KUALA LUMPUR: Country Heights Holdings Bhd recorded a 14-fold jump in its net profit to RM18.9 million for its first quarter ended March 31 from RM1.3 million a year ago. Revenue came in at RM85.8 million.

In a statement to Bursa Malaysia, the group said net profit and revenue increased due mainly to higher income from real estate development.

KUALA LUMPUR: DRB-Hicom Bhd’s net profit came in substantially lower at RM70.6 million for the fourth quarter ended March 31 (4QFY13), down 95% from RM1.3 billion in the previous corresponding quarter.

KUALA LUMPUR: With a cash pile of RM1.5 billion, IGB Corp Bhd plans to build properties, such as office buildings and malls that will generate recurring future income.

KUALA LUMPUR: KUB Bhd, tasked with building the runway and taxiways for klia2, said it was not one of the contractors that had caused the delay of the low-cost carrier terminal.

“Malaysia Airports Holdings Bhd (MAHB) has announced that some contractors have been causing delays. I am proud to say KUB is not one of these contractors,” said CEO Datuk Wan Mohd Nor Wan Ahmad.

KUALA LUMPUR: Hap Seng Consolidated Bhd aims to invest between RM300 million and RM500 million in capital expenditure (capex) for its core businesses this year.

Group managing director Datuk Edward Lee Ming Foo said Malaysia’s economic outlook is expected to remain stable, supported by strong domestic consumption and investments.

Mah Sing Group Bhd (May 29, RM3.35)

Bintulu Port Holdings Bhd