News by M

Matrix Concepts said the strong performance was mainly the result of higher revenue from the sales of both residential and commercial properties.

MKH said the increase in the company's pre-tax profit and revenue was mainly due to the property and construction divisions – from current and fresh development projects.

MRCB plans to continue focusing on trimming net gearing and growing its property development and investment, and construction, engineering and environment segments.

The weaker earnings was due to the doubling of administrative, selling and marketing expenses, and higher finance costs, besides a loss of RM5.5 million from a discontinuing operation — compared to a RM99.3 million gain in 4QFY15.

YTL Corp expects its construction, information technology and e-commerce related business, cement manufacturing and trading, property investment and development, management services and others, and its hotels segments to post satisfactory performance in FY17.

Sold for: RM2 million (RM738 psf); Concluded by: May Hwa (REN 02007) of Reapfield Properties Sdn Bhd (017-249 1112); When: Feb 2016

Eco World Development Bhd was named the ‘Best of the Best Employers’ by global talent consultancy Aon Hewitt, at the Aon Best Employers — Malaysia 2016 awards.

S P Setia Bhd’s unit, Setia EcoHill Sdn Bhd, has inked an agreement with R.E.A.L Education Group Sdn Bhd to have its early childhood education provider R.E.A.L Kids set up a centre at Setia EcoHill in Semenyih.

Even with 2,492 acres of land already in hand, Mah Sing Group Bhd has hinted at its desire to continue amassing land or seeking more joint venture initiatives to develop more homes in the future.

The latest data from the Statistics Department shows that the inflation, as measured by the Consumer Price Index (CPI), eased further to 1.1% y-o-y in July from 1.6% y-o-y in June. The reading came in slightly below consensus expectations of a 1.2% increase.