BCorp posts net loss in 4Q on higher tax expenses
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.
Higher progress billings, sales boost Tropicana’s 2QFY2023 earnings
Tropicana Corp Bhd returned to the black in the second quarter ended June 30, 2023 (2QFY2023) with a net profit of RM305,000 or 0.02 sen per share, versus a net loss of RM61.55 million or 3.74 sen per share a year earlier.
Airbnb collaborates with MDEC to promote Malaysia as Southeast Asia’s digital nomad destination
The programme provides nomad passes to foreign or local recipients, allowing them to travel and work remotely at MDEC’s nomad-ready hubs around Malaysia.
OSK Holdings' 2Q net profit up 23% to RM131m, declares three sen dividend
The company said quarterly revenue rose to RM397.44 million, versus RM334.66 million a year ago.
Sime Darby Property’s Battersea JV may drag future net earnings, say analysts
The property group recorded losses from its BPS JV, which widened to RM46.7 million for the first half ended June 30, 2023 (1HFY2023), compared with RM7.1 million losses for 1HFY2022, due to higher interest charges.
IJM forecasts a stronger FY2024 as 1Q earnings triples amid forex, revenue gains
The group's quarterly revenue gained 14.3% to RM1.23 billion in 1QFY2024 from RM1.07 billion in 1QFY2023, driven by topline improvement across its businesses.
UEM Sunrise to exit South Africa with sale of Roc-Union stake for RM29.5m under strategic plan
UEM Sunrise Bhd will be exiting the South African market with the proposed disposal by its indirect wholly owned subsidiary UEM Sunrise South Africa Proprietary Ltd of an 80.4% stake in Roc-Union Proprietary Ltd and claims of total shareholder advances worth 118.4 million rand (RM29.5 million).
IOI Properties pays five sen dividend as annual profit doubles to RM1.39 bil
IOI Properties Group Bhd closed its financial year ended June 30, 2023 (FY2023) with net profit doubling to RM1.39 billion from RM686.74 million in FY2022, thanks to a 26% increase in operating profit in its property investment portfolio and a fair value gain that contributed RM716.8 million, while revenue was largely unchanged at RM2.59 billion.
Property developers with exposure to Johor gain investors’ interest after govt bid to turn Forest City into special financial zone
Several real estate developer stocks caught investors’ interest in Monday (Aug 28) morning trade, following Putrajaya’s unveiling intention to turn Johor’s Forest City, developed by China’s beleaguered Country Garden, into a special financial zone.
Sime Darby Property raises FY2023 sales target after 1H sales exceeded forecasts
It also posted higher unbilled sales of RM3.8 billion as at June 30, versus RM3.6 billion as at Dec 31, 2022.
