News by theedgemalaysia.com

Eastern & Oriental Bhd (KL:E&O) said it is "not in a hurry" to sell its properties in the UK, as it keeps the doors open to potential suitors to monetise the non-core assets.

Paradigm Real Estate Investment Trust (KL:PARADIGM) on Thursday set the final price for its initial share sale at RM1 apiece as previously indicated amid subdued demand from some investors.

Eastern & Oriental Bhd (KL:E&O) nearly doubled its net profit for the fourth quarter ended March 31, 2025 (4QFY2025), on profits from its joint ventures, a tax gain and lower finance costs.

Property developer UOA Development Bhd (KL:UOADEV) reported a 48.79% increase in net profit for the first quarter ended March 31, 2025 (1QFY2025), supported by the progressive revenue recognition from its ongoing development projects.

Matrix Concepts Holdings Bhd (KL:MATRIX) reported a 30% drop in net profit to RM42.7 million for the fourth quarter ended March 31, 2025 (4QFY2025), down from RM60.6 million a year ago.

Kerjaya Prospek Group Bhd (KL:KERJAYA) posted a 37% rise in net profit for the first quarter (1Q), supported by higher revenue from improved progress in construction activities.

IGB Bhd (KL:IGBB) reported a 51.94% decline in net profit to RM89.07 million for the first quarter ended March 31, 2025 (1QFY2025), compared to RM185.34 million in the same period last year.

Ekovest Bhd (KL:EKOVEST) reduced its net loss to RM9.75 million for its third quarter from RM11.11 million a year earlier, on reduced deferred tax expense and higher revenue from toll operations and property development.

Lagenda Properties Bhd (KL:LAGENDA) posted a 4.4% year-on-year (y-o-y) increase in net profit for the first quarter, thanks to earnings recognised from elimination adjustments.

Sentral REIT (KL:SENTRAL) is acquiring 38 stratified retail units and 1,432 parking bays in the Arcoris Plaza Development in Mont’Kiara, Kuala Lumpur, from UEM Sunrise Bhd (KL:UEMS), for RM70 million cash.