Higher profit margin lifts SHL 4Q earnings, pays 6 sen dividend
KUALA LUMPUR (June 1): Property developer SHL Consolidated Bhd's net profit in the final quarter of its financial year 2017 grew 6%, boosted by higher profit margin registered in its property development and construction business.
MRCB ropes in EPF to develop Bukit Jalil land
KUALA LUMPUR (June 1): Malaysian Resources Corp Bhd (MRCB) is partnering with its largest shareholder, the Employees Provident Fund (EPF), to jointly develop three parcels of leasehold land in Bukit Jalil into an integrated development, which will have a potential gross development value (GDV) of RM21 billion over a 20-year period.
LBS Bina still positive on China joint venture
KUALA LUMPUR (May 31): LBS Bina Group Bhd has said it is still positive on its joint venture with China's local investment arm Zhuhai Jiuzhou Group Holdings Ltd, as the company expects to obtain planning and layout approvals for the project within the next few months.
Fajarbaru 3Q earnings surges eight times on property development revenue
KUALA LUMPUR (May 31): Fajarbaru Builder Group’s net profit in the third quarter ended March 31, 2017 (3QFY17) grew close to eight times to RM22.
Malton's 3Q net profit drops 39.7% on reduced property development contribution
KUALA LUMPUR (May 31): Property developer Malton Bhd’s net profit for the third quarter ended March 31, 2017 (3QFY17) dropped 39.
Mulpha 1Q net loss narrows on higher property, investment profits
KUALA LUMPUR (May 31): Mulpha Internatinational Bhd’s first quarter net loss narrowed to RM1.
Auditor casts going concern doubts on Damansara Realty
KUALA LUMPUR (May 31): Damansara Realty Bhd’s external auditor has issued a statement regarding a material uncertainty in the financial statements of Damansara Realty that may cast significant doubt on the company’s ability to continue as a going concern.
AZRB 1Q net profit up 45.7% on improved margin, higher property revenue
KUALA LUMPUR (May 30): Ahmad Zaki Resources Bhd's (AZRB) first-quarter net profit rose 45.
Voir shares rise on possible diversification into construction, logistics
KUALA LUMPUR (May 30): Voir Holdings Bhd shares, which hit a one-year high of 85 sen recently, are back on the uptrend after the group said it is considering diversifying into construction and logistics.
