Eco World Development Group Bhd (EcoWorld)’s quarterly net profit was hit by impairment in the fourth quarter ended Oct 31, 2022 (4QFY2022), as it contracted to RM1.78 million compared with RM42.84 million a year ago.
Teo, who is the son of the group’s late chairman Datuk Teo Chiang Quan, is deemed to have an interest in 178.32 million Paramount shares pursuant to a transmission of these shares on Thursday (Dec 8).
Lee disposed of 810,811 shares in the property developer via off market transactions on Tuesday (Dec 6).
This state government had in August approved the development of the project on 49.92 acres of state land.
Mohammed has been on the company’s board as chairman since December 2013.
SkyWorld Development Bhd is seeking a listing on the Main Market of Bursa Malaysia, according to its prospectus exposure published on the Securities Commission Malaysia’s website on Monday (Dec 5).
Malaysian Resources Corp Bhd (MRCB) registered a net profit of RM23.7 million for the third quarter ended Sept 30, 2022 (3QFY2022), versus RM32.16 million net loss in last year’s corresponding quarter, as revenue jumped 524% year-on-year to RM860 million.
YNH Property Bhd’s net profit slumped 97.07% to RM43,000 for the third quarter ended Sept 30, 2022 (3QFY2022), from RM1.47 million for the same quarter last year, amid completion of the K163 development here.
The resumption of business activities contributed to a hike in revenue, especially in the distribution of building materials and logistics services division, as well as the concrete manufacturing division.
Better earnings for the quarter were attributed to lower expected credit losses on loans, financing and advances as well as other impairments, which were down by 59% from RM249 million in 3QFY2021 to RM103.4 million in 3QFY2022.
The only property app you need. More than 200,000
sale/rent listings and daily property news.
