Mitrajaya said the property development division posted a pre-tax profit of RM7.29 million in 2QFY17 compared with a pre-tax loss of RM1.35 million in 2QFY16 as revenue surged 145% year-on-year to RM34.88 million.
More infrastructure and affordable housing projects expected in lead-up to GE14 — RAM
RM140 million earnings contribution from the Battersea project.
MMC said it remains positive of its prospects driven by stable performances of its operating companies together with contributions from ongoing construction projects.
The group, which produces and sells firefighting equipment, said the construction contract was awarded by Pencala Jaya Sdn Bhd to its wholly-owned unit, Fitters Construction Sdn Bhd.
Under the Memorandum of Understanding, mTouche and MNC Wireless will form an equity joint venture company to provide financial support to homebuyers of SPNB’s affordable housing project.
The aim is for industry leaders to exchange ideas and best practices in shaping the future of retail.
Looking to launch more properties below RM500,000 in 2HFY17 to meet current market demand.
With more than 1.6 million sq ft of gross floor area, Eco Galleria is one of the components at the developer’s 270-acre Eco Botanic township
Group notes rebound in sub-RM600,000 portion of market.
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