Fiamma Holdings net profit falls 65% on a quarterly basis due to losses from property segment
For the cumulative nine months ended Sept 30, 2024 (9MFY2024) the group posted revenue of RM286.
For the cumulative nine months ended Sept 30, 2024 (9MFY2024) the group posted revenue of RM286.
Revenue for 3Q2024 increased by 80% quarter-on-quarter (“QoQ”) to RM369.
Following the acquisition of a prime parcel of land on Old Klang Road, Radium Global Sdn Bhd, a subsidiary of the group, has launched Radium Arena @ Old Klang Road, a high-rise residential development.
M Aspira is a two-tower serviced apartment project that will occupy a 3.
“We like quality assets, especially spaces that we are very familiar with,” said group managing director Datuk Seri Azmir Merican.
The increase in revenue was mainly contributed by advanced construction work progress from its ongoing projects coupled with commendable take-up of recently launched projects.
The strong sales in the first nine months helped lift Sime Darby Property's cumulative net profit and revenue to record highs.
Chief executive officer Ken Yong Kian Keong said about RM170 million of the sales is expected to come from new large property owners via its new property management system solutions — “PropertyX”.
Teladan has declared its first interim dividend of half a sen per share for FY2024, to be paid on Dec 30.