Tambun Indah up 3.96% on new project plans, dividend
It declared a first interim dividend of 3 sen per share.
It declared a first interim dividend of 3 sen per share.
The group also saw positive contribution from its property development and investment division.
There was an increase in profitability across all its business segments i.e. plantations, manufacturing and property development.
The improved earnings were attributed to the positive take-up of Sunsuria’s residential and commercial developments.
Seal Inc said its wholly-owned subsidiary Seal Properties Sdn Bhd entered into a sale and purchase agreement with Kayangstar Property Sdn Bhd for the disposal.
Within three hours of its 673 units opening for selection.
The group noted that it has secured RM290 million worth of contracts so far, including the most recent RM208.7 million piling and general infrastructure works contract for Light Rail Transit 3 (LRT3).
Tambun Indah warned that the outlook for the property industry continues to be challenging.
The group expects its property sales for this year to match that of the previous year as it continues to focus on affordable residential projects.
After its wholly-owned unit Udapakat Bina Sdn Bhd sold a piece of land to the Kuala Lumpur Land Administrator for the Mass Rapid Transit project.