Land & General's 2Q earnings jump on better showing by property, education segments
Net profit for the group's second quarter ended Sept 30, 2025 (2QFY2026) stood at RM14.
Net profit for the group's second quarter ended Sept 30, 2025 (2QFY2026) stood at RM14.
For total purchase consideration of RM44.
Park Place @ ParkCity, Kuala Lumpur condo unit sold for RM2.
Net profit, excluding extraordinary items, has reached about 80% of the consensus full-year forecast with just one quarter left before the year ends, prompting revisions of estimates.
KLCCP's office division was the largest revenue contributor in the quarter with RM146.
The strong quarterly performance also boosted its nine-month results to a record high, with net profit more than doubling to RM243.
The job, awarded by ANS Development Sdn Bhd, commenced on Nov 10 and is scheduled for completion on Aug 21, 2028.
“We have room for expansion and at the right time when we need the money and the timing is right we will go and tap the sukuk market,” group managing director and chief executive officer Datuk Seri Azmir Merican said.
The 240,000 sq ft neighbourhood mall, which opened with a mix of lifestyle, wellness and F&B tenants, has reached about 90% occupancy and is drawing steady visitor traffic despite the usual teething issues associated with new retail centres.
The industrial segment led contributions with RM1.