YTL Corp posts 14-fold increase in 1Q profit to RM521.7 mil
YTL Corp Bhd posted its best quarterly net profit since 2006 at RM521.7 million in the quarter ended Sept 30 (1QFY2024), as all business segments' contributions grew save for construction.
Making nature part of the economy
Think City and Yayasan Hasanah, the impact-based foundation of Khazanah Nasional Bhd, co-hosted Mike Rands, a distinguished environment scientist, conservationist and ornithologist (a bird expert), who spoke about how urban green spaces play an important role in a country's economy.
WCT in the red again in 3Q on absence of land disposal gain
Builder-cum-property developer WCT Holdings Bhd has gone back to the red in the third quarter ended Sept 30, 2023 (3QFY2023) with a net loss of RM13.54 million despite stronger revenue compared to a net profit of RM12.49 million a year ago, due to absence of positive one-off items recognised in the previous corresponding quarter — including a land disposal gain.
Tabung Haji emerges as substantial shareholder in Matrix Concepts
Lembaga Tabung Haji (LTH) has emerged as a substantial shareholder of Seremban-based property developer Matrix Concepts Holdings Bhd with a 5% stake.
Kerjaya Prospek demands RM20 mil in termination damages from Ecofirst’s subsidiary
Kerjaya Prospek Bhd is demanding RM20 million in termination damages from BCM Holdings Sdn Bhd, a subsidiary of Ecofirst Consolidated Bhd, after BCM suddenly decided not to proceed with the RM404.35 million residential project it awarded to the group in June this year.
Kerjaya Prospek Property posts steady 2Q profit, wants to increase Klang Valley land bank
Kerjaya Prospek Property Bhd (KPProp), which reported a net profit of RM22.8 million for its second quarter ended Sept 30, 2023 (2QFY2024) — little changed from a year ago — is looking for new strategic plots to increase its land bank, especially in the Klang Valley, to ensure a steady pipeline of future development projects, according to executive chairman Datin Toh Siew Chuon.
Matrix Concepts’ earnings up 27% in 2Q as worker shortage issues dissipate
Matrix Concepts Holdings Bhd's net profit grew 27% for the second quarter ended Sept 30, 2023 (2QFY2024) fuelled by improved construction activities as labour shortage issues dissipate.
Hektar REIT achieves 87.7% occupancy rate across its retail portfolio in 3Q2023
Hektar Asset Management Sdn Bhd, the manager of Hektar Real Estate Investment Trust (Hektar REIT), reported that it has achieved an 87.7% occupancy rate for its retail asset portfolio in 3Q2023, with Mahkota Parade, Melaka and Wetex Parade, Johor having reached 93%, while Kulim Central, Kedah achieving almost 98%.
TRX Tunnel to open on Nov 29, along with mall and rooftop park
The Tun Razak Exchange (TRX) tunnel will be open to the public on Nov 29 coinciding with the opening of The Exchange TRX mall and the 10-acre rooftop TRX City Park.
Widad’s unit wins RM117m job to build first phase of Tok Bali Industrial Park in Kelantan
Widad Group Bhd’s unit has secured a RM116.8 million contract to build Phase 1A of the Tok Bali Industrial Park in Gong Kulim, Kelantan for the East Coast Economic Region Development Council.
