Higher profit margin lifts SHL 4Q earnings, pays 6 sen dividend
SHL Consolidated Bhd's net profit in the final quarter of its financial year 2017 grew 6%.
MRCB ropes in EPF to develop Bukit Jalil land
Fund will invest RM1.14 bil in JV that owns 76 acres of land.
IWCity’s 1Q net loss widens over 11 times on one-off expense
Iskandar Waterfront City Bhd saw its first-quarter net loss widen to RM56.46 million from RM4.8 million a year ago.
Iris falls 9.1% on posting largest net loss to date
Due mainly to a one-off non-cash impairment arising from the group’s corporate restructuring plan.
Slump in construction drags Vivocom's 1Q profit down 74%
Vivocom International Holdings Bhd's net profit fell 74% to RM5.24 million in the first quarter from RM19.87 million a year ago, as it recorded a slump in construction revenue.
Ascott Residence Trust acquires Doubletree by Hilton hotel in Manhattan for S$148 mil
Ascott Residence Trust (ART) is acquiring DoubleTree by Hilton Hotel New York – Times Square South for US$106 million (S$148.4 million or RM454.2 million), a 224-unit freehold property located on 36th Street in Midtown Manhattan.
Hap Seng eyes more acreage in Sabah
Meanwhile, the group expects to launch properties with total gross development value of RM1.86 billion this year, including its Akasa Cheras development launched earlier this year, affordable Rumah Selangorku homes in Puchong, and projects in Sabah.
MKH’s 2Q net profit falls 10.8% on lower revenue, slowing property and construction segment
MKH Bhd has reported lower net profit and revenue for its second quarter ended March 31, 2017.
Fajarbaru 3Q earnings surges eight times on property development revenue
Fajarbaru Builder Group’s net profit in the third quarter ended March 31, 2017 (3QFY17) grew close to eight times to RM22.2 million, from RM2.86 million a year earlier, on revenue generated by its property development segment.
Malton's 3Q net profit drops 39.7% on reduced property development contribution
Property developer Malton Bhd’s net profit for the third quarter ended March 31, 2017 (3QFY17) dropped 39.7% to RM3.9 million or 0.87 sen per share from RM6.5 million or 1.45 sen per share a year ago due to reduced profit from its property development segment.
