Editor's Pick

UEM Sunrise marks topping out of Residensi Astrea Mont’Kiara

UEM Sunrise Bhd conducted a topping out ceremony for Residensi Astrea Mont’Kiara on Tuesday (Nov 29). The high-rise luxury development is on schedule for completion at the end of 2023. First launched in October 2018, the 37-storey tower with 240 units sits on 2.4 acres of freehold land and has a gross development value (GDV) of RM323 million.

AME Elite's 2Q net profit rises fourfold to RM45.8m

AME Elite Consortium Bhd's net profit for the second quarter ended Sept 30, 2022 (2QFY2023) rose more than fourfold to RM45.81 million, from RM9.76 million a year ago, on stronger progress in its industrial parks and fair value gains from disposal of industrial properties.

Kerjaya Prospek's 3Q net profit up 19%, declares one sen dividend

Property developer Kerjaya Prospek Group Bhd, saw its net profit for the third quarter ended Sept 30, 2022 (3QFY2022) rise 19.1% to RM28.81 million from RM24.18 million a year earlier, mainly due to improvement in progress of construction work activities and profit margin.

Eversendai's 3Q loss balloons to RM96m on lower revenue, weak ringgit

Eversendai Corp Bhd's net loss for the third quarter ended Sept 30, 2022 (3QFY2022) ballooned to RM96.27 million from a net loss of RM14.82 million a year earlier, mainly due to under-utilisation of the group’s fabrication facilities, as well as a weakening ringgit.

MBAM partners CIOB to elevate local construction industry

The Master Builders Association Malaysia (MBAM) has signed a memorandum of understanding (MOU) with the Chartered Institute of Building (CIOB) in order to further strengthen their partnership since 2016 via a signing ceremony held last Friday (Nov 25).

Econpile's 1Q net loss narrows to RM4.83 million

Econpile Holdings Bhd's net loss for the first quarter ended Sept 30, 2022 (1QFY2023) narrowed to RM4.83 million from a net loss of RM5.79 million a year earlier, mainly due to stabilising building material costs and higher gross profits generated from its overseas operations.