Vizione wins RM250m construction job to build apartments in Semenyih
Vizione Holdings Bhd (KL:VIZIONE) has bagged a RM250 million contract to construct apartments in Semenyih, Selangor, in a related-party transaction.
E&O to launch properties with estimated RM1.63b GDV in Penang
In view of the healthy take-up rate of its properties in Penang, Eastern & Oriental Bhd (KL:E&O) plans to launch three new projects in the state with an estimated gross development value (GDV) of RM1.63 billion in 2024 and 2025.
Kerjaya Prospek Property to launch two projects with combined GDV of RM395m this year
Kerjaya Prospek Property Bhd (KL:KPPROP) plans to launch two new residential projects in the Klang Valley with a combined gross development value (GDV) of RM395 million this year.
MKH's 2Q net profit drops 17% on lower foreign exchange gains
MKH Bhd (KL:MKH) said its net profit fell 17.23% to RM20.74 million for its second quarter ended March 31, 2024 (2QFY2024), from RM25.06 million a year earlier, dragged down by lower unrealised foreign exchange gains. Earnings per share dropped to 3.59 sen from 4.34 sen previously.
Fajarbaru's 3Q profit soars over 14 times to highest in over 20 years
Construction outfit Fajarbaru Builder Group Bhd (KL:FAJAR) saw its net profit jumped more than 14 times to RM27.19 million for the third quarter ended March 31, 2024 (3QFY2024), from RM1.91 million a year earlier, mainly due to higher contribution from property development segment.
Sime Darby Property confident of defending profit margin
Amid challenges posed by rising construction material costs and potential fuel subsidy rationalisation, Sime Darby Property Bhd (KL:SIMEPROP) said it is confident of continuing to defend its profit margin via a strategic product mix.
LBS posts flat 1Q net profit as revenue drops to lowest in nearly three years
LBS Bina Group Bhd’s (KL:LBS) net profit rose by a marginal 0.11% to RM30.53 million in the first quarter ended March 31, 2024 (1QFY2024), from RM30.5 million a year earlier, helped by increased contribution from its property development business. Earnings per share increased to 1.49 sen from 1.48 sen.
Menang declares six sen special dividend as earnings rises to six-year high
Net profit more than doubled to RM7.32 million for the third quarter ended March 31, 2024 from RM3.28 million a year earlier.
Tuju Setia sees new substantial shareholder
Tuju Setia Bhd (KL:TJSETIA) said Yeong Sin Khong had become a substantial shareholder after acquiring 18.2 million shares or a 5.74% stake in the construction services group.
Sime Darby Plantation to co-develop Kerian Integrated Green Industrial Park with PNB
“The decision to actively participate in the KIGIP development is an important milestone for us as we venture into the natural adjacency of plantation companies.”
