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MRCB 3Q net profit down on lower revenue from property development, construction segments
MRCB said the decline in revenue was due to much lower contributions from the property development and investment division, as well as the engineering, construction and environment division, following the completion of three major infrastructure construction projects last year and two major property development projects in the first half of 2023 (1HFY2023).
UOA Development earnings down 47% amid lower revenue, higher tax expense
Revenue declined by 34.
IOI Properties stumbles after 1Q net profit declines, but analysts upbeat on outlook
Analysts were unperturbed by its poorer y-o-y performance, as the results mostly met their expectations, while its core net profit had swelled q-o-q thanks to higher share of results from joint ventures and improved contributions from its property investment segment.
Sime Darby Property actively traded after quarterly results beat expectations
Sime Darby Property reported a net profit of RM144.
IOI Properties posts lower 1Q profit on absence of fair value gain, weaker property development earnings
Quarterly revenue slipped 6.
S P Setia to launch Bayu Avenue in Setia Bayuemas on Nov 25
With prices starting from RM1.
Avaland sees net profits surge to RM17.2 mil in 3Q2023
Meanwhile, for the first nine months ended Sept 30, 2023 (9M2023), Avaland also saw its revenue more than double to RM346.
Urban Renewal Act: Is KPKT biting more than it can chew?
A new Act will surely come with its own set of challenges, but is KPKT capable of monitoring it when it has not been able to resolve the current spate of problematic projects? The Ministry of Local Government Development (KPKT) has recently announced that the Urban Renewal Act will be tabled next year.
