Ekovest continues to bleed in 4Q, but narrower on lower taxation
Diversified group Ekovest Bhd (KL:EKOVEST) extended its quarterly streak in the red, but with a narrower net loss in the fourth quarter, helped by lower taxation.
Econpile bags RM23 mil construction job for apartment project in Puchong
Piling and foundation specialist Econpile Holdings Bhd (KL:ECONBHD) said it has secured a RM23.46 million construction contract for a proposed apartment development in Puchong, Selangor.
Chin Hin’s 2Q profit halves amid higher administrative expenses
Builder cum developer Chin Hin Group Bhd's (KL:CHINHIN) net profit for the second quarter halved despite logging higher revenue, dragged by higher administrative expenses and the absence of a one-off gain recognised a year ago.
MRCB sees 70% drop in 2Q profit on lower billings
Construction and property group Malaysian Resources Corp Bhd (KL:MRCB) posted a 70.6% year-on-year fall in net profit for the second quarter on lower construction billing.
Lagenda logs record quarterly property sales; profit down 6.5% on higher admin expenses
Property developer Lagenda Properties Bhd (KL:LAGENDA) logged record quarterly property sales of RM413.4 million in the second quarter, but net profit dropped 6.5% due to lower revenue and higher administrative expenses.
Al-Aqar REIT’s 2Q net income down 2.5%, declares 1.73 sen DPU
Al-Aqar Healthcare Real Estate Investment Trust (Al-Aqar REIT) (KL:ALAQAR), which owns and manages hospitals, wellness and health centres and health colleges, has reported a 2.5% year-on-year fall in its second-quarter net income.
Ivory Properties’ unit under receivership after default
Ivory Properties said Ivory Indah is not a major subsidiary, with its assets making up 15% of the group.
NCT Alliance's major shareholders to inject industrial park developer for RM490 mil in shares, RCPS
NCT Alliance Bhd (KL:NCT) is to acquire its major shareholders’ industrial park developer firm for RM490.26 million in shares and redeemable convertible preference shares (RCPS) to expand its development portfolio into industrial properties.
Paramount cuts sales target to RM1.2b amid market headwinds
Paramount Corp Bhd (KL:PARAMON) has lowered its full-year sales target and scaled back its planned project launches, in a move reflecting the moderating economic outlook and persistent property market challenges, as its second-quarter net profit fell 10.15% year on year.
Maxim Global secures RM126 mil loan to develop 3.24-acre KL Site
Maxim Global Bhd (KL:MAXIM) has secured RM126 million in banking facilities from Alliance Bank Malaysia Bhd (KL:ABMB) to fund a property development project in Kuala Lumpur.
