LBS Bina Group Bhd has recorded a 13.8% growth in net profit for the third quarter ended Sept 30, 2023 (3QFY2023), underpinned by better site construction activities, as well as cost savings upon delivery of vacant possession for two completed projects.
As a result, earnings per share for 3QFY2023 came in higher at 3.55 sen compared with 1.38 sen for 3QFY2022.
Kerjaya Prospek said it has not commenced any contract work to-date.
The builder declared an interim dividend of two sen, with an ex-date on Dec 14 this year.
M Minori is Mah Sing’s inaugural M Series development in the southern region.
Quarterly revenue rose 20.6% to RM217.89 million from RM180.72 million in 3QFY22, attributed to heightened construction activities and sales conversion from various projects.
Ecobuilt said its wholly-owned subsidiary Eko Bina Sdn Bhd has received a notice of termination of the RM148.04 million project from the joint-venture partner TJ Civil & Structural Contractor Sdn Bhd.
The developer also bagged the sub-awards for Best Quantitative and Qualitative attributes, the first time a single company has won all three awards, scoring a hat-trick for Gamuda Land.
Eurospan Holdings Bhd’s proposed RM54.55 million sale of its furniture manufacturing unit and properties in Seberang Perai to its controlling shareholder for future leaseback has been deemed “fair and reasonable” by independent adviser Mainstreet Advisers Sdn Bhd.
RHB Small Cap Asean Research has maintained its “buy” rating on AME Elite Consortium Bhd at RM1.55 with a higher target price of RM2 (from RM1.82) and said the recent transacted industrial land price of RM120-125 psf indicates that there is an attractive upside to AME Elite’s remaining gross development value (GDV) for its industrial projects in Iskandar Malaysia.
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