News by Sangeetha Amarthalingam

Revenue fell 1.2% to RM271.2 million from RM274.6 million, OSK Holdings said in a bourse filing today.

It said the proposed acquisition enables it to gain full control of the future business direction of Sentul Raya.

In a filing with Bursa Malaysia yesterday, TRC said the termination was not due to default in contract by the company, but rather due to a prerogative right of MMC Gamuda as stipulated in the contract.

Property developer Titijaya Land Bhd expects its net profit and revenue in the current financial year ending June 30, 2017 (FY17) to be around the same level as in the previous year, its deputy managing director Lim Poh Yit said.

Titijaya Land Bhd plans to enter the affordable housing segment with a proposed development of RM2.4 billion in gross development value (GDV) in Bukit Raja, Petaling in Selangor in the second quarter of 2017.

S P Setia Bhd is expected to see strong fourth quarter earnings, due to the handover of the property developer's two overseas projects, according to RHB Research Institute Sdn Bhd. 

A final and single dividend of 1.75 sen was proposed, amounting to a payout of RM2.1 million for the financial year ended Aug 31, 2016 (FY16) — the same quantum as FY15's.

Its net profit increased 5.6% to RM68.77 million in 3QFY16 from RM65.13 million in 3QFY15, while revenue grew 4.1% to RM125.88 million from RM120.96 million during the same period under review.

I-Bhd said revenue rose to RM113.58 million from RM55.22 million

CMMT chairman David Wong said retail sales for the second quarter of 2016 grew 7.5%, having rebounded from a severe decline following the implementation of the goods and services tax last year.