Tropicana says 4Q net profit down 83% on absence of land disposals, closes FY21 in the red
In 4QFY20, the group benefited from the disposal of two parcels of land in Johor Baru for a combined RM157.4 million.
Latest
Sime Darby Property not ruling out REIT along transformation path
This is after, among others, the creation of an industrial development fund (IDF), which will be part of the investment and asset manager business under Sime Darby Property’s SHIFT 25 business model.
UOA Development 4Q net profit more than doubles, proposes first and final dividend
According to the property developer's filings with Bursa Malaysia on Thursday (Feb 24), revenue however dropped to RM136.45 million in the fourth quarter ended Dec 31, 2021 (4QFY21) from RM194.11 million
IJM Corp 3Q net profit down 33%, sees improvement in 4Q
The group saw its net profit jump three-fold to RM793.42 million for the cumulative nine months ended Dec 31, 2021 (9MFY22) from RM247.76 million a year ago, even though revenue came in lower by 4.7% to RM3.18 billion from RM3.33 billion in 9MFY21 due to lower construction activities as a result of the Covid-19 lockdown.
Sime Darby Property reports full-year profit as new real estate sales tops target
“(For the full year) Sime Darby Property recorded an impressive RM3 billion sales achievement for FY21. This exceeded the group’s FY21 sales target of RM2.4 billion and is a significant 50% year-on-year increase from the previous year,” the company said.
EdgeProp launches LoanReport, Malaysia’s first loan eligibility tool
LoanReport also provides the indicative market price of a property together with a credit report from CCRIS and CTOS. This gives a realistic overview of the user’s eligibility in getting a loan.
Lagenda Properties enters 10-year partnership with Sim Leisure Group
The partnership entails the development of design, construction and operation of recreational parks - to be called ESCAPE Kids, with the aim of elevating leisure areas with exciting and family-friendly attractions.
Matrix Concepts says 3Q profit up 16.7% q-o-q, pays 3.75 sen dividend
Quarterly revenue declined 26.1% to RM233.09 million from RM315.41 million mainly due to lower recognition from the group’s industrial and commercial product
Rimbun Aman @ Seremban 2 records 75% take-up
The 42-acre freehold Rimbun Aman comprises 304 units of single-storey link homes with built-up ranging from 971 sq ft to 1,135 sq ft. It is priced from RM350,000 and has a gross development value of RM125 million.
E&O expects stronger quarters ahead after reversing losses in 3Q
In a virtual briefing of E&O'S latest results, managing director Kok Tuck Cheong said that the two towers of serviced apartments located in Penang have been well-received with a take-up rate of 80% for block A of the project since its soft launch in January 2022.
