Fajarbaru Builder Group’s net profit in the third quarter ended March 31, 2017 (3QFY17) grew close to eight times to RM22.2 million, from RM2.86 million a year earlier, on revenue generated by its property development segment.

Property developer Malton Bhd’s net profit for the third quarter ended March 31, 2017 (3QFY17) dropped 39.7% to RM3.9 million or 0.87 sen per share from RM6.5 million or 1.45 sen per share a year ago due to reduced profit from its property development segment.

Mulpha Internatinational Bhd’s first quarter net loss narrowed to RM1.15 million, from RM3.82 million a year earlier, thanks to higher contribution from its property and investment divisions.

Mudajaya Group Bhd started its financial year 2017 with a net loss of RM26.75 million in the first quarter ended March 31 (1QFY17), no thanks to having to account for its associates' losses, while revenue fell.

LBS Bina Group Bhd’s net profit soared 47% to RM24.77 million in the first quarter ended March 31, 2017 (1QFY17) from RM16.86 million in the previous corresponding quarter.

It draws attention to the RM27m net loss incurred in FY16.

The top three most profitable deals in the week of May 9 to 16 were in prime Districts 9 and 10, and they were for big, four-bedroom units in older developments.

Ahmad Zaki Resources Bhd's (AZRB) first-quarter net profit rose 45.7% to RM6.12 million from RM4.2 million a year ago, on improved margin of construction projects, as well as the inclusion of contribution from the International Islamic University Malaysia (IIUM) Medical Centre facilities management concession.

Maybank Kim Eng Research is turning positive on Singapore’s property developers.

Ekovest Bhd's third-quarter net profit was largely flat at RM11.06 million from RM11.08 million a year ago, mainly due to a one-off expense of RM22.62 million on recognition of fair value adjustment pursuant to the granting of the Employees' Share Option Scheme.