Mitrajaya's 3Q net profit surges 97% on higher construction contribution
Mitrajaya said the significantly better performance for the quarter was due to higher contribution from the construction division and its South Africa investment.
Mitrajaya said the significantly better performance for the quarter was due to higher contribution from the construction division and its South Africa investment.
MRCB saw its revenue for 3QFY15 fall 24.8% to RM374.06 million from RM497.26 million in 3QFY14.
One said to be a China-led consortium, another a Singapore-led one.
According to SDB's filing, the property, which is currently let to HSBC Bank Plc on a 15-year full repairing and insuring lease, will be sold for a total consideration of £13 million.
IOI Properties Group Bhd is acquiring Mayang Development Sdn Bhd and Nusa Properties Sdn Bhd for RM1.58 billion from the Lee family, under a cash and share deal.
Eco World chief executive officer Datuk Chang Khim Wah said the sales gallery for the development is currently under construction, and will be open to the public soon.
The group’s operating companies in Johor include PTP, Johor Port, Senai Airport City, Senai Airport Terminal Services and Seaport Worldwide.
Kenanga Investment Bank Bhd said it was "longer-term positive" on Eco World's land buy, as long as the group was able to secure the right partners, and assumes an associate stake in the project.
Lack of uniform standards had resulted in higher building costs.
In a filing on Bursa Malaysia today, Hektar REIT said its revenue for 2QFY15 was RM30.9 million, up 2.6% from RM30.2 million in 2QFY14