Higher tax expense drags Ekovest into the red in 2Q
On a segmental basis, Ekovest’s revenue from property development tumbled 86.
On a segmental basis, Ekovest’s revenue from property development tumbled 86.
The property segment also saw an increase of 33.
Quarterly revenue rose 26.
In a note on Thursday, the research house said AME Elite's stronger earnings were driven by higher contributions from its property development, engineering, and property investment segments.
For the full-year, Hap Seng’s net profit fell 15.
The group said its lower profit for the year and quarter under review were due to higher staff costs, bank facility charges and marketing promotional expenses.
For its property-related businesses, the group remained vigilant in the timing of the new launches and challenges associated with sales, in view of the global geopolitical conflicts and the macroeconomic inflationary impacts on construction, material, and labour costs.
For its full FY2023, Tropicana narrowed its net loss to RM174.
UOA Development said new property sales during the year totalled RM827.