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Glomac's 4Q profit surges over fourfold, plans RM371 mil launches in FY2027

Glomac's 4Q profit surges over fourfold, plans RM371 mil launches in FY2027

news

Updated:
  • Glomac Bhd's4Q net profit quadrupled to RM13.26 mil due to higher billings.
  • Revenue increased by 6.4% to RM79.75 mil for the quarter.
  • The company proposed a 1.38 sen dividend and plans RM371 mil in new launches.
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Pesona Metro profit jumps 162% in FY2025, targets RM500 mil in new contracts

Pesona Metro profit jumps 162% in FY2025, targets RM500 mil in new contracts

news

Updated:
  • Pesona Metro Holdings Bhd reported strong FY2025 results.
  • Revenue rose 38% to RM705.9 mil, PBT increased 162% to RM66.0 mil.
  • The property division contributed the largest share of PBT.
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Ajiya books RM14.3 mil gain from Tanco share disposal amid developer’s share-price slide

Ajiya books RM14.3 mil gain from Tanco share disposal amid developer’s share-price slide

news

Updated:
  • Ajiya Bhd sold Tanco Holdings Bhd shares, gaining RM14.3 mil.
  • This reduced Ajiya's stake to 0.76% for capital management.
  • Tanco has received two unusual market activity queries from Bursa Malaysia this year.
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Gamuda's 3Q net profit rises 4.5% as domestic construction drives growth, declares five sen dividend

Gamuda's 3Q net profit rises 4.5% as domestic construction drives growth, declares five sen dividend

news

Updated:
  • Gamuda Bhd's net profit rose 4.51% in 3QFY2026 to RM257.98 mil, driven by domestic construction.
  • Revenue surged 43.56% to RM4.44 bil, and an interim dividend of five sen per share was proposed.
  • The company secured RM11.7 bil in new projects, boosting its order book to a record RM52 bil.
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Forensic reports conclude claims of Battersea's overvaluation unfounded, says MOF

Forensic reports conclude claims of Battersea's overvaluation unfounded, says MOF

news

Updated:
  • An independent audit cleared Battersea Power Station of overvaluation claims.
  • Forensic reports found allegations unfounded, requiring no further investigation.
  • Accounting practices align with international standards, and PwC also certified accounts.
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KPKT allocates RM216.44 mil to boost Johor housing, infrastructure

KPKT allocates RM216.44 mil to boost Johor housing, infrastructure

news

Updated:
  • KPKT allocated RM216.44 mil to Johor under the 13th Malaysia Plan.
  • This funding supports housing, infrastructure, and community well-being projects.
  • The initiative aims to enhance residents' quality of life and ensure sustainable living.
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Mah Sing targets higher 2026 sales after strongest property year in a decade at RM2.51 bil

Mah Sing targets higher 2026 sales after strongest property year in a decade at RM2.51 bil

news

Updated:
  • Mah Sing achieved RM2.51 bil in property sales for FY2025, a decade high.
  • They target RM2.76 bil for 2026, supported by a RM3.45 bil launch pipeline.
  • Their growth strategy includes industrial land, data centers, and manufacturing expansion.
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Rehda Institute RIYI mentors stress sustainability, industry readiness

Rehda Institute RIYI mentors stress sustainability, industry readiness

news

Updated:
  • Chin Hin Group board adviser Ngian Siew Siong said companies must prioritise sustainability in making money.
  • Avaland Bhd chief operating officer Aw Sei Cheh said that AI is increasingly used in market research.
  • The RIYI 2026 brought together 50 students from 15 universities to engage directly with industry leaders.
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Glomac's 4Q profit surges over fourfold, plans RM371 mil launches in FY2027