Aeon Co’s 4Q net profit climbs 31%, flags policy risks ahead
Net profit for the three months ended Dec 31, 2023 (4QFY2023) was RM32.
Net profit for the three months ended Dec 31, 2023 (4QFY2023) was RM32.
Following the acquisition, AMSB will lease the property back from Axis REIT for six years, with a starting monthly rental of RM285,833.
Datuk Azmir Merican: The exchange rate does give us a bit of an impact all the time, because of the price of raw materials [which will be] impacted [by] the exchange rates.
The company completed its Australian projects but still has a “significant” presence in the UK, it noted.
Prime Minister Datuk Seri Anwar Ibrahim said the incentives include an industrial building allowance, a tax exemption for 70% of the statutory income for five years for property developers, and a stamp duty exemption for loan and service agreements.
The property developer declared a second interim dividend of 1.
Pintaras Jaya said some of the projects have already commenced work or will commence in March 2024 with contract periods ranging from three to 15 months.
Ekovest plans to use the proceeds arising from the disposal to reduce its debts and for working capital purposes.
Aside from YTL Power and MCement, YTL Corp has exposure to the hotels segment through YTL Hospitality REIT, where it holds a 55% direct and a 3.
Earlier this year, the group raised RM255.