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Magma’s 2Q net loss widens to RM8.6m on lower hotel revenue, higher costs

Magma’s 2Q net loss widens to RM8.6m on lower hotel revenue, higher costs

news

Updated:
  • Magma Group Bhd's net loss widened in 2QFY2026 to RM8.57 mil.
  • This was due to lower hotel revenue and increased operating and financing costs.
  • The company plans to improve hotel operations and diversify income sources.
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Four agencies to market AI Living @ i-City

Four agencies to market AI Living @ i-City

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Updated:
  • i-City Properties is partnering with four agencies for its AI Living @ i-City project.
  • This collaboration explores AI's role in the entire property ownership journey.
  • The official launch is set for October, with sales agreements in 2Q2027.
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7-Eleven Malaysia completes RM19m Seri Kembangan land acquisition

7-Eleven Malaysia completes RM19m Seri Kembangan land acquisition

news

Updated:
  • 7-Eleven Malaysia acquired land in Seri Kembangan for RM19 mil.
  • This land will become a food commissary for the company.
  • The new facility aims to boost fresh food supply and product quality.
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YTL Corp’s property revenue rises 43% in 4Q

YTL Corp’s property revenue rises 43% in 4Q

news

Updated:
  • YTL Corp's property revenue rose 43% in 4QFY2026, but recorded a pre-tax loss.
  • Group net profit fell 47.1% despite a 15.3% revenue increase.
  • Strong cement and data centre growth offset declines in other segments.
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Teladan’s 2Q net profit rises 42% on higher development billings

Teladan’s 2Q net profit rises 42% on higher development billings

news

Updated:
  • Teladan Group Bhd's 2QFY2026 net profit rose 42.4% to RM9.31 mil due to higher progressive billings.
  • Revenue increased 31% to RM88 mil from ongoing property developments.
  • First-half net profit also grew by 50%, reaching RM19.48 mil.
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NCT Alliance posts RM20.5m 2Q profit, explores data centre development at NSIP

NCT Alliance posts RM20.5m 2Q profit, explores data centre development at NSIP

news

Updated:
  • NCT Alliance Bhd reported RM20.50 mil net profit in 2QFY2026, down 16.7% year-on-year.
  • Revenue fell 56.9% to RM87.05 mil due to lower NSIP Phase 1 recognition.
  • The company is exploring data centre development opportunities at NSIP.
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LBS Bina’s 2Q profit falls 44% despite higher revenue

LBS Bina’s 2Q profit falls 44% despite higher revenue

news

Updated:
  • LBS Bina Group Bhd's 2Q net profit fell 44.4% to RM15.05 mil despite higher revenue.
  • This decline was due to a high base in the prior year from a contingency sum reversal.
  • The company declared an interim dividend of 0.85 sen per share.
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Crest Builder’s 2Q revenue jumps 84% on construction progress

Crest Builder’s 2Q revenue jumps 84% on construction progress

news

Updated:
  • Crest Builder's 2QFY2026 revenue surged 84% to RM259.19 mil due to construction progress.
  • Profit attributable to shareholders rose 8% to RM2.84 million.
  • The company maintains a RM1.9 bil order book and expects continued growth.
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Penang CM hopes to get federal govt approval for International Financial Centre proposal

Penang CM hopes to get federal govt approval for International Financial Centre proposal

news

Updated:
  • Penang seeks federal approval for its International Financial Centre (PIFC) by Budget 2027.
  • The PIFC aims to support tech development and strengthen financing for local SMEs.
  • Penang hopes for a clear commitment to its PIFC proposal.
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