Selangor Dredging 4Q profit jumps eight times on property revaluation
Selangor Dredging's net profit jumped by more than eight times to RM50.62 million for the fourth quarter ended March 31, 2017, from RM6.26 million a year earlier.
Goldis 1Q earnings double on sale of Renaissance KL
Goldis Bhd saw its net profit more than doubled to RM73.17 million or 12.03 sen per share for first quarter ended March 31, 2017 (1QFY17), thanks to a one-off disposal gain from the sale of Renaissance Kuala Lumpur (KL) Hotel.
Plenitude registers 13% drop in 3Q earnings
Property developer cum hotel operator Plenitude Bhd saw its third quarter ended March 31, 2017 (3QFY17) net profit declined by 13% to RM12.16 million or 3.2 sen per share, from RM13.96 million or 3.7 sen per share a year ago due to the absence of contribution from a Semi-D project in Tebrau, Johor, which was completed last year.
UOA REIT records lower rental income in 1QFY17
UOA Real Estate Investment Trust (REIT)'s first quarter ended March 31, 2017 (1QFY17) net rental income declined by 14% to RM14.70 million, from RM17.03 million a year ago as gross rental fell.
Magna Prima says open to jointly developing Lai Meng school plot
Property developer Magna Prima Bhd is open to all kinds of possibilities in terms of monetising its 1.06ha land along Jalan Ampang in Kuala Lumpur, where the Lai Meng primary school was formerly situated.
Bertam seeks shareholders' nod on JV deal for RM635 mil Sabah project
Bertam Alliance Bhd is seeking shareholders' approval to ratify a joint venture agreement it inked with the owner of 17 parcels of agricultural land, measuring some 24.43 acres in Penampang, Sabah, to develop a residential project with an estimated gross development value of RM635.06 million on the tracts.
Nexgram announces Seychelles firm as joint developer for Angkasa Icon City
Nexgram's wholly-owned subsidiary Nexgram Land Sdn Bhd inked a joint development agreement with ChinaAsian Capital Holding Ltd, the Seychelles company.
Ho Hup expects a ‘fantastic’ FY18
Ho Hup Construction Co Bhd is expecting to post a set of "fantastic" results for its financial year ending Dec 31, 2018 (FY18), driven by sales from projects it will be launching at the end of this year, and receivables anticipated from its joint development with Malton Bhd.
Paramount to launch more properties this year after stellar 1Q sales
Paramount Corp Bhd is looking at launching RM750 million worth of properties this year, from the initial target of RM600 million, following an impressive sales success in the first quarter of this year (1Q17).
IWCity's share price drops further
Iskandar Waterfront City Bhd's (IWCity) share price slips lower by as much as 6.88% or 13 sen to RM1.76 today amidst the uncertainties arising from the Bandar Malaysia project.
