News by theedgemalaysia.com

YNH Property Bhd has reported its third straight quarterly loss, blaming it on higher administrative and operating costs.

IGB Bhd’s net profit more than doubled to RM112.04 million in the second quarter ended June 30, 2023 (2QFY2023), from RM49.79 million a year earlier, on the back of a higher revenue and increased forex gains. Earnings per share rose to 8.30 sen, from 3.68 sen.

Avaland Bhd’s RM145 million Casa Bayu residential development located in its over 400-acre Cybersouth township has achieved a take-up rate of 95%, according to a press statement on Wednesday.

Chin Hin Group Bhd posted a 43.18% drop in its net profit to RM21.87 million for the second quarter ended June 30, 2023 (2QFY2023), from RM38.49 million a year earlier, amid a lower fair value gain on other investment.

Sime Darby Property Bhd has launched a new campaign known as “Great Deals", which covers properties in participating townships of Bandar Bukit Raja, Putra Heights, Serenia City, KLGCC Resort, Ara Damansara, Subang Jaya City Centre, KL East, and Bandar Universiti Pagoh.

Ekovest Bhd has proposed to undertake a private placement of up to 10% of its issued shares to strategic and/or institutional investors to raise up to RM117.27 million — mainly to fund the construction cost of the Rapid Transit System (RTS) Link project.

Jaya Grocer has launched its largest store at Eco Galleria in Taman Eko Botani, Iskandar Puteri, Johor, in celebration of Merdeka Day.

Malaysia Building Society Bhd (MBSB) reported a net profit of RM83.7 million for the second quarter ended June 30, 2023 (2QFY2023), a decline of 41.18% from RM142.3 million a year ago.

Bursa Securities has rejected Top Builders Capital Bhd's revised request for an extension of time to submit its regularisation plan by Dec 29 to the relevant authorities.

Berjaya Corp Bhd (BCorp) posted a net loss of RM79.33 million in the fourth quarter ended June 30, 2023 (4QFY2023), against a net profit of RM48.63 million a year ago, due to higher tax expenses.