The stronger sales were attributed to higher contribution from the new AEON Mall Kuching and maiden contribution from the new AEON Mall Nilai, Negeri Sembilan and its other shopping malls that were renovated and expanded. CNP was cushioned by the lower effective tax rate at 45.5% (1H18: 52.0%).
The Klang Valley Light Rail Transit Line 3 (LRT3) project contributed a profit after tax of RM1 million for 6MFY19 compared with RM15 million for 6MFY18 to JV income due to work delays caused by the remodelling of the project to reduce costs.
While Malaysia’s property market remains saddled with various challenges, MKH is expected to perform relatively better given its niche focus on affordable housing in Kajang-Semenyih.
HBA had, in the past, called for the RTO schemes to be expanded to include the middle-income segment or M40 segment.
For city folks in Kuala Lumpur, living amidst nature is something they could only dream of, but just wait until you step into Setia Eco Templer, S P Setia Bhd’s township development located in Templer Park, Rawang, Selangor, just 23km away from the Kuala Lumpur (KL) city centre.
SunCon clinched RM1.54 billion worth of new contracts year to date, including the RM310 million Petronas Leadership Centre project secured recently.
The takeover list of highways includes the North South Highway (PLUS) for RM30.8 billion, Prolintas (RM3.1 billion), Gamuda Bhd (RM5.6 billion) and IJM Corp Bhd (RM2.7 billion).