News by theedgemalaysia.com

IJM Corp Bhd's (KL:IJM) net profit for the fourth quarter ended March 31, 2024 (4QFY2024) leapt over 10-fold to RM305.5 million from RM23.1 million a year earlier, thanks to a sharp rise in other operating income.

Lagenda Properties Bhd (KL:LAGENDA) hit limit down during the early trading session on Wednesday and remained there till market close, placing it among the top losers on Bursa Malaysia.

Lagenda Properties Bhd (KL:LAGENDA) said one of its senior personnel was remanded by the Malaysian Anti-Corruption Commission (MACC) under an investigation into the subdivision of Malay reserve land in Manjung, Perak.

Kerjaya Prospek Group Bhd (KL:KERJAYA), which mainly builds homes, is bidding for the construction of data centres and semiconductor factories worth over RM3 billion this year.

Fajarbaru Builder Group Bhd (KL:FAJAR) has bagged an additional contract worth RM15.71 million from the Australian Department of Defence.

SkyWorld Development Bhd (KL:SKYWLD) has embarked on a partnership with Alliance Bank Malaysia Bhd to provide additional financing of up to RM150,000 to homebuyers via the Alliance Bank’s Home Complete product.

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.