News by theedgemarkets.com

UEM Sunrise Bhd posted a net profit of RM20.35 million or 0.4 sen per share in the third quarter ended Sept 30, 2022 compared to a net loss RM50.38 million or 1 sen per share in the same period last year on improved revenue contribution from the property development segment.

The first contract is for the construction of a new chip assembly and testing facility with a value of RM341.39 million, while the second contract is for the construction of a 45-storey Maritime Signature commercial tower located at Karpal Singh Drive in Georgetown, valued at RM80.79 million.

This is the 11th consecutive quarter of loss for the group since 3QFY20.

The group’s unbilled sales stood at RM1.4 billion as at Sept 30, 2022, providing earnings visibility over the next 12 to 15 months.

Gamuda Bhd has announced a special interim dividend of 38 sen per share, just over a month after the engineering, property and infrastructure company successfully completed its divestment of four of its highways to Amanat Lebuhraya Rakyat Bhd (ALR).

Looking ahead, SunCon foresees its precast segment will contribute more to the group's financials in the near future with the integrated construction and prefabrication hub plant targeted to be commissioned by December this year.

Pavilion Bukit Jalil mall, located in Bukit Jalil, has a net lettable area of 1.8 million square feet. The mall houses five levels of retail space, two levels of basement parking with 4,800 car park bays and a piazza.

Previously, the short-term lease was a major factor making investing in KLIA Aeropolis less attractive, as MAHB could only grant investors leases until 2034, coinciding with the end of its concession to operate KLIA.

Lagenda Properties Bhd saw its third quarter net profit decline 21.54% to RM35.73 million from RM45.54 million a year earlier, mainly due to upfront costs incurred in preparation for future project launches and the provision for prosperity tax.

The property, known as The Heritage Tower @ Mines Wellness City, has a gross floor area of 29,886 sq metres and a net lettable area of about 14,167 sq metres