Matrix Concepts Holdings Bhd's wholly-owned unit Matrix Concepts Sdn Bhd (MCSB) is selling four double-storey properties in Negeri Sembilan in a related party transfer for RM10.4 million.
The Penang government has consented to the removal of BUCG (M) Sdn Bhd from Consortium Zenith BUCG.
Residential condominium project in Hulu Kinta, Perak.
Ivory said the property market remains sluggish with challenging economic environment globally and domestically.
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.
Daiman Development Bhd's net profit for the fourth quarter ended June 30, 2016 (4QFY16) fell 56.36% to RM5.86 million or 2.78 sen per share from RM13.43 million or 6.38 sen per share last year.
UOA Development Bhd's net profit for the second quarter ended June 30, 2016 (2QFY16) surged 80.2% to RM124.2 million or 8.17 sen per share from RM68.9 million or 4.82 sen per share a year ago mainly due to ongoing development projects.
Revenue dropped 12.5% to RM88.7 million in 2QFY16 from RM101.4 million a year ago, its bourse filing today showed.