For the full financial year ended March 31, 2019 (FY19), its net profit grew 20.85% to RM418.92 million, from RM346.65 million a year ago, buoyed by its property and infrastructure divisions, despite revenue declining 5.2% year-on-year to RM5.66 billion, from RM5.97 billion.
The group currently has 28 Aeon malls and 34 Aeon outlets.
"The property development segment is also expected to contribute positively to the group's earnings moving forward with the encouraging take-up rate in the group's property development project in Genting Permai."
The jump in net profit is attributed to improved contributions from its local tolls and port concessions, with its investment in a toll concession in Argentina also boosting the division.
Defence counsel Harvinderjit Singh, during his cross-examination of former KWAP chief executive officer Datuk Azian Mohd Noh, suggested that none of the personnel in the civil servants' retirement fund were pressured to approve the first RM2 billion loan to SRC.
In a stock exchange filing, ARB said its indirect wholly-owned unit Arbiot Sdn Bhd and IJV Ventures Sdn Bhd have inked a business contract to carry out the project.
The property developer attributed the improved earnings to better performance across all three segments, namely property development, property investment, and leisure and hospitality segments.
In a filing with Bursa Malaysia yesterday, JAKS said the next case management at the High Court here is fixed on June 17.
The Transport Ministry has allowed the company to appeal against the government's earlier decision to scrap the development.
“Any intervention is limited to ensuring an orderly market and avoiding excessive volatility of the exchange rate that may affect macroeconomic stability."