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Varia returns to black in 4Q as FY2026 net profit rises to RM46.5m

Varia returns to black in 4Q as FY2026 net profit rises to RM46.5m

news

Updated:
  • Varia Bhd returned to profitability in 4QFY2026, with RM6.51 mil net profit.
  • Full-year net profit surged to RM46.50 mil on higher construction activity.
  • The construction segment remains its key contributor with a RM2.9 bil order book.
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WCT secures RM600.89m contract for 41-storey office building at TRX

WCT secures RM600.89m contract for 41-storey office building at TRX

news

Updated:
  • WCT Holdings secured a RM600.89 mil contract for a 41-story office building.
  • The project is located at Tun Razak Exchange in Kuala Lumpur.
  • Construction is set to begin on Dec 1, 2026.
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UEM Sunrise appoints industry veteran Azmar Talib as chairman

UEM Sunrise appoints industry veteran Azmar Talib as chairman

news

Updated:
  • UEM Sunrise Bhd appointed Datuk Wira Sr Azmar Talib as its new chairman.
  • He brings over 40 years of experience to the role.
  • Azmar succeeds Datuk Hisham Hamdan, who strengthened the company's fundamentals.
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Avaland 2Q net profit rises 41% q-o-q to RM17.1m

Avaland 2Q net profit rises 41% q-o-q to RM17.1m

news

Updated:
  • Avaland Bhd's net profit rose 41% to RM17.1 mil in 2QFY2026, with revenue up 17%.
  • New sales increased by 46% to RM222.4 mil, driven by new developments.
  • The company acquired land for a luxury project and plans over RM1 bil in new launches.
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Mah Sing 2Q net profit rises 9.8% as revenue grows 16%

Mah Sing 2Q net profit rises 9.8% as revenue grows 16%

news

Updated:
  • Mah Sing Group's 2Q net profit rose 9.8% to RM72.47 mil due to higher property sales.
  • The company achieved RM1.32 bil in property sales for the first half of the year.
  • They also plan new developments and a significant land disposal.
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Tanco slips into 4Q loss despite 19% revenue growth

Tanco slips into 4Q loss despite 19% revenue growth

news

Updated:
  • Tanco Holdings Bhd reported a net loss in 4QFY2026 despite higher revenue.
  • The property division's operating loss contributed to this decline.
  • Full-year profit also fell, though revenue increased significantly.
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AME Elite’s 1Q net profit rises 50% on construction growth, property gains

AME Elite’s 1Q net profit rises 50% on construction growth, property gains

news

Updated:
  • AME Elite Consortium's net profit rose 50% in 1QFY2027, driven by construction and investment property gains.
  • Revenue increased 4.4%, despite lower property development contributions.
  • The company expects satisfactory performance, but notes inflationary pressures.
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Sunway 2Q net profit rises 17%; RM9.1b gain lifts 1H earnings

Sunway 2Q net profit rises 17%; RM9.1b gain lifts 1H earnings

news

Updated:
  • Sunway Bhd's 2Q net profit rose 16.7% to RM318.59 mil, driven by strong segment contributions.
  • Revenue increased 13.4% to RM2.91 bil, with property and investment segments performing well.
  • The company declared a three sen dividend and remains optimistic for FY2026 due to diverse growth.
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IOI Properties FY2026 net profit doubles to RM2.15b, revenue hits record RM4.44b

IOI Properties FY2026 net profit doubles to RM2.15b, revenue hits record RM4.44b

news

Updated:
  • IOI Properties Group Bhd's net profit more than doubled to RM2.15 bil in FY2026.
  • Revenue also increased significantly to a record RM4.44 bil for the year.
  • The company declared a total dividend of 16 sen per share for FY2026.
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Tropicana 2Q revenue jumps 158% on land sales; PBT more than doubles

Tropicana 2Q revenue jumps 158% on land sales; PBT more than doubles

news

Updated:
  • Tropicana Corp Bhd's 2QFY2026 revenue surged 157.7% to RM850.77 mil due to land sales.
  • Despite higher PBT, the company reported a net loss of RM17.54 mil.
  • First-half revenue nearly doubled, but PBT fell due to an unrealised loss on shares.
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Varia returns to black in 4Q as FY2026 net profit rises to RM46.5m