Home-grown building materials specialist Chin Hin Group Bhd’s fourth quarter net profit increased by more than six times from a year earlier, on the back of higher earnings from its joint ventures (JVs) and associates, as well as a disposal gain of RM9.12 million from its subsidiary.

Selangor state-controlled Kumpulan Perangsang Selangor Bhd (KPS) is disposing of Plaza Perangsang in Shah Alam, a 36-year old building which the group occupies as its main office, for RM46 million to Perbadanan Kemajuan Negeri Selangor (PKNS).

Property developer Tropicana Corp Bhd is acquiring a piece of leasehold land in Kota Damansara for RM224 million to be developed into a residential area comprising four to five tower blocks of serviced apartments, with an estimated gross development value of about RM2.8 billion.

IGB Bhd’s net profit jumped to RM85.77 million in its fourth quarter ended Dec 31, 2023 (4QFY2023), over four times the RM18.77 million it made in the same quarter a year ago.

S P Setia Bhd has reported a 71.12% jump in its fourth quarter net profit to RM148.24 million from RM86.63 million a year earlier, helped by higher sales of its properties.

Construction and property development firm Malaysian Resources Corp Bhd (MRCB) said on Thursday its net profit jumped to RM80.23 million for the fourth quarter ended Dec 31, 2023 (4QFY2023), from RM13.02 million a year earlier, as gains from disposal of two properties offset a decline in revenue.

Eco World Development Group Bhd (EcoWorld) opened its latest sales gallery and the Se.duduk D’ Kajang sales gallery here today. Se.duduk will be the first of EcoWorld’s popular duduk projects to be located outside its established townships.

Construction firm Kerjaya Prospek Group Bhd’s net profit margin will likely improve in coming quarters on lower tax and potential writeback in provisions, said its chairman on Thursday.

Bina Darulaman Bhd's (BDB) net profit for the financial year ended Dec 31, 2023 (FY2023) more than doubled to RM12.67 million or 4.17 sen per share, from RM5.59 million or 1.84 sen per share a year ago, on higher revenue due to improvements made by construction activities and the completion of initiatives from the property division.

The government plans to set up Bumiputera Land Corporation (Perbadanan Tanah Bumiputera) to preserve land ownership, as part of an effort to strengthen the community, Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said on Thursday.