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GUH Holdings to launch Kepayang Commerce Square in Seremban

KUALA LUMPUR: GUH Holdings Bhd is set to launch its 10-acre Kepayang Commerce Square in Seremban on Saturday, Nov 27. Kepayang Commerce Square is situated within its 500-acre freehold Taman Bukit Kepayang, just 100 metres away from the Kuala Lumpur – Seremban Highway interchange.

UAE property developer files for bankruptcy, reports FT

DUBAI: Al Murjan Real Estate, developer of a US$3 billion housing project in the United Arab Emirates, has filed for bankruptcy after running into financial difficulties, the Financial Times reported on Nov 24.

Daiman net profit up 19.6% to RM12.8m for 1Q

KUALA LUMPUR: Daiman Development Bhd's net profit rose 19.6% to RM12.8 million for its first quarter (1Q) ended Sept 30, 2010, from RM10.7 million on sale of properties and building materials.

In a filing to Bursa Malaysia on Wednesday, Nov 23, the group posted slightly lower revenue of RM35.4 million, compared with RM35.9 million a year ago.

Perak Corp net profit up to RM3.6m for 3Q

KUALA LUMPUR: Perak Corporation Bhd's net profit crept up to RM3.6 million for the third quarter (3Q) ended Sept 30, 2010, from RM3.3 million a year ago despite lower revenue, it said in a filing to Bursa Malaysia on Wednesday, Nov 23.

Its revenue fell to RM21.13 million from RM23.44 million a year ago.

KSL Holdings 3Q net profit up 13.9% to RM15.57m

KUALA LUMPUR: KSL Holdings Bhd has posted a net profit of RM15.57 million for its third quarter ended Sept 30, 2010, up 13.9% from RM13.6 million a year ago despite lower revenue.

In a filing to Bursa Malaysia on Wednesday, Nov 23, the group posted revenue of RM40.4 million, down 26% from RM54.6 million.

Its earnings per share stood at 4.03 sen from 3.88 sen a year ago.