IGB Bhd’s net profit jumped to RM85.77 million in its fourth quarter ended Dec 31, 2023 (4QFY2023), over four times the RM18.77 million it made in the same quarter a year ago.
This comes after EVD announced on Jan 11 that the subcontractor, North Line Eng (M) Sdn Bhd, had obtained a judgment in default of appearance against EVDE over the claim.
ETA World provides turnkey design and build solutions of industrial buildings such as factories and warehouses, customising each project based on its customers’ requirements and specifications.
Shares of the loss-making civil and building construction firm opened at nine sen, half a sen lower from its closing price last Friday.
The renewable energy group said its wholly owned indirect subsidiary, Vafe System Sdn Bhd, is buying the additional stake for RM6 million.
The research house projected AME Elite’s earnings to grow 8% y-o-y in the FY2025, and 15% y-o-y in FY2026, to be driven by higher contributions from its flagship development of i-TechValley, coupled with margin expansion.
These measures include the timely publication of its Annual Report 2023 on Oct 31, 2023, to demonstrate its renewed commitment to timely and transparent financial disclosures.
They will jointly develop the main infrastructure for the Silver Valley Technology Park Industrial Hub, and carry out sale of completed industrial lots with main infrastructure on 39 pieces of leasehold land in Hulu Kinta.
As a result, earnings per share for 3QFY2023 came in higher at 3.55 sen compared with 1.38 sen for 3QFY2022.
M Minori is Mah Sing’s inaugural M Series development in the southern region.
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