Noteworthy:
When: June 2023
Themed “Resilient Urbanisation: Planning Towards Malaysia MADANI”, the 14th series of WCSC will drive conversations to better handle, adapt and prepare for future shocks covering the main areas of economy, environment, governance and society.
The programme provides nomad passes to foreign or local recipients, allowing them to travel and work remotely at MDEC’s nomad-ready hubs around Malaysia.
The company said quarterly revenue rose to RM397.44 million, versus RM334.66 million a year ago.
The property group recorded losses from its BPS JV, which widened to RM46.7 million for the first half ended June 30, 2023 (1HFY2023), compared with RM7.1 million losses for 1HFY2022, due to higher interest charges.
The group's quarterly revenue gained 14.3% to RM1.23 billion in 1QFY2024 from RM1.07 billion in 1QFY2023, driven by topline improvement across its businesses.
From this, a net profit of RM42 million, equivalent to 7.32 sen per share, was derived.
Mismatched expectations between show units and actual units have become fertile grounds for contention between developers and purchasers.
UEM Sunrise Bhd will be exiting the South African market with the proposed disposal by its indirect wholly owned subsidiary UEM Sunrise South Africa Proprietary Ltd of an 80.4% stake in Roc-Union Proprietary Ltd and claims of total shareholder advances worth 118.4 million rand (RM29.5 million).
IOI Properties Group Bhd closed its financial year ended June 30, 2023 (FY2023) with net profit doubling to RM1.39 billion from RM686.74 million in FY2022, thanks to a 26% increase in operating profit in its property investment portfolio and a fair value gain that contributed RM716.8 million, while revenue was largely unchanged at RM2.59 billion.
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