News by theedgemalaysia.com

Eco World International Bhd is giving out a RM792 million dividend or 33 sen per share next month, with three of its largest shareholders entitled to nearly 70% or RM550.76 million.

Sunway Bhd’s net profit fell 7.2% to RM149.93 million in the second quarter ended June 30, 2023 (2QFY2023), from RM161.49 million a year earlier, as lower contribution from property investment and other operating income more than offset a rise in revenue.

UOA Development Bhd (UOADev)’s earnings rose 41% to RM63.87 million or 2.65 sen per share in the second quarter ended June 30, 2023, from RM45.3 million or 1.95 sen per share a year ago due to higher other income, including investment income.

Eastern & Oriental Bhd (E&O) posted a net profit of RM32.95 million for the first quarter ended June 30, 2023 (1QFY2024), from a net loss of RM1.65 million a year ago, on the back of improved revenue.

NCT Alliance Bhd (NCT) posted a net profit of RM9.3 million in its second quarter ended June 30, 2023, on the back of a 20% increase in revenue to RM58.4 million.

MBSB Bank Bhd is suing Country Heights Holdings Bhd, following its default on the payment of Islamic term financing facilities totalling RM89.67 million, to recover the sum owed.

Magna Prima Bhd is acquiring the remaining 30% stake in Magna Ecocity Sdn Bhd for a cash consideration of RM45.58 million.

Chin Hin Group Property Bhd saw its net profit risen 91 times to RM5.83 million in the second quarter ended June 30, 2023 (2QFY2023), from RM64,000 a year ago, due mainly to higher work progress of the construction projects.

SkyWorld Development Bhd’s SkySierra Residences received 86% in Quality Assessment System in Construction (QLASSIC) score and 92.63% Safety and Health Assessment in Construction (SHASSIC) score for its high-rise residential development in Setiawangsa, Kuala Lumpur. It is also the highest score the company has received to date.

Quarterly revenue slipped 5.7% to RM1.03 billion from RM1.1 billion last year after its retail business' topline decreased, mainly due to pent-up spending for the festivities in the corresponding quarter in FY2022.