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SDB’s 1Q net loss widens to RM8.25m as revenue halves

SDB’s 1Q net loss widens to RM8.25m as revenue halves

news

Updated:
  • Selangor Dredging Bhd reported a wider net loss of RM8.25 mil in 1QFY2027.
  • Revenue nearly halved due to early project stages and higher costs.
  • The company anticipates gradual earnings growth as construction progresses.
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Matrix Concepts’ 1Q profit slips despite higher revenue

Matrix Concepts’ 1Q profit slips despite higher revenue

news

Updated:
  • Matrix Concepts' 1Q profit fell 4.4% to RM60.19 mil, despite an 11% revenue increase.
  • Lower other income and higher expenses impacted earnings, narrowing the gross profit margin.
  • The company remains optimistic, with RM1.5 bil in unbilled sales and new project expansions.
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Can Kuala Lumpur become a climate-resilient city?

Can Kuala Lumpur become a climate-resilient city?

news

Updated:
  • Kuala Lumpur faces a hotter, wetter future with flash floods and unpredictable monsoons.
  • The International Sustainability Week 2026 will address climate resilience.
  • Experts emphasise integrated planning and inclusive solutions for urban adaptation.
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Nga: Home Ownership Campaign, EV infrastructure among stakeholders' proposals for Budget 2027

Nga: Home Ownership Campaign, EV infrastructure among stakeholders' proposals for Budget 2027

news

Updated:
  • Stakeholders proposed Budget 2027 initiatives to the Housing and Local Government Ministry.
  • Ideas include better strata management, HOC, and EV charging infrastructure.
  • The ministry will assess proposals based on feasibility and financial capacity.
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Sime Darby Property 2Q profit doubles; sets 40%-60% payout target

Sime Darby Property 2Q profit doubles; sets 40%-60% payout target

news

Updated:
  • Sime Darby Property Bhd's 2QFY2026 net profit more than doubled to RM322.04 mil.
  • This growth was driven by strong property development and investment performance.
  • The company also announced a new dividend policy targeting 40%-60% payout.
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Bina Darulaman returns to profit in 2Q as property earnings offset lower billings

Bina Darulaman returns to profit in 2Q as property earnings offset lower billings

news

Updated:
  • Bina Darulaman Bhd achieved a net profit of RM599,000 in 2QFY2026, reversing a prior loss.
  • This turnaround was driven by a strong performance in its property division.
  • The company anticipates continued recovery and stable earnings from new contracts.
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SunCon 2Q net profit rises 24%, order book hits RM10.5b

SunCon 2Q net profit rises 24%, order book hits RM10.5b

news

Updated:
  • Sunway Construction Group's 2Q net profit rose 23.5% to RM103.59 mil despite a revenue decline.
  • Stronger project margins, especially from Advanced Technology Facilities, drove this growth.
  • The company achieved a record RM10.5 bil order book and declared a four sen dividend.
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Fiamma’s 2Q net profit rises 15.9% as revenue jumps 41.5%

Fiamma’s 2Q net profit rises 15.9% as revenue jumps 41.5%

news

Updated:
  • Fiamma Holdings Bhd's 2Q net profit rose 15.9% to RM16.17 mil, with revenue up 41.5%.
  • First-half net profit, however, fell 46.3% to RM26.93 mil due to one-off gains last year.
  • The company expects continued growth from property and resilient demand for home appliances.
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Hektar REIT seeks unitholders’ nod for RM125m KYS KL East school leasehold acquisition

Hektar REIT seeks unitholders’ nod for RM125m KYS KL East school leasehold acquisition

news

Updated:
  • Hektar REIT seeks approval to acquire KYS College's leasehold interest for RM125 mil.
  • The deal includes existing school buildings and a new one to be constructed.
  • This acquisition is expected to impact earnings and distributions initially, but improve long-term.
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Mycron seeks shareholders’ nod for RM30m Shah Alam factory purchase from parent

Mycron seeks shareholders’ nod for RM30m Shah Alam factory purchase from parent

news

Updated:
  • Mycron Steel Bhd seeks approval to acquire a Shah Alam property from its major shareholder.
  • RM30 mil purchase is for a 5.33-acre leasehold industrial property currently rented by Mycron's subsidiary.
  • This acquisition aims to provide long-term operational certainty and cost savings for Mycron.
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SDB’s 1Q net loss widens to RM8.25m as revenue halves