
© 2024 Marketing In Asia Sdn Bhd. All Rights Reserved.
Reading: Tropicana Corporation Sees 15% Boost in Revenue Q1 2023: A Tale of Resilience Amidst Uncertainty
Share
Sign In
Notification Show More
Latest News
boomi-logo
Boomi Recognized as a Leader for the 11th Time in the 2025 Gartner® Magic Quadrant™ for Integration Platform as a Service
Press Release
WORQ offers free day passes to support remote work
WORQ offers free day passes to support remote work during the ASEAN Summit 2025 road closures
Press Release
Group photo of TLC CEO Ms. Julia Chong and Co-Director Mr. Khaw Chay Tee with representatives from both the 2024 and 2025 beneficiary organisations on stage
Turning Love Into Action: The Truly Loving Company Raises Over RM100,000 For Local Charities in Support of Community Growth And the Environment
Press Release
April Tayson, Regional VP INSEAU at Adjust
Marketing in Asia Presents an Exclusive Interview with April Tayson, Regional VP INSEAU at Adjust
Business Interviews Marketing
adjust-logo
Adjust Launches Growth Copilot BetaFor Smarter, Faster App Growth
Press Release
Aa
Marketing In Asia
Aa
  • Hot
  • Trending
  • Editor’s Choice
  • NSFW
  • Reactions
  • Authors
  • Viral on Internet
  • My Bookmarks
  • Customize Interests
  • About Marketing In Asia
  • Business Register & Login
  • Startup Register & Login
Search
  • Marketing
    • Viral
    • Expert Opinions
    • News & Trends
    • Research
    • Market Podcasts
    • Market Videos
  • Startup
    • News from Startup world
    • Startup Stories
    • Trends and Opinions
    • Startup Podcasts
    • Startup Videos
  • Business
    • Feature Stories
    • News
    • Business Podcasts
    • Business Videos
  • Society
    • Inspiration
    • Destinations & Travel
    • Food & Gourmet
    • People
    • Young Voices
    • Society Videos
    • Society Podcasts
  • Press Release
  • Awards
    • MIA Impact Circle Stellar CxO 2023 Malaysia
    • MIA Impact Circle Stellar CxO 2023 India
    • MIA Impact Circle Stellar CxO 2023 Philippines
    • Australian Women in Business Excellence Awards
    • MIA Impact Circle Stellar CxO 2024 Singapore
    • Mia Impact Circle Stellar Cxo 2024 Hongkong Award 
    • Mia Impact Circle Stellar Cxo 2024 Indonesia Award 
Have an existing account? Sign In
Follow US
© 2023 Marketing In Asia Sdn Bhd. All Rights Reserved.
Marketing In Asia > Blog > Business > News > Tropicana Corporation Sees 15% Boost in Revenue Q1 2023: A Tale of Resilience Amidst Uncertainty
NewsPress Release

Tropicana Corporation Sees 15% Boost in Revenue Q1 2023: A Tale of Resilience Amidst Uncertainty

profile
Last updated: 2023/05/30 at 2:59 PM
haidar bajrai
Share
2 Min Read
Tropicana Corporation Sees 15% Boost in Revenue Q1 2023: A Tale of Resilience Amidst Uncertainty
SHARE

Despite a challenging business landscape, property developer Tropicana Corporation Berhad (“Tropicana” or “The Group”) registered an uptick in its financial performance for the first quarter ended 31 March 2023, as per its recent filing to Bursa Malaysia. 

Tropicana Corporation Sees 15% Boost in Revenue Q1 2023: A Tale of Resilience Amidst Uncertainty

Record-Breaking Financial Performance: A Ray of Hope in the Industry 

Tropicana Group posted a revenue of RM256.7 million in Q1 2023, marking a 15.0% or RM33.4 million hike compared to the corresponding quarter in the preceding year. Alongside this, the Group enjoyed a profit before tax (PBT) of RM0.8 million, an impressive 102.2% upswing over Q1 2022. 

The Power Behind the Uplift: The Group’s Strategies 

A combination of factors contributed to Tropicana’s robust financial performance, including an improved property investment portfolio, better-performing recreation and resort operations, and cost rationalisation measures. The management also acknowledged the role of effective marketing campaigns and digital engagement in driving growth. 

In the Words of the Management 

“We will continue to roll out effective marketing and sales campaigns to drive growth. Our digital and online engagement became a big part of our marketing strategies. The recent TropiQuest campaign is a novelty explore and earn sales initiative where we match the purchasers’ profiles with their Tropicana dream property. At the same time, they will enjoy fantastic prizes from gadgets to hotel stays, earn referral rewards, sale & purchase agreement incentives, furnishing packages, loan agreements as well as memorandum of transfer stamp duty exemptions,” the management elaborated. 

Optimistic Outlook: The Road Ahead 

Despite a marginal revenue drop compared to the preceding quarter ended December 2022, the Group remains upbeat about the potential for its key ongoing projects. Upcoming market-driven developments at strategic locations such as SouthPlace 2 Serviced Residences & Shoppes, Tropicana Metropark, and more are projected to contribute positively to future earnings. 

