Titijaya appoints former KL mayor as chairman
Property developer Titijaya Land Bhd has appointed former Kuala Lumpur mayor Datuk Seri Mahadi Che Ngah as its new independent non-executive chairman.
Aeon Co’s 4Q net profit climbs 31%, flags policy risks ahead
Department store and mall operator Aeon Co (M) Bhd said on Friday that its net profit rose 31% in the fourth quarter from a year earlier, thanks to higher occupancy rate, rental renewals and cost control, while flagging risks from government policy measures.
Axis REIT to acquire Klang industrial complex from Amsteel Mills for RM49m
Axis Real Estate Investment Trust (Axis REIT) announced that the group has entered into a sales and purchase agreement (SPA) with Amsteel Mills Sdn Bhd (AMSB) for the acquisition of a leasehold industrial complex in Klang for RM49 million, cash.
Weaker ringgit may impact Sime Darby Property’s profit margins, says MD
Sime Darby Property Bhd (SDP), whose share price jumped to a four-year high following its FY2023 earnings released earlier on Friday, said the weakening of the ringgit could impact its profit margins due to higher costs of raw materials.
Eco World International to focus on clearing RM850m inventory
Eco World International Bhd, which mainly develops real estate in the United Kingdom and Australia, said it aims to clear its inventory worth RM850 million and distribute excess cash for the financial year ending Oct 31, 2024.
Companies moving to Tun Razak Exchange to enjoy incentives, says PM
Prime Minister Datuk Seri Anwar Ibrahim on Friday announced incentives for companies relocating their bases to the country’s new international financial centre (IFC), the Tun Razak Exchange (TRX) here.
Sime Darby Property’s 4Q net profit rises 27%, unbilled sales of RM3.6b provide three-year earnings visibility
Sime Darby Property Bhd’s net profit for the fourth quarter ended Dec 31, 2023 (4QFY2023) rose 27.25% to RM131.26 million from RM103.15 million a year earlier, thanks to strong top line contributions and higher profit from the property development segment.
Pintaras Jaya bags piling contracts worth RM170mil in Singapore
Pintaras Jaya Bhd has been awarded eight piling contracts in Singapore worth a total of RM170 million since August 2023.
Ekovest sells land in KL for RM67mil in related party transaction
Infrastructure and construction company Ekovest Bhd is disposing of 13 parcels of land measuring a total of 12,400.139 sq m in Section 85 along Jalan Pahang here to Airman Sdn Bhd, a wholly-owned subsidiary of Lim Seong Hai Holdings Sdn Bhd (LSHHSB), for RM66.8 million.
Strong MCement, YTL Power performance lift YTL Corp 2Q profit six-fold to RM589 mil
YTL Corp Bhd net profit in the second quarter ended Dec 31, 2023 (2QFY2024) rose six-fold to RM589.21 million from RM96.91 million a year ago, lifted by stellar results from listed units YTL Power International Bhd and Malayan Cement Bhd.
