Sime Darby Property posts RM143.5m net profit in 2Q, declares 1.5 sen dividend
Sime Darby Property said its property development segment continued to be the main revenue contributor, accounting for 93.
Sime Darby Property said its property development segment continued to be the main revenue contributor, accounting for 93.
Quarterly revenue inched up 1.
According to the group, the termination was prompted by recent economic conditions, which led both companies to re-evaluate the proposed transaction and re-examine the parcels of land identified for disposal.
The development will feature two smart warehouses equipped with AS/RS systems, one for advanced cold chain logistics and the other for high-efficiency ambient storage, providing approximately 1.
The space will be used for commercial operations and under International Financial Reporting standards, with the tenancy agreement treated as the acquisition of a right-of-use assets, which Parkson booked at about 14.
The group declared an interim dividend of three sen per share, to be paid on Sept 18.
Revenue for the quarter rose 3.
MBW Innexus is located 6km from Tanjung Langsat Port and 14km from Johor Port, with access to Senai International Airport and Singapore’s Changi Airport.
The land is owned by E&O’s indirect unit, Hammersmith Properties Ltd.