YTL Corp posts flat 3Q net profit
YTL Corp Bhd’s net profit was flat at RM414.14 million in the third quarter ended March 31, 2023 (3QFY2023) from RM414.61 million a year before.
More questions raised by Bursa Securities on YNH Property’s RM170 mil land disposal to Sunway
YNH Property Bhd’s land deal with Sunway Group Bhd seems to have hit a stumbling block as Bursa Securities has raised more questions on the transaction.
MBSB earnings up 27.3% on lower expected credit losses and opex
Malaysia Building Society Bhd (MBSB) saw its net profit increase by 27.3% to RM74.13 million or 1.03 sen per share in the first quarter ended March 31, 2023 (1QFY23), from RM58.21 million or 0.81 sen per share a year ago, mainly due to lower expected credit losses and lower operating expenditure.
Berjaya Land returns to black in 3Q amid higher revenue
Berjaya Land Bhd (BLand) posted a net profit of RM4.05 million in the third quarter ended March 31, 2023 (3QFY2023), versus a net loss of RM7.44 million a year earlier, on the back of higher revenue.
Sime Darby Property’s industrial growth strategy bolstered via RM618 mil land acquisition
Sime Darby Property Bhd has announced its proposed acquisition of three parcels of freehold land totalling 948.8 acres in Kapar, Klang for RM618 million, which has been approved by shareholders at its extraordinary general meeting (EGM) on Wednesday (May 24).
MCT returns to the black with 1Q net profit of RM136k
MCT Bhd returned to profitability in the first quarter ended March 31, 2023 (1QFY2023) with net profit RM136,000, versus net loss RM12.19 million a year earlier, on the back of higher property sales.
Sime Darby Property’s 1Q net profit up 17% to RM60.67 mil
Sime Darby Property Bhd’s net profit for the first quarter ended March 31, 2023 (1QFY2023) rose 17% to RM60.67 million from RM51.84 million previously, mainly contributed by its property development segment.
Kerjaya Prospek confident in defending profit margin this year
Construction firm Kerjaya Prospek Group Bhd anticipates that its profit margins will remain steady in the current year in comparison to the previous year, because of lower building material costs and a selective approach to which jobs the company tenders for.
Sunway 1Q profit rises 4% supported by property investment and healthcare segments
Higher contributions from property investment and healthcare segments lifted Sunway Bhd’s first quarter net profit by 3.76% to RM141.64 million from RM136.51 million a year ago. This more than offset the lower profit contributions from the other business segments, the group said.
Landowner secures appeal to call four witnesses in Penang 1MDB suit on Air Itam estate
The Court of Appeal on Wednesday (May 24) has allowed the appeals of 68-year-old landowner Tan Jiak Chye to subpoena four people to testify in his RM330 million suit against 1Malaysia Development Bhd (1MDB) and 1MDB’s counterclaim of RM6 million on him in relation to the Air Itam estate.
