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Avaland sees net profits surge to RM17.2 mil in 3Q2023

Avaland Bhd  saw its net profits surge to RM17.2 million in the third quarter ended Sept 30, 2023 (3Q2023 from a net profit of RM6.2 million in the previous corresponding quarter, while its revenue in 3Q2023 increased by almost threefold to RM156.2 million from RM56.3 million previously.

Making nature part of the economy

Think City and Yayasan Hasanah, the impact-based foundation of Khazanah Nasional Bhd, co-hosted Mike Rands, a distinguished environment scientist, conservationist and ornithologist (a bird expert), who spoke about how urban green spaces play an important role in a country's economy.

Tropicana to unlock 800-acre landbank with GDV of RM43 bil in Johor

Bursa Malaysia-listed property developer Tropicana Corporation believes it is time to scale up its expansion in Johor, Malaysia. It intends to unlock 800 acres of “premium landbank” with a gross development value (GDV) of RM43 billion ($12.3 billion).

WCT in the red again in 3Q on absence of land disposal gain

Builder-cum-property developer WCT Holdings Bhd has gone back to the red in the third quarter ended Sept 30, 2023 (3QFY2023) with a net loss of RM13.54 million despite stronger revenue compared to a net profit of RM12.49 million a year ago, due to absence of positive one-off items recognised in the previous corresponding quarter — including a land disposal gain.