Construction segment  for the quarter reported a lower gross profit of RM34.22 million compared with RM39.46 million in 1QFY21.

As a lifestyle developer, Binastra Land is uncompromising when it comes to the quality of their residences, both in design and built. All projects under the organisation received high scores in the Quality Assessment System in Construction (QLASSIC) assessment, a method used to measure and evaluate the workmanship quality of a building construction. Binastra Land went on to decisively win the QLASSIC Awards in 2018, among other achievements.

The last time the country recorded daily new infections below the 2,000 mark was on Jan 4 with 1,741 cases. The country’s daily new cases climbed to a high of 5,728 on Jan 30.

Since the resumption of construction activities, MRCB said it saw continued improvements in its profitability, albeit at a slower pace, compared with pre-pandemic levels.

A lawyer representing the Taman Tun Dr Ismail Resident's Association, which had gone to the court to stop the project, confirmed that an appeal has been filed with the Federal Court by DBKL and Memang Perkasa Sdn Bhd, a subsidiary of Malton Bhd.

On Aug 28 last year that High Court judge Justice Datuk Seri Mariana Yahya had dismissed a civil action by the former premier and his lawyer to remove Sri Ram from prosecuting them.

Revenue increased 10% to RM4.59 billion from RM4.18 billion in 1QFY21.

The other two charges were already assigned to Justice Jamil.

The property developer attributed the increased net profit to reduced administrative and general expenses, higher share of results from the group’s joint venture company in Indonesia, and adjustment in tax provision

Sime Darby Property Group managing director Datuk Azmir Merican: We have identified areas where we can further harness business opportunities amidst the ongoing pandemic, and are stepping up our customer experience efforts to meet customers’ needs for homes with the right price and sales experiences that are safe and convenient.