LONDON: The student accommodation sector is poised to deliver stable and sustainable returns underpinned by its strong performance in September despite a challenging economic backdrop, said global property consultancy Knight Frank's head of student property James Pullan.

KUALA LUMPUR: LBS Bina Group Bhd recorded a net profit of RM4.15 million compared to a net loss of RM1.74 million a year ago in its third quarter (3Q) financial statements ended Sept 30, 2010, the group announced on Tuesday, Nov 30.

Revenue for the quarter under review rose 91% to RM79.713 million from RM41.709 million a year ago.

KUALA LUMPUR: Mahajaya Bhd bought a piece of freehold land in Cheras measuring 9.375 acres from Chong Shee Jan, Chong Shee Leok and Chong Soo Lim for RM15.52  million, the group announced on Tuesday, Nov 30.

The land is currently subject to the category of land use as pertanian ("agriculture") with an express condition of tanaman getah ("rubber trees").

KUALA LUMPUR: UEM Land Holdings Bhd (UEM Land) sold 19.998 acres of land in Johor Bahru to Medini Iskandar Malaysia Sdn Bhd for RM6.53 million, the group announced on Tuesday, Nov 30.

The sale was done via UEM Land's wholly-owned subsidiaries Nusajaya Greens Sdn Bhd (the registered proprietor) and Bandar Nusajaya Development Sdn Bhd (the vendor).

KUALA LUMPUR: Kumpulan Jetson Bhd recorded a net profit drop of 96% to RM87,000 from RM1.998 million a year ago in its third quarter (3Q) financial statements ended Sept 30, 2010, the group announced on Tuesday, Nov 30.

Revenue earned increased 51% to RM42.59 million from RM28.19 million a year ago.

KUALA LUMPUR: Sycal Ventures Bhd recorded a net profit of RM3.44 million up from a net loss of RM1.26 million a year ago in its third quarter (3Q) financial statements ended Sept 30, 2010,the group announced on Tuesday, Nov 30.

Revenue earned rose 83% to RM43.88 million from RM23.996 million a year ago.

KUALA LUMPUR: Ahmad Zaki Resources Bhd (AZRB) recorded an increase in net profit by 43% to RM7.95 million from RM5.58 million a year ago in its third quarter (3Q) financial statements ended Sept 30, 2010, the group announced on Tuesday, Nov 30.

Revenue earned, on the other hand, dropped 19% to RM130.396 million from RM161.82 million a year ago.

KUALA LUMPUR: Satang Holdings Bhd sold its freehold Bukit Jelutong land measuring about five acres to Mega Regal Development Sdn Bhd for RM18 million, the group announced on Tuesday, Nov 20.

The group decided to sell the land because land is not expected to contribute materially to the business of Satang Holdings in the future as the group does not have plans to develop the land.

KUALA LUMPUR: Techpark@Enstek, the 524-acre technology park in Bandar Enstek, has envisaged becoming Southeast Asia's biotechnology hub by 2020.

NUSAJAYA: Iskandar Malaysia has received an additional allocation of RM700 million to develop various infrastructure at the development corridor for the next two years.