MRCB sees 70% drop in 2Q profit on lower billings
Construction and property group Malaysian Resources Corp Bhd (KL:MRCB) posted a 70.6% year-on-year fall in net profit for the second quarter on lower construction billing.
Lagenda logs record quarterly property sales; profit down 6.5% on higher admin expenses
Property developer Lagenda Properties Bhd (KL:LAGENDA) logged record quarterly property sales of RM413.4 million in the second quarter, but net profit dropped 6.5% due to lower revenue and higher administrative expenses.
Al-Aqar REIT’s 2Q net income down 2.5%, declares 1.73 sen DPU
Al-Aqar Healthcare Real Estate Investment Trust (Al-Aqar REIT) (KL:ALAQAR), which owns and manages hospitals, wellness and health centres and health colleges, has reported a 2.5% year-on-year fall in its second-quarter net income.
Ivory Properties’ unit under receivership after default
Ivory Properties said Ivory Indah is not a major subsidiary, with its assets making up 15% of the group.
NCT Alliance's major shareholders to inject industrial park developer for RM490 mil in shares, RCPS
NCT Alliance Bhd (KL:NCT) is to acquire its major shareholders’ industrial park developer firm for RM490.26 million in shares and redeemable convertible preference shares (RCPS) to expand its development portfolio into industrial properties.
Paramount cuts sales target to RM1.2b amid market headwinds
Paramount Corp Bhd (KL:PARAMON) has lowered its full-year sales target and scaled back its planned project launches, in a move reflecting the moderating economic outlook and persistent property market challenges, as its second-quarter net profit fell 10.15% year on year.
Maxim Global secures RM126 mil loan to develop 3.24-acre KL Site
Maxim Global Bhd (KL:MAXIM) has secured RM126 million in banking facilities from Alliance Bank Malaysia Bhd (KL:ABMB) to fund a property development project in Kuala Lumpur.
Y&G to acquire RM477m worth of landbank from major shareholder's family
The property developer said it had entered into agreements to acquire 95.02 acres in Sepang for RM206 million and 367 acres in Ujong Permatang, Kuala Selangor, for RM189 million.
EcoFirst unit hit with suit over 12-year delay in obtaining strata titles
A subsidiary of property developer EcoFirst Consolidated Bhd (KL:ECOFIRS) has been sued by purchasers of an apartment development in Seri Kembangan concerning an over-decade-long delay in obtaining strata titles.
Azam Jaya bags RM120.9m job to upgrade Sabah’s Tawau Airport
Azam Jaya Bhd (KL:AZAMJAYA) has secured a three-year contract from the Ministry of Transport for upgrading works for Sabah’s Tawau Airport.
