KLK sees 14-fold jump in 4Q net profit on plantation, property boost
The upswing similarly boosted Batu Kawan Bhd (KL:BKAWAN), KLK’s 47.
The upswing similarly boosted Batu Kawan Bhd (KL:BKAWAN), KLK’s 47.
The Mulia Residence, Selangor terrace house sold for RM1.
For the first nine months, the company racked up net profit of RM281.
Overall, the property development segment’s contribution was up 25.
Rising project costs were a recurring theme, with several noting that higher electricity tariffs, operational expenses, labour constraints, and utility charges could erode Malaysia’s competitiveness against regional markets such as Vietnam and Indonesia.
LSH Capital reported a quarterly net profit of RM34.
Quarterly revenue, however, rose 10.
Separately, a highlight of the event was Bell Textron’s showcase of its Bell 505 helicopter, which conducted demo flights over the Semenyih Dam.
IOI Properties’ profit before tax jumped more than five times to RM753.
Under the agreement, VC is granted the right to develop the land, with the project encompassing office and commercial spaces.