News by theedgemalaysia.com

S P Setia Bhd has reported a 71.12% jump in its fourth quarter net profit to RM148.24 million from RM86.63 million a year earlier, helped by higher sales of its properties.

Construction and property development firm Malaysian Resources Corp Bhd (MRCB) said on Thursday its net profit jumped to RM80.23 million for the fourth quarter ended Dec 31, 2023 (4QFY2023), from RM13.02 million a year earlier, as gains from disposal of two properties offset a decline in revenue.

Construction firm Kerjaya Prospek Group Bhd’s net profit margin will likely improve in coming quarters on lower tax and potential writeback in provisions, said its chairman on Thursday.

Bina Darulaman Bhd's (BDB) net profit for the financial year ended Dec 31, 2023 (FY2023) more than doubled to RM12.67 million or 4.17 sen per share, from RM5.59 million or 1.84 sen per share a year ago, on higher revenue due to improvements made by construction activities and the completion of initiatives from the property division.

The government plans to set up Bumiputera Land Corporation (Perbadanan Tanah Bumiputera) to preserve land ownership, as part of an effort to strengthen the community, Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said on Thursday.

Eversendai Corporation Bhd said it returned to profitability in the fourth quarter ended Dec 31, 2023 (4QFY2023), thanks to the progress of its projects in the Middle East and increased utilisation rates of its fabrication facilities.

Southern Score Builders Bhd, formerly known as G Neptune Bhd, has won a contract amounting to RM618.24 million to construct two blocks of apartment suites in Setapak, Kuala Lumpur.

Higher tax expenses pushed Ekovest Bhd into the red in the second quarter ended Dec 31, 2023 (2QFY2024), posting a net loss of RM50.6 million or 1.69 sen per share, compared with RM223,000 net profit or 0.01 sen per share a year ago.

IJM Corp Bhd's net profit rose 34.3% to RM100.43 million for its third quarter ended Dec 31, 2023 (3QFY2024) from RM74.79 million a year earlier on the back of higher revenue across all its business segments.

Property developer Paramount Corp Bhd posted a 49.28% jump in net profit for the fourth quarter ended Dec 31, 2023 (4QFY2023) to RM28.2 million from RM18.89 million a year ago, mainly fuelled by improvements in all its business segments, namely property, coworking, investment and others.