UEM Edgenta swings back to profit in 2Q
It is also worth noting that its financial performance in 2QFY20 was dragged by an impairment recognised for completed property inventories totalling RM50 million.
It is also worth noting that its financial performance in 2QFY20 was dragged by an impairment recognised for completed property inventories totalling RM50 million.
On prospects, Guocoland expects it to be challenging due to reduced consumer capital spending in response to the raging pandemic, coupled with large overhang of unsold properties
Property sales improved substantially to RM707 million in the first half compared to RM151 million in the same period last year, following the spillover of the positive momentum in the second half of 2020
The improved revenue, the group said, was driven by its ongoing property developments
The group said Lai resigned from the position “to pursue other interest”
This follows his disposal of 116.60 million shares or a 12.32% stake in the integrated travel and hotel group on Aug 19.
Quarterly revenue rose 167.7% to RM375.27 million, from RM140.18 million previously, underpinned by higher contribution from the construction and precast segments, as well as the low base effect, the group said in a bourse filing.
Dewan Rakyat Speaker Datuk Azhar Azizan Harun asked MPs to each submit a statutory declaration (SD) to Istana Negara on their choice of candidate to be nominated as the ninth prime minister
BLand said the disposals were carried out via direct business transactions for RM12.55 million at an average price of RM1.87 per share
The group said the freehold land, measuring a combined 405,979 sq ft or 4.67 acres, will be used for the expansion of its third party logistics warehousing and distribution services, which include e-commerce fulfilment and parcel delivery services