AME Elite 1Q earnings more than double on stronger property, construction segments
AME Elite said revenue from the property development segment rose 63.
AME Elite said revenue from the property development segment rose 63.
The project, located at Persiaran Simfoni in Symphony Hills, Cyber 9, involves the construction of 64 semi-detached houses measuring 36 by 80 ft and four semi-detached houses measuring 37 by 80 ft.
“This rebound bodes well as it aligns with the 13th Malaysia Plan (13MP) and the National Construction Policy 2030 targets… The 13th Malaysia Plan and the National Construction Policy 2030 sets decisive targets to raise worker productivity, reduce foreign-worker dependence to 15%, [as well as] push for low-carbon infrastructure and smart construction.
Visitors came from not only from Semenyih and Eco Majestic’s townships but also from nearby areas including Ampang, Sungai Buloh, Bandar Rinching, Bandar Mahkota Cheras, Balakong, Bandar Bukit Mahkota, Bandar Tasek Kesuma and Bangi.
Its construction division saw revenue and pre-tax profit jump 79.
The commercial segment, via IGB Commercial REIT, saw revenue expand 14.
Quarterly net rental income rose 3.
West River said the job was awarded by Goodwood Builders Sdn Bhd, the main contractor for the project comprising two blocks of 44-storey suite apartments in Taman Setiawangsa, Kuala Lumpur.
Sierramas, Selangor terrace house sold for RM2.