Kerjaya Prospek Group Bhd’s (KL:KERJAYA) net profit for the first quarter ended March 31, 2024 grew 14% year-on-year to RM33.55 million from RM29.41 million on the back of a 13% rise in revenue to RM337.14 million versus RM297.25 million.
Real estate developer IGB Bhd (KL:IGBB) said its net profit more than tripled for the first quarter from a year earlier, thanks largely to land disposal gains.
Berjaya Land Bhd (KL:BJLAND) said its net profit surged more than sevenfold for the third quarter ended March 31, 2024 (3QFY2024), attributed to gains from equity disposal and the revaluation of retained equity interest.
In view of the healthy take-up rate of its properties in Penang, Eastern & Oriental Bhd (KL:E&O) plans to launch three new projects in the state with an estimated gross development value (GDV) of RM1.63 billion in 2024 and 2025.
Kerjaya Prospek Property Bhd (KL:KPPROP) plans to launch two new residential projects in the Klang Valley with a combined gross development value (GDV) of RM395 million this year.
All 122 units of Sime Darby Property Bhd's (KL:SIMEPROP) Elmina Ridge 1 (phase one) residential development in the City of Elmina, Shah Alam has been fully taken up.
E&O said revenue for the full year rose to RM422.83 million from RM318.07 million.
Year-on-year quarterly net profit growth remained positive, despite a 17.6% drop in revenue to RM70.25 million in 1QFY2024, as compared to RM85.24 million a year earlier, thanks to an increase in other income logged.
Shares in Southern Score have surged in the past few days, rising 21.5 sen or 46.24% from May 21’s close of 46.5 sen to a record high of 68 sen on Monday.
Fong was previously Rehda Youth chairperson from 2016 to 2018.
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