Its revenue, however, fell 34.49% to RM388.24 million from RM592.63 million a year ago. 

These assets are currently held by its subsidiaries.

This marked the third time the group incurred losses in the last two years. 

Compared to the preceding quarter, the group’s net profit increased 49.3% from RM6.13 million. 

Its quarterly revenue, however, increased slightly by 3.68% to RM1.07 billion from RM1.03 billion. 

Quarterly revenue fell 42% to RM826.27 million, from RM1.42 billion last year, mainly contributed by its UK and Egypt operations (RM406 million), US and Bahamas operations (RM364.2 million) and Malaysia operations (RM17.7 million).

Also contributing to the weaker quarter was its share of losses from joint ventures and associates, in particular from the Meizhou Wan power plant in China. 

In line with our new direction, we will be stopping the EdgeProp Malaysia’s weekly – you are now reading its final edition. Rest assured however, that in the days ahead, our portal – www.edgeprop.my – will be an even more compelling destination for everything property, one that anyone who has an interest in real estate could not afford to ignore.

Besides property development, Kerjaya Prospek is also involved in the construction business and furniture manufacturing operations, according to the company's financial report for the third quarter ended Sept 30, 2021 (3QFY21).

This lowered its earnings per share to 6.21 sen from nine sen previously, according to the Seremban-based property developer’s filing with the local bourse on Thursday (Nov 25).