“I guess we will be profitable, we will grow, but our profitability may be affected if we do not solve the issues (of higher building material costs and labour shortage),” its managing director Datuk Azmir Merican said in a virtual press briefing on Wednesday (May 25).

Noteworthy:

• Freehold

• Built-up: 4,000 sq ft 

• Land area: 7,922 sq ft

• Unfurnished

• Five bedroom, four bathroom

• Amenities: Primary and secondary schools, MBPJ Hockey Stadium, Arena Rakan Muda, Taman Jaya Lake, mosques, churches and temples, Amcorp Mall, Mid Valley Megamall, The Gardens, Bangsar Village shopping mall

• Accessibility: Federal Highway, New Pantai Expressway (NPE), Jalan Templer, Petaling KTM station

When: March 2022

Chin Hin Group Bhd registered a 73.25% growth in net profit for the first quarter ended March 31, 2022 (1QFY22) to RM26.26 million from RM15.16 million a year earlier due to a gain on disposal of Solarvest Holdings Bhd shares, as well as share of results of associates and joint-venture companies.

Matrix Concepts Holdings Bhd posted a net profit of RM61.08 million for the fourth quarter ended March 31, 2022 (4QFY22), a year-on-year decline of 22.17% from RM78.47 million in line with lower revenue as well as higher administrative and general expenses.

KLCCP Stapled Group reported a net profit of RM161.44 million for the first quarter ended March 31, 2022 (1QFY22), up 10.48% from RM146.12 million in the same quarter last year, amid a rebound in business activities.

The Practice Note 17 (PN17) company Perak Corp Bhd has narrowed its net loss for the first quarter ended March 31, 2022 (1QFY22) to RM1.2 million from RM6.29 million a year ago, due to profit from the sale of land by a former subsidiary under its property development segment.

Noteworthy:

• Freehold

• Built-up: 4,200 sq ft

• Land area: 3,305 sq ft 

• Semi-furnished

• Amenities: Close proximity to educational institutions, supermarkets and Shah Alam stadium

• Accessibility: Federal Highway, New Klang Valley Expressway (NKVE), Guthrie Corridor Highway, Shah Alam Highway (KESAS) and Jalan Lapangan Terbang Subang, and close to Batu Tiga KTM station

When: March 2022

Sime Darby Property Bhd's net profit declined by 21.51% to RM51.84 million for the first quarter ended March 31, 2022 (1QFY22) from RM66.04 million in the same quarter last year.

A Bursa Malaysia filing on Tuesday (May 24) showed that quarterly revenue slid by 4.07% to RM10.57 billion compared to RM11.02 billion a year prior.

In a filing with Bursa Malaysia on Monday (May 23), the group said its wholly-owned subsidiary SCIB Properties Sdn Bhd has accepted a letter of award and acceptance for the engineering, procurement, construction and commissioning contract.