Yong Tai net loss swells in 4QFY22 due to whopping RM113.1 mil impairment
Yong Tai explained that the massive FY22 net loss of RM346.
Yong Tai explained that the massive FY22 net loss of RM346.
The improved earnings were partly boosted by a dividend income of RM24.
The real estate developer, which is 60%-owned by businessman Tan Sri Ter Leong Yap, reported that revenue almost doubled to RM122.
Paramount's property division recorded a 57% revenue jump to RM197 million from RM125.
Its construction business was also weighed by higher material and operating costs, including administrative costs and finance costs, the property developer said in a stock exchange filing.
Chin Hin’s expansion into the property development and construction segment in 2021 has also brought in the revenue of RM12.
Sime Darby Property group managing director Datuk Azmir Merican said the company is facing construction worker shortage of at least 50% to fully accelerate property projects to meet the company's planned schedule.
The Special Sustainable Financing Package forms part of Public Bank’s green initiatives to encourage individuals and businesses to reduce their carbon footprint and pursue sustainability.
Rumah Idaman Bukit Jelutong comprises a total of 1,260 units of semi-furnished apartments with a built-up of 1,000 sq ft at RM250,000 each.