IGB’s 1Q net profit triples, boosted by land disposal gains
Real estate developer IGB Bhd (KL:IGBB) said its net profit more than tripled for the first quarter from a year earlier, thanks largely to land disposal gains.
Berjaya Land's 3Q profit up sevenfold on disposal, revaluation gains
Berjaya Land Bhd (KL:BJLAND) said its net profit surged more than sevenfold for the third quarter ended March 31, 2024 (3QFY2024), attributed to gains from equity disposal and the revaluation of retained equity interest.
YTL, related stocks snap rally after 3Q results
Shares of utilities-to-hotels conglomerate YTL Corporation Bhd (KL:YTL) and its related stocks on Friday snapped consecutive days of rally despite notching earnings growth in their third quarter (3QFY2024) financial results.
Mitrajaya surges to over eight-month high amid active trade after RM174m contract win
Shares of Mitrajaya Holdings Bhd (KL:MITRA) rose to their highest in more than eight months, after the builder and property developer announced that it has secured a contract worth RM174.3 million.
Ageson says 'no material adverse findings' from independent assessment
Ageson Bhd (KL:AGES), whose external auditor raised concerns about its receivables as well as its subsidiaries’ revenues and asset valuation, announced that consultant Virdos Lima Consultancy (M) Sdn Bhd (VL Consultancy) did not find any “material adverse findings from its independent assessment”.
GuocoLand’s 3Q net profit falls 66%, warns about property oversupply
Nonetheless, this was partially offset by a better performance of the hospitality division, thanks to higher occupancy and better average room rates.
Aurelius breaks ground for new manufacturing plant in Kulim
Aurelius Technologies Bhd’s (KL:ATECH) wholly owned subsidiary BCM Electronics Corp Sdn Bhd on Monday announced the commencement of construction for a new integrated manufacturing plant, known as P5, in Kulim Hi-Tech Park, Kedah.
UOA REIT’s net rental income drops 13% in 1Q as its properties record lower occupancy rates
UOA REIT, a trust which mainly manages commercial properties, said its net rental income fell 12.7% in its quarter ended March 31, 2024 (1QFY2024) due to lower occupancy rates and higher property operating expenses.
YNH makes belated announcement about transactions involving its Segambut land
... which it had inked an agreement in September last year to sell for RM59.58 million but revoked last week to have Chin Hin Group Property Bhd develop the plot in return for at least RM52 million.
JRG Minerals teams up with Shandong Huaxin for RM15b development project in Pahang
JRG Minerals Sdn Bhd is collaborating with Shandong Huaxin Industry Co Ltd for a development project in Kuantan, Pahang, with an estimated value of RM15 billion.
