News by M

MCT Bhd returned to profitability in the first quarter ended March 31, 2023 (1QFY2023) with net profit RM136,000, versus net loss RM12.19 million a year earlier, on the back of higher property sales.

Sime Darby Property Bhd’s net profit for the first quarter ended March 31, 2023 (1QFY2023) rose 17% to RM60.67 million from RM51.84 million previously, mainly contributed by its property development segment.

Noteworthy:

• Freehold
• Built-up size: 10,000 sq ft
• Land size: 27,443 sq ft
• 6 bedrooms, 6 bathrooms
• Semi furnished
• Nearby amenities: Convenience stores, Suria KLCC, KL Tower, Pusat Sains Negara, KLCC LRT Station
• Accessibility: KESAS highway, EKVE highway, Ampang-Kuala Lumpur Elevated Highway (AKLEH) 

When: November 2022

Construction firm Kerjaya Prospek Group Bhd anticipates that its profit margins will remain steady in the current year  in comparison to the previous year, because of lower building material costs and a selective approach to which jobs the company tenders for.

Higher contributions from property investment and healthcare segments lifted Sunway Bhd’s first quarter net profit by 3.76% to RM141.64 million from RM136.51 million a year ago. This more than offset the lower profit contributions from the other business segments, the group said.

An expert has called on the authorities to be transparent and get to the bottom of what has caused the fires at the old Employees Provident Fund (EPF) building at Jalan Gasing here.

The Court of Appeal on Wednesday (May 24) has allowed the appeals of 68-year-old landowner Tan Jiak Chye to subpoena four people to testify in his RM330 million suit against 1Malaysia Development Bhd (1MDB) and 1MDB’s counterclaim of RM6 million on him in relation to the Air Itam estate.

Over the past five months, Chin Hin Group Bhd’s controlling shareholder Datuk Seri Chiau Beng Teik has been actively raising his stake in the building material specialist, breaching the 60% mark.

Kerjaya Prospek Group Bhd reported RM29.41 million net profit for the first quarter ended March 31, 2023 (1QFY2023), a slight increase from RM28.86 million a year earlier.

EMSB, which is jointly owned by two individuals Teow Wooi Huat and Teow Chee Chow, is the land owner of three adjoining plots of leasehold land spanning 519.5 acres.