SDB attributed the lower quarterly revenue to completion of the group’s Windows On The Park project in Bandar Tun Hussein Onn here.

The softer performance was despite a 70% improvement in quarterly revenue to RM264.05 million from RM155.57 million in the previous year.

Damansara Realty Bhd, controlled by Johor-based Seaview Holdings Sdn Bhd with a 51% stake, said its group chief executive officer Mohd Fazlin Shah Mohd Salleh has resigned after just one year "to pursue his other personal interest".

The project is undertaken by Tropicana Ivory Sdn Bhd, a 55:45 joint venture between Tropicana Corp Bhd and Ivory Properties Group Bhd.

AISB said the proposed disposal provides an avenue for it to unlock and realise the value of these lands.

Matrix Concepts said the strong performance was mainly the result of higher revenue from the sales of both residential and commercial properties.

MKH said the increase in the company's pre-tax profit and revenue was mainly due to the property and construction divisions – from current and fresh development projects.

Genting’s leisure and hospitality business in the UK recorded higher revenue mainly due to the implementation of revised marketing strategies for international markets.

MRCB plans to continue focusing on trimming net gearing and growing its property development and investment, and construction, engineering and environment segments.

The weaker earnings was due to the doubling of administrative, selling and marketing expenses, and higher finance costs, besides a loss of RM5.5 million from a discontinuing operation — compared to a RM99.3 million gain in 4QFY15.