MKH gets shareholders' nod to list plantation arm on Main Market
According to the group's filing on Bursa Malaysia, 99.
According to the group's filing on Bursa Malaysia, 99.
The group — comprising KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust (KLCC REIT) — saw quarterly revenue grow 7.
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.
According to Radium, its revenue and profit for the quarter under review came mainly from the Residensi Vista Sentul, Suite Canselor and Residensi Desa Timur projects.
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MRCB said the decline in revenue was due to much lower contributions from the property development and investment division, as well as the engineering, construction and environment division, following the completion of three major infrastructure construction projects last year and two major property development projects in the first half of 2023 (1HFY2023).
These targets will be reached by retrofitting its assets with energy efficient technology, adopting renewable energy, encouraging behavioural change among its staff and using lower-carbon materials, amongst other things.