Tycoon Lee Kim Yew trims stake in Country Heights
Lee disposed of 810,811 shares in the property developer via off market transactions on Tuesday (Dec 6).
Reneuco to undertake housing project in Terengganu jointly with state government
This state government had in August approved the development of the project on 49.92 acres of state land.
Gamuda chairman Mohammed Che Hussein retires
Mohammed has been on the company’s board as chairman since December 2013.
Property developer SkyWorld Development seeks Main Market listing
SkyWorld Development Bhd is seeking a listing on the Main Market of Bursa Malaysia, according to its prospectus exposure published on the Securities Commission Malaysia’s website on Monday (Dec 5).
MRCB returns to black in 3Q, boosted by higher recognition from construction progress, sales of completed inventory
Malaysian Resources Corp Bhd (MRCB) registered a net profit of RM23.7 million for the third quarter ended Sept 30, 2022 (3QFY2022), versus RM32.16 million net loss in last year’s corresponding quarter, as revenue jumped 524% year-on-year to RM860 million.
YNH Property’s 3Q net profit slumps 97% to RM43,000
YNH Property Bhd’s net profit slumped 97.07% to RM43,000 for the third quarter ended Sept 30, 2022 (3QFY2022), from RM1.47 million for the same quarter last year, amid completion of the K163 development here.
Chin Hin's 3Q net profit swells six times to RM16m
The resumption of business activities contributed to a hike in revenue, especially in the distribution of building materials and logistics services division, as well as the concrete manufacturing division.
MBSB swings to the black in 3Q amid lower expected credit losses on loans
Better earnings for the quarter were attributed to lower expected credit losses on loans, financing and advances as well as other impairments, which were down by 59% from RM249 million in 3QFY2021 to RM103.4 million in 3QFY2022.
Berjaya Land returns to profit in 1QFY2023 as revenue grows
Berjaya Land Bhd (BLand) returned to the black in the first quarter ended Sept 30, 2022 (1QFY2023), posting a net profit of RM8.45 million versus a net loss of RM74.3 million in the same period a year ago.
YTL Hospitality REIT’s 1QFY23 income available for distribution increases 73% y-o-y
YTL Hospitality Real Estate Investment Trust (YTL Hospitality REIT)’s income available for distribution for the quarter ended Sept 30, 2022 (1QFY23) increased 72.74% year-on-year to RM30.95 million, despite the REIT recording net property income that was at the same level as the corresponding quarter in FY2022.
