IGB Bhd’s net profit for the third quarter ended Sept 30, 2023 (3QFY2023) rose 21.33% to RM58.03 million from RM47.83 million in the corresponding quarter a year earlier, as it recorded higher contributions from all operating segments except for the property development segment.
Noteworthy:
When: May 2023
“Many developers have fulfilled the necessary requirements of advertising the Bumiputera units for sale over the required number of times for the required period, and sales to Bumiputera are still not forthcoming."
... mainly due to higher finance cost arising from borrowings made to acquire a concession business.
They will jointly develop the main infrastructure for the Silver Valley Technology Park Industrial Hub, and carry out sale of completed industrial lots with main infrastructure on 39 pieces of leasehold land in Hulu Kinta.
Malaysian Resources Corp Bhd (MRCB) reported a net profit of RM1.46 million or 0.03 sen in the third quarter ended Sept 30, 2023 (3QFY2023), down 93.84% year-on-year from RM23.70 million or 0.53 sen a year ago.
Sime Darby Property Bhd announced its goal to reduce Scope 1 and Scope 2 emissions by 40% by 2030 and achieve net zero emissions by 2050 on Monday.
UOA Development Bhd’s net profit dropped by 47% year-on-year for the third quarter ended Sept 30, 2023 (3QFY2023), in line with a lower set of quarterly revenue, coupled with higher tax expense.
OSK Holdings Bhd's net profit grew 9% to RM123.03 million for the third quarter ended Sept 30, 2023 (3QFY2023), from RM112.85 million a year earlier, as earnings improved across its industrial manufacturing, hospitality, and financial services businesses.
IOI Properties Group Bhd's share price fell 6.36% or 11 sen to an intra-morning low of RM1.62 after it reported a 72.8% decline in its net profit for the first quarter ended Sept 30, 2023 (1QFY2024), owing to an absence of a substantial fair value gain compared with a year ago.
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