Research houses said the group's financial earnings for the quarter came in within their expectations, thanks to all segments of the group, particularly its hotel and management segments, showing strong financial performance for the quarter.
According to the group's filing on Bursa Malaysia, 99.
The marginally higher revenue was thanks to STM Lottery's better topline, higher occupancy and room rates reported by its hotels division, and the disposal of land coupled with higher revenue from construction activities by its property development and investment division, which offset lower revenue reported by HR Owen.
The group’s property investment, recreation and resort segment has also seen a significant improvement which is evidenced by the increase in the occupancy rates of the hotels owned by the group.
_1.jpg)
RM251 million gain on disposal of Malaysia Vision Valley land to Sime Darby Property Bhd.
Earnings per share rose to 0.
With prices starting from RM1.
Datuk Tengku Ibrahim Farihaddin Datuk Tengku Feissal, who also serves as the treasurer of Koperasi Kerabat D'Raja Kelantan Al-Muhammadi Bhd, holds several positions in various organisations, including deputy chairman of Koperasi Sri Nilam Bhd, and company director at both Zaman Anggun Sdn Bhd and Anggun Jati Sdn Bhd.
Meanwhile, for the first nine months ended Sept 30, 2023 (9M2023), Avaland also saw its revenue more than double to RM346.
Quarterly revenue, however, rose 5.
The only property app you need. More than 200,000
sale/rent listings and daily property news.
