NWP has been posting losses since 2006.
The property group said in a statement on Bursa Malaysia yesterday (June 28) that to date, the group has sold approximately 85% of the 1,661 units launched for Battersea in three phases.
Executive director confident of securing potential projects.
Bandar Malaysia Sdn Bhd has obtained funding for its massive project with the setting up of a fund backed by leading Chinese and Malaysian banks, with an asset base exceeding US$13 trillion.
Effective January last year, commercial banks are allowed to revise their reference rates (both BR and BLR).
The contract comprises main building works for three blocks of apartments ranging from 21 to 25 floors and a car park podium with two floors.
I-Bhd, whose first-quarter net profit jumped 50% year-on-year, expects to perform better for the financial year ending Dec 31, 2016 (FY16).