News by theedgemalaysia.com

Johor-based property developer KSL Holdings Bhd (KL:KSL) reported a flat third-quarter net profit as higher cost of sales, administrative expenses and finance costs offset revenue growth.

MUI Properties Bhd (KL:MUIPROP) is acquiring eight parcels of freehold land in Ijok, Selangor, for RM605 million to rebuild its development pipeline following its recent land sale in Negeri Sembilan.

FIABCI-Malaysia has pledged full support for the federal government’s Urban Renewal Bill 2025 while urging the authorities to provide clear regulations, implementation guidelines and approved timelines to ensure effective execution.

Kerjaya Prospek Group Bhd (KL:KERJAYA) on Wednesday reported a 24% rise in third-quarter net profit, as revenue improved on increased progress of construction work activities.

IGB Bhd’s (KL:IGBB) net profit for the third quarter climbed 32.3% to RM97.48 million from RM73.69 million a year ago, driven by stronger contributions from its retail, commercial, hotel and property development divisions.

Chin Hin Group Property Bhd (KL:CHGP) said it is buying 25.9 acres of land just outside Kuala Lumpur for RM91 million in cash to develop a housing project with an estimated gross development value (GDV) of RM560 million.

Kuala Lumpur Kepong Bhd (KL:KLK) saw its fourth-quarter net profit soar 14-fold, boosted by stronger plantation and property results, despite notching RM123.7 million in non-cash losses from its UK chemicals investment, Synthomer plc, including a RM60 million impairment.

UOA Development Bhd (KL:UOADEV) more than doubled its earnings in the third quarter thanks to a surge in progress billings while expenses remained largely steady.

Seremban-based developer Matrix Concepts Holdings Bhd (KL:MATRIX) reported marginally higher earnings for the second quarter as higher project contributions and lower operating expenses offset product mix effects.

Kerjaya Prospek Group Bhd's (KL:KERJAYA) unit has bagged a contract worth RM350.62 million from Pixel Valley Sdn Bhd for the completion of building contract works in Batu Kawan, Seberang Perai Selatan, Penang.