Mah Sing eyes RM2.2b property sales in 2023, proposes three sen dividend for FY2022
Full-year net profit rose to RM180.05 million, from RM160.86 million for FY2021.
Full-year net profit rose to RM180.05 million, from RM160.86 million for FY2021.
Serasi Residences is the first of four phases to be launched within the 25-acre Putra Heights Sentral development, which will comprise residential and commercial components.
He said the Prime Minister Datuk Seri Anwar Ibrahim has signalled through the Budget 2023 that the government is moving in the direction of helping the poor and expecting the high income earners to contribute.
The stronger earnings performance was lifted by recognition of gain on disposal of associates of RM89.02 million, as well as higher revenue incurred for the quarter.
AME REIT said the financial headroom will enable the group to look into exploring future acquisitions within and outside Johor.
Quarterly revenue also surged to RM101.5 million, from RM47.44 million previously.
Earnings per share rose to 5.88 sen from 4.77 sen in 4QFY2021.
Nga said the rates that can be charged for such entities in Malaysia are now one of the lowest in the region.
Quarterly revenue improved 15.57% to RM81.80 million, from RM70.78 million for 3QFY2022, with the property development segment as the major revenue contributor.
Under the MOU, MBAM and CCIWC will work together to advise both members on reducing legal disputes by using mediation as a better alternative to resolve construction disputes.