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Sunrise posts net profit of RM132.9 million

KUALA LUMPUR: Sunrise Bhd posted revenue of RM590.7 million and net profit of RM132.9 million for its financial year ended June 30, 2010 (FYE 2010), compared to revenue of RM803.9 million and net profit of RM156.3 million in the preceding year.

26 August, 2010
E&O launches Quayside’s 2nd seafront tower

KUALA LUMPUR: Eastern & Oriental Bhd (E&O Bhd) launched the second tower of its Quayside seafront condominiums at Tanjung Seri Pinang in Penang on Thursday, August 26.

26 August, 2010
Altered landscape

Late last year, banks reportedly agreed to end a fierce mortgage price war so that they could protect their profit margin. Aside from the removal of zero-moving cost, many banks revised their mortgage rates upward to around BLR -1.8% to BLR -1.9%, up from BLR -2.3% or even BLR -2.4%.

26 August, 2010
US home sales at 15-year lows, stoke recovery fears

WASHINGTON: Sales of previously owned US homes took a record plunge in July to their slowest pace in 15 years, underlining the housing market’s struggle to find its footing without government aid.

26 August, 2010
IJM eyes another RM2b in its order book

KUALA LUMPUR: IJM Corporation Bhd, which already has an order book of RM3.6 billion, is looking to add another RM2 billion worth of jobs into its stable in the current financial year ending March 31, 2011.

IJM’s out-going CEO and managing director Datuk Krishnan Tan said that the company’s presence abroad has helped it with the task of replenishing the order book.

26 August, 2010
UK's Prime Avenue Baltimore Wharf apartments for sale

KUALA LUMPUR: The Dockland's Prime Avenue Baltimore Wharf mixed-use development project in London is looking to sell its first phase of apartments units to Malaysian buyers this weekend during its Aug 28 and 29 sales event in Kuala Lumpur, reveals Henry Butcher Malaysia.

26 August, 2010
Mah Sing net profit up 26.5% to RM29.16 million

KUALA LUMPUR: Mah Sing Group Bhd posted net profit of RM29.16 million in the second quarter ended June 30, 2010, up 26.5% from RM23.04 million a year ago.

It said on Thursday, Aug 26 that revenue jumped 72.8% to RM289.05 million from RM157.23 million. Earnings per share were 3.55 sen versus 3.67 sen.

26 August, 2010