News by M

WCT Holdings Bhd's net profit increased 3.7 times to RM33.08 million or 2.64 sen per share in its first quarter ended March 31, 2017 (1QFY17) from RM8.83 million or 0.72 sen per share a year ago, mainly due to strong contribution from the local construction division.

TA Enterprise Bhd posted a net profit of RM83.22 million in its first quarter ended March 31, 2017 — its third consecutive profitable quarter — thanks to higher contribution from its broking, investment holding and hotel operation divisions.

Developers from Singapore, Hong Kong and Malaysia are rolling out global launches of their projects, ahead of punitive property cooling measures effective July 1.

 Shares in Iskandar Waterfront City Bhd saw a surge in investor interest this afternoon.

Anzo Holdings Bhd has entered into a Collaboration Agreement with Captive Max Sdn Bhd for the joint development and construction of a car showroom centre and office tower development in PJ.

ML Global Bhd is placing greater focus on industrialised building system adoption to help ease the shortage of labour in the company.

MPHB Capital Bhd is expanding its property investments to grow the company's earnings.

Capital World is a Johor-based property developer that focuses on creating joint ventures with landowners.

Tropicana Corp Bhd more than doubled its net profit to RM32.52 million or 2.27 sen a share in the first quarter ended March 31, 2017 (1QFY17) from RM15.17 million or 1.05 sen a share a year ago.

Zelan Bhd is still recovering from the pain of the aborted development of the US$250 million (RM1.06 billion) Meena Plaza in Abu Dhabi, United Arab Emirates, in 2015.