UOA Development 2Q net profit up on progressive recognition of ongoing development projects
Its quarterly revenue also jumped 12.91% to RM344.33 million from RM304.96 million a year ago.
Its quarterly revenue also jumped 12.91% to RM344.33 million from RM304.96 million a year ago.
Kerjaya Prospek is currently bidding for RM1.5 billion worth of construction jobs, which include infrastructure work and high-rise residential building jobs in the Klang Valley and Penang.
“Our utmost priority is to effectively play our role as the righteous opposition to serve as check and balance to the PH (Pakatan Harapan) government.”
Nonetheless, the group is optimistic of its future prospects.
"We are encouraged by our first half results, despite having expired contracts, we have successfully secured new contracts worth approximately RM80 million in the first half of the year.”
An indirect subsidiary has been given the option to secure a significant plot of land for a solar photovoltaic plant.
The group said it has received a new letter of appointment and notices of termination from MRCB George Kent Sdn Bhd, the LRT3 project delivery partner.
Revenue for the quarter came in at RM39.19 million, down 10.3% y-o-y versus RM43.69 million.
He replaces managing director Teoh Seng Kian, who has tendered his resignation citing other work commitment.
Looking ahead, IGB REIT said it would continue to push its asset enhancement initiatives and to raise on-ground promotional activities for shoppers and visitors...