Sunsuria 3Q earnings up 17% as property sales momentum rises
The real estate developer, which is 60%-owned by businessman Tan Sri Ter Leong Yap, reported that revenue almost doubled to RM122.
The real estate developer, which is 60%-owned by businessman Tan Sri Ter Leong Yap, reported that revenue almost doubled to RM122.
Paramount's property division recorded a 57% revenue jump to RM197 million from RM125.
UEM Sunrise’s chief executive officer Sufian Abdullah said the possibility of another overnight policy rate hike is unlikely to have a significant impact on sales or sentiment.
Its property investment segment recorded a PBT of RM53.
This compares to the net loss of RM7.
SunCon group managing director Liew Kok Wing said barring any unforeseen circumstances, the group is cautiously optimistic about registering positive growth in FY22, supported by a strong existing outstanding order book.
DONE DEAL: Residential land at Taman Bukit Suria, Kajang, Selangor DONE DEAL: Office unit at Plaza Conlay, Kuala Lumpur This bungalow unit at Jalan Pelangi Pagi is located in the quiet and peaceful enclave of Country Heights Kajang (also known as The Beverly Hills of Malaysia), surrounded by lush greenery.
KUALA LUMPUR (Aug 22): Southern Score Sdn Bhd, a construction management services company, is set to be acquired by G Neptune Bhd as part of the latter's proposed regularisation plan.
The group said its indirect wholly owned subsidiary, UEM Sunrise South Africa Proprietary Ltd, signed an agreement on Friday (Aug 19) to sell the stake, together with claims, to Olive Investment Trust.
The disposal of the freehold land, measuring 6,658 sq m, is part of the company's plans to streamline its operations by focusing on its core business of aluminium smelting and channelling the proceeds towards its daily operating activities, it said in a filing with Bursa Malaysia.