KUALA LUMPUR: Ivory Properties Group Bhd has posted a net profit of RM8.08 million for its third quarter (3Q) ended Sept 30, 2010, slipping from RM8.44 million in the last quarter on higher operating expenses.

The group, which debuted on Bursa Malaysia on July 28, registered a 62% growth in revenue to RM41.97 million against RM25.9 million in the previous quarter.

KUALA LUMPUR: MTD Capital Bhd's net profit fell 15.9% RM18.9 million for its second quarter (2Q) ended Sept 30, 2010 from RM22.49 million a year ago on absence of gain from disposal of two investment properties, it announced to Bursa Malaysia on Friday, Nov 26.

KUALA LUMPUR: Sunway Holdings Bhd's unit has been awarded a tender of land parcel in Singapore for a 99-year lease term at S$187.59 million (RM450.19 million) from Singapore's Housing and Development Board, it announced to Bursa Malaysia on Friday, Nov 26.

SHAH ALAM: Glenmarie Properties Sdn Bhd expects a total gross development value (GDV) of RM380 million for its newly launched project, Glenmarie Gardens, in Shah Alam, said chief executive officer Mohd Radzman Othman.

KUALA LUMPUR: SPK-Sentosa Corporation Bhd's net loss widened to RM4.35 million for its third quarter ended Sept 30, 2010, from RM1.14 million a year ago despite higher revenue.

In a filing to Bursa Malaysia on Friday, Nov 26, the group posted 34.4% higher revenue of RM92.99 million from RM69.15 million.

KUALA LUMPUR: Sime Darby Bhd has posted a net profit of RM654.74 million for its first quarter ended 30 Sept, 2010, slipping from RM684.64 million a year ago on lower contributions from its plantation, energy and utilities as well as its healthcare and others segments.

ABU DHABI: The designs by Foster+Partners for the Zayed National Museum — the first museum on Saadiyat Island, Abu Dhabi — was officially unveiled jointly by Sheikh Mohammed bin Rashid Al Maktoum, vice-president and prime minister of the United Arab Emirates (UAE) and Ruler of Dubai, and Queen Elizabeth II of the UK, the firm stated in a press release on Friday, Nov 26.

KUALA LUMPUR: Ireka Corporation Bhd's (Ireka Corp) unit Ireka Engineering & Construction Sdn Bhd has been appointed as a contractor for an office and hotel development at KL Sentral, it announced to Bursa Malaysia on Friday, Nov 26.

KUALA LUMPUR: Analysts are positive on the Sunway Holdings Bhd and Sunway City Bhd (SunCity)'s proposed merger, saying it is synergistic and they advise shareholders to accept the merger offer.

KUALA LUMPUR:  The government is expected to award the jobs for the long-awaited light rail transit (LRT) extension project soon, and successful bidders have been short-listed, sources said.