KAJANG: Construction and property group Protasco Bhd aims to increase its profit by between 10% and 15% this year, boosted by its construction and maintenance segments, said executive chairman/group MD Datuk Chong Ket Pen.

KUALA LUMPUR: Ho Hup Construction Co Bhd expects its Practice Note 17 (PN17) classification (for financially distressed companies) to be uplifted by next year after the completion of its regularisation plan by October.

KUALA LUMPUR: Gamuda Bhd posted a lower net profit of RM71.4 million for the third quarter ended April 30 of 2013 financial year (3QFY13) against RM138 million in the previous corresponding quarter.

In a filing with Bursa Malaysia yesterday, the group said it achieved a higher revenue of RM905.6 million in the quarter under review, compared with RM705.9 million in 3QFY12.

KUALA LUMPUR: S P Setia Bhd recorded a net profit of RM95.8 million for its second quarter ended April 30, 2013 (2QFY13), 3.6% higher than the RM92.4 million posted in the previous corresponding quarter.

KUALA LUMPUR: The proposed 100km inter-city rail line between Iskandar Malaysia in Johor and Singapore is set to be completed within the next three years, said Malaysia Steel Works Bhd (Masteel) CEO Datuk Seri Tai Hean Leng.

THE practice of architecture is ever evolving. The last decade has seen advances in design, technique and processes, aided by technology. The advancement of technology has in a way changed architecture, and with it, comes a new set of advantages and challenges. This issue had been set to be addressed at the recent DATUM: KL International Architectural Design Conference 2013.

KUALA LUMPUR: KLCC Property Holdings Bhd is eyeing between 6% and 8% growth in operating profit for the 2013 financial year, said CEO Datuk Hashim Wahir.

He said revenue growth would be driven by the restructuring of its real estate investment trust (REIT) and higher contribution from its office segment.

KUALA LUMPUR: UOA Development Bhd has acquired six parcels of freehold land with a total area of 483,322.71 sq ft in Jalan Ipoh, Kuala Lumpur for RM130.33 million.

In a statement to Bursa Malaysia yesterday, UOA said the deal was sealed via a sale and purchase agreement between its wholly owned unit Tiarawoods Sdn Bhd and Ng Kim Khin @ Ng Beh Leow.

PETALING JAYA: TA Global Bhd and Vancouver-based real estate developer Holborn Group confirmed plans to develop the Canadian city's first Trump development, Trump International Hotel & Tower Vancouver.