KUALA LUMPUR: MK Land Holdings Bhd (MK Land) recorded a 35.5% drop in net profit to RM2.027 million in its third financial quarter ended March 31, 2010 from RM3.131 million in the corresponding quarter a year ago. Turnover dropped 5.1% with RM94.737 million in the current quarter under review versus RM99.781 million in the same period last year.

KUALA LUMPUR: Dijaya Corporation Bhd (Dijaya Corp) acquired the entire issued and paid-up share capital of Autumn Craft Sdn Bhd (ACSB) for a cash consideration of RM2. This newly incorporated dormant company was set up for the purpose of future operations and expansions of Dijaya Corp, the company said in a Bursa announcement on May 25.

KUALA LUMPUR: KSL Holdings Bhd (KSL) recorded a drop in net profit of 5.4% in the first quarter ended March 31,2010 with RM16.069 million compared to RM16.978 in the corresponding quarter a year ago. Revenue, however, increased by 17.1% with the current quarter recording RM53.536 million versus RM45.653 million in the same quarter a year ago.

KUALA LUMPUR: Property developer Selangor Dredging Bhd (SDB) has recorded a 125% rise in net profit for the first quarter ended March 31,2010 to RM10.358 million from RM4.6 million in the corresponding quarter a year ago. Revenue went up by 54.1% to RM66.218 million in the quarter under review from RM42.969 million in the corresponding quarter last year.

KUALA LUMPUR: A & M Realty Bhd has recorded a 323.3% rise in net profit for the quarter ending March 31,2010 to RM2.235 million compared with RM528,000 from the corresponding quarter a year ago. Revenue was up 61.2% to RM33.790 million in the quarter under review versus RM20.966 million in the corresponding quarter last year.

KUALA LUMPUR: UEM Land Holdings Bhd (UEM Land) saw its net profit increase 19.4% for the first quarter of 2010 ended March 31, 2010 to RM3.142 million from RM2.631 million in the corresponding quarter a year ago. However, revenue collected in the quarter under review dropped by 30% to RM39.699 million from RM56.511 million in the first quarter last year.

KUALA LUMPUR: Construction group Naim Holdings Bhd (Naim)'s net profit dropped by 11% to RM13.993 million for the first quarter ending March 31, 2010 from RM15.848 million in the corresponding quarter a year ago.

Revenue on the other hand rose 29.4% in the quarter under review to RM123.353 million from RM95.307 million recorded in the corresponding quarter last year.

KUALA LUMPUR: The rising cost of building and construction materials in Asia is still at a manageable level, said the Master Builders Association of Malaysia (MBAM).

PUTRAJAYA: The government will implement many more initiatives which will make the government more accessible and mobile. 

Chief Secretary to the Government Tan Sri Mohd Sidek Hassan said the launch of the e-Land system for instance, would modernise the process of land administration.