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Matrix Concepts FY17 net profit up 28.9%; plans RM1.4b new launches

Matrix Concepts Holdings Bhd recorded a 28.9% increase in net profit to RM187.8 million for its full financial year ended March 31, 2017 (FY17), from RM145.7 million in FY16, on increased new sales of its residential properties in Negeri Sembilan and Johor.

Ekovest in spotlight on IWCity cue

 Ekovest Bhd fell as much as five sen or 4% on profit taking today after the construction and property group's shares rose yesterday on bargain hunting.

IWCity resumes uptrend in active trade

Iskandar Waterfront City Bhd shares resumed their uptrend in active trade this morning after a frenzy of buying interest in the stock in afternoon trading session pushed up its share price by 29.9%, or 49 sen, yesterday.

Profit of S$5.4 mil at The Balmoral

Seven private non-landed houses were sold for a profit of more than S$1 million (RM3.1 million) each in the week of April 18 to 25.