News by M

Fiamma Holdings Bhd (KL:FIAMMA) saw its net profit for the quarter ended Sept 30, 2024 (3QFY2024) decrease by 64.74% on a quarterly basis to RM4.04 million, as its profit before tax (PBT) declined 55.14% in the quarter due to losses at its property development segment.

UEM Sunrise Bhd achieved RM928.5 million in sales year-to-date, representing 93% of its RM1.0 billion full-year sales target, driven by project launches and strategic inventory management.

Radium Development Bhd saw revenue of RM48.5 million in its financial results for the third quarter of the fiscal year ending 2024 (3QFYE2024), reflecting a 3.6% increase compared to RM46.8 million in the same quarter last year.

IOI Properties Group Bhd (KL:IOIPG) has officially relaunched the Putrajaya Marriott Hotel in IOI Resort City last week after completing a RM100 million renovation.

Mah Sing Group Bhd (KL:MAHSING) has unveiled the sales gallery of its RM850-million M Aspira serviced-apartment project in Taman Desa, Kuala Lumpur on Wednesday (Nov 20).

Sime Darby Property Bhd (KL:SIMEPROP) on Thursday said that the company is seeking more assets that would generate recurring income for the real estate developer.

Avaland Bhd has more than doubled its net profit to RM68.2 million in the nine months period ended Sept 30, 2024 (9M2024) from RM28.5 million in the previous corresponding period.

Johor Corporation (JCorp) is investing in a bearing manufacturing facility together with Tianma Precision Sdn Bhd, a subsidiary of Zhejiang Tianma Bearing Group Co Ltd, in Tanjung Langsat Industrial Complex in Johor in a deal worth RM440 million.

Zelan Bhd’s (KL:ZELAN) chief executive officer Mohd Ariff Abd Samat has departed from the post three months after his appointment.

PropNex Malaysia is hosting another open house this weekend (Nov 23 and 24) to allow home hunters to feast their eyes on a number of landed properties (mainly bungalows, semidee units and town houses) located in Kuala Lumpur and Selangor.