News by theedgemalaysia.com

Bursa Securities has rejected Top Builders Capital Bhd's revised request for an extension of time to submit its regularisation plan by Dec 29 to the relevant authorities.

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.

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.

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.

The company said quarterly revenue rose to RM397.44 million, versus RM334.66 million a year ago.

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. 

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 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 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.

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.