Also read: Pioneer in Digital Transformation, Manisha Seewal, Named Redhill’s President 

With a robust landbank and a potential gross development value of approximately RM203.7 billion, Tropicana is strategically poised to unlock value and deliver sustainable performance in the coming years. 

Legal Disclaimer: The Editor provides this news content "as is," without any warranty of any kind. We disclaim all responsibility and liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. For any complaints or copyright concerns regarding this article, please contact the author mentioned above.

You Might Also Like

Boomi Recognized as a Leader for the 11th Time in the 2025 Gartner® Magic Quadrant™ for Integration Platform as a Service

WORQ offers free day passes to support remote work during the ASEAN Summit 2025 road closures

Turning Love Into Action: The Truly Loving Company Raises Over RM100,000 For Local Charities in Support of Community Growth And the Environment

Adjust Launches Growth Copilot BetaFor Smarter, Faster App Growth

Experts reveal why it’s time to future-proof loyalty programs with AI

MIA
Get Latest Job Updates on Whatsapp and Telegram
SCIKEY Logo
Whatsapp
Telegram
TAGGED: gross development value, market-driven developments, news, pre-tax profit, property development, Q1 2023 financial results, revenue boost, strategic landbank, Tropicana Corporation Berhad, TropiQuest campaign

Sign Up For MIA Newsletter

Be keep up! Get the latest updates about the Marketing world delivered straight to your inbox.

    By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
    haidar bajrai May 30, 2023 May 30, 2023
    Share This Article
    Facebook Twitter LinkedIn Email Copy Link Print
    Share
    What do you think?
    Love0
    Happy0
    Joy0
    Surprise0
    Sad0
    Angry0
    Cry0
    profile
    By haidar bajrai
    Follow:
    With a strong sense of compassion and a desire to effect real change, I am a passionate and purpose-driven person committed to having a positive impact on the world. I am inspired by works that present fresh viewpoints and insights. Hence i engage with travelling and participating in outdoor activities to learn more about the world. Exposure to diverse cultures and environments fuels my capacity for creative problem-solving, which also broadens my perspective on life.
    Previous Article JioCinema Epic Entertainment Surge: NBCUniversal Teams Up with Viacom18’s JioCinema in a Game-Changing Multi-Year Deal
    Next Article Revolutionising-AI-Computing-Nvidia-Breaks-Ground-on-Israels-Fastest-Supercomputer Revolutionising AI Computing: Nvidia Breaks Ground On Israel’s Fastest Supercomputer 
    Leave a comment Leave a comment

    Leave a Reply Cancel reply

    You must be logged in to post a comment.

    9.5k Followers Follow
    3.4k Followers Like
    1.1k Followers Follow
    214 Followers Follow
    208 Subscribers Subscribe

    Latest News

    boomi-logo
    Boomi Recognized as a Leader for the 11th Time in the 2025 Gartner® Magic Quadrant™ for Integration Platform as a Service
    Press Release 9 hours ago
    WORQ offers free day passes to support remote work
    WORQ offers free day passes to support remote work during the ASEAN Summit 2025 road closures
    Press Release 9 hours ago
    Group photo of TLC CEO Ms. Julia Chong and Co-Director Mr. Khaw Chay Tee with representatives from both the 2024 and 2025 beneficiary organisations on stage
    Turning Love Into Action: The Truly Loving Company Raises Over RM100,000 For Local Charities in Support of Community Growth And the Environment
    Press Release 9 hours ago
    April Tayson, Regional VP INSEAU at Adjust
    Marketing in Asia Presents an Exclusive Interview with April Tayson, Regional VP INSEAU at Adjust
    Business Interviews Marketing 9 hours ago

    PropertyGuru

    property guru

    You Might also Like

    boomi-logo
    Press Release

    Boomi Recognized as a Leader for the 11th Time in the 2025 Gartner® Magic Quadrant™ for Integration Platform as a Service

    9 hours ago
    WORQ offers free day passes to support remote work
    Press Release

    WORQ offers free day passes to support remote work during the ASEAN Summit 2025 road closures

    9 hours ago
    Group photo of TLC CEO Ms. Julia Chong and Co-Director Mr. Khaw Chay Tee with representatives from both the 2024 and 2025 beneficiary organisations on stage
    Press Release

    Turning Love Into Action: The Truly Loving Company Raises Over RM100,000 For Local Charities in Support of Community Growth And the Environment

    9 hours ago
    adjust-logo
    Press Release

    Adjust Launches Growth Copilot BetaFor Smarter, Faster App Growth

    10 hours ago
    //

    Get Asia to Notice You

    Quick Link

    • Contact
    • RSS Terms of Service
    • Policies & Standards
    • About Us
    • FAQ
    • Disclaimer
    • Terms Of Service
    • Privacy Policy

    Top Categories

    • Marketing
    • Startup
    • Feature Stories
    • News
    • People
    • Inspiration

    Sign Up for Our Newsletter

    Subscribe to our newsletter to get our newest articles instantly!

      Marketing In AsiaMarketing In Asia
      Follow US
      © 2024 Marketing In Asia. All Rights Reserved.
      • Disclaimer
      • Terms of Service
      • Privacy Policy