Ekovest Bhd (KL:EKOVEST) reduced its net loss to RM9.75 million for its third quarter from RM11.11 million a year earlier, on reduced deferred tax expense and higher revenue from toll operations and property development.
Noteworthy:
When: January 2025
Lagenda Properties Bhd (KL:LAGENDA) posted a 4.4% year-on-year (y-o-y) increase in net profit for the first quarter, thanks to earnings recognised from elimination adjustments.
Sentral REIT (KL:SENTRAL) is acquiring 38 stratified retail units and 1,432 parking bays in the Arcoris Plaza Development in Mont’Kiara, Kuala Lumpur, from UEM Sunrise Bhd (KL:UEMS), for RM70 million cash.
IOI Properties Group Bhd (KL:IOIPG) announces that its IOI City Mall Phase 2 has received Certified Green Building Index (GBI) rating under the Non-Residential New Construction: Retail (NRNC: Retail) category, making it the largest mall in Malaysia to obtain GBI certification to date.
Kwasa Land Sdn Bhd, the master developer of Kwasa Damansara, is partnering with Educ8 Group to develop an education facility spanning 11.6 acres in Kwasa Damansara, Selangor.
Radium Development Bhd aims to make quality, private healthcare more accessible to tier two towns and communities in Melaka.
There are two neighborhoods that share the space of Petaling Jaya’s SS20: Damansara Utama and Damansara Kim.
“As land in Klang Valley becomes scarcer, investors and business owners should seize the opportunity to buy industrial property as soon as possible to avoid future business expansion costs,” said The Roof Realty Sdn Bhd senior negotiator KC Lim.
Al-Aqar Healthcare Real Estate Investment Trust (Al-Aqar REIT) (KL:ALAQAR) reported a 3.7% decline in net income to RM15.80 million for the first quarter ended March 31, 2025 (1QFY2025), compared to RM16.41 million in the same period last year, primarily due to a loss of income from the disposal of the Damai Care & Wellness Centre and higher manager's fees.
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