IOI Properties posts 93% rise in 3Q net profit on lower taxation
IOI Properties Group Bhd posted a 93.2% year-on-year jump in its third quarterly net profit ended March 31, 2023 (3QFY2023) to RM115.38 million from RM59.72 million on lower taxation.
OSK kicks off FY2023 on strong note
OSK Holdings Bhd registered a net profit of RM115.09 million, or earnings per share of 5.58 sen, in the first quarter ended March 31, 2023 (1QFY2023), a 36.3% increase from RM84.44 million or 4.09 sen per share a year before.
E&O’s Andaman Island Phase 1, The Meg and Arica get GreenRE Platinum Provisional Certifications
Eastern & Oriental Bhd (E&O) on Wednesday (May 26) announced that its township development project, Andaman Island Phase 1 has attained GreenRE Platinum Provisional Certification under the township category.
Rahim & Co: Property market remains above pre-pandemic levels despite slowdown in 1Q2023, industrial subsector shows positive growth
Rahim & Co International Sdn Bhd, in its 1Q2023 Property Market Review event on May 25 (Thursday), stated that although the property market witnessed a momentary slowdown in 1Q2023 as the volume of transactions fell by 5.7% compared to 1Q2022, the numbers remain higher than pre-pandemic levels corresponding to the first quarter performance.
Sime Darby Property sees challenging year for property industry, but optimistic about hitting sales target
Sime Darby Property Bhd (SDP) sees 2023 to be a challenging year for the property industry due to rising raw material prices and the recent hike in the overnight policy rate (OPR) to 3%.
YTL Corp posts flat 3Q net profit
YTL Corp Bhd’s net profit was flat at RM414.14 million in the third quarter ended March 31, 2023 (3QFY2023) from RM414.61 million a year before.
More questions raised by Bursa Securities on YNH Property’s RM170 mil land disposal to Sunway
YNH Property Bhd’s land deal with Sunway Group Bhd seems to have hit a stumbling block as Bursa Securities has raised more questions on the transaction.
MBSB earnings up 27.3% on lower expected credit losses and opex
Malaysia Building Society Bhd (MBSB) saw its net profit increase by 27.3% to RM74.13 million or 1.03 sen per share in the first quarter ended March 31, 2023 (1QFY23), from RM58.21 million or 0.81 sen per share a year ago, mainly due to lower expected credit losses and lower operating expenditure.
Berjaya Land returns to black in 3Q amid higher revenue
Berjaya Land Bhd (BLand) posted a net profit of RM4.05 million in the third quarter ended March 31, 2023 (3QFY2023), versus a net loss of RM7.44 million a year earlier, on the back of higher revenue.
Sime Darby Property’s industrial growth strategy bolstered via RM618 mil land acquisition
Sime Darby Property Bhd has announced its proposed acquisition of three parcels of freehold land totalling 948.8 acres in Kapar, Klang for RM618 million, which has been approved by shareholders at its extraordinary general meeting (EGM) on Wednesday (May 24).
