GuocoLand mulls foray into industrial township development; 3Q earnings drop on higher taxes
The group said this in a bourse filing as it reported a 38.
GuocoLand lodges RM500m medium-term notes programme with SC
The company may also issue sustainability MTNs in compliance with guidelines and standards set by the Asean Capital Markets Forum, the International Capital Market Association, and other relevant sustainability, social, or green bond standards recognised by the SC.
UEM Sunrise partners Singapore-listed GuocoLand to develop properties in Iskandar Puteri
The MOU covers UEM Sunrise’s select plots of land in Gerbang Nusajaya and Puteri Harbour within Iskandar Puteri, they said.
GuocoLand's 1Q net profit more than halves on lower revenue
The company said it will focus on the timely completion of its on-going development projects, monetisation of its inventories and prudent financial management to navigate the evolving market environment.
GuocoLand’s 3Q net profit falls 66%, warns about property oversupply
Looking ahead, Guocoland flagged that the domestic property sector will remain challenging, because of elevated interest rates and rising construction costs.
GuocoLand chairman Quek Leng Chan buys own shares from market at S$1.43 each
He now holds a deemed stake of 850.
GuocoLand's 1Q net profit triples to RM4.8 mil on higher property development and hospitality contribution
Looking ahead, the group acknowledged challenges in the domestic property sector due to higher interest rates, ongoing inflation and an oversupply of properties in different markets and segments.
Guocoland 4Q net profit falls 34% on lower contribution from property development segment, pays 2 sen dividend
The group in a filing with Bursa on Aug 18 said it also saw a lower share of results of associates and joint ventures in the current quarter, mainly due to a share of loss in an associated company resulting from fair value loss on its investment properties.
GuocoLand saw 29.4% higher 3Q earnings even though revenue fell 7.4%
This was due to higher profits from associates and joint ventures, and better gross profit margins from finalisation of development cost in several projects.
