News by theedgemarkets.com

Its property segment saw a 55% drop in pre-tax profit to RM26.5 million, as revenue fell 21% to RM175.1 million, mainly because projects launched in 2021 are at their initial stages of construction and have not reached the revenue and profit recognition threshold.

BDB said the division posted a pre-tax loss of RM3.9 million in the current quarter under review compared with a pre-tax profit of RM700,000 a year ago, due to lower margins from construction activities and road paving works.

"M333 St Kilda is our third project in Australia, following M.Carnegie and M.Greenvale that have been fully sold since they were launched in 2016 and 2019 respectively. Due to the good response of our previous projects, we are confident that there will be demand for M333 St Kilda. The construction works of the project will start in end-2022 and is expected to be completed in the fourth quarter of 2024," said Matrix Concepts chairman Datuk Mohamad Haslah Mohamad Amin at the exclusive preview of M333 St Kilda.

The interchange is located at the intersection of Lebuh Puteri and Persiaran Puteri, which is in front of IOI Galleria @ Puchong. The length of the 2-phase project is 2.35km and involves a total investment of RM90 million, which was wholly-funded by IOI Properties to improve traffic flow and connectivity in Bandar Puteri Puchong.

The group's revenue grew 10.73% to RM168.1 million from RM151.81 million, its bourse filing showed. Earnings per share rose to 0.81 sen from 0.37 sen. No dividend was declared.

The group's revenue jumped to RM6.17 billion from RM4.22 billion, its bourse filing showed. Earnings per share improved to 3.78 sen per share, from 0.21 sen per share.

Sunway’s property development segment reported a 13.2% year-on-year (yoy) increase in profit before tax (PBT) to RM23.41 million, due to higher progressive profit recognition from its Singapore private condominium projects, which offset lower profit contribution from local development projects.

This resulted in lower earnings per share of 7.58 sen for FY22 compared with 8.35 sen for FY21.

In a bourse filing on Thursday, Mulpha said its indirect wholly-owned unit Pindari Capital Capri Retail Pty Ltd (PCCR) — in its capacity as trustee for Capri Retail Trust — has entered into a contract of sale with Capri On Via Roma Pty Ltd (in its capacity as trustee for Capri Enterprises Unit Trust) for the transaction.

In a Bursa Malaysia filing on Thursday (May 26), the group also announced its highest quarterly revenue ever after it increased by 11.88% to RM300.59 million from RM268.67 million a year earlier, underpinned by progress in construction work activities.