Chin Hin’s 1Q net profit doubles on contribution from Signature International, turnaround in property development
Signature International’s better margins boosted Chin Hin’s overall gross profit margin to 18.
Signature International’s better margins boosted Chin Hin’s overall gross profit margin to 18.
Upon completion, the property will be leased back to the seller, Alpha Express, under a 10-year triple net lease at RM195,000 per month, subject to rent reversion for each renewal term.
The contract, which is the first win for the company in 2025, was awarded by Mercu Majuniaga Sdn Bhd.
Judge Roz Mawar Rozain has fixed next Thursday (June 5) to hear the ex parte application which the AGC is expected to also submit.
The joint venture will develop two 25-storey towers comprising 372 serviced apartments, nine retail shops, and six floors of car parks.
For the nine-month period ending March 31, 2025, Berjaya Land widened its net loss to RM87.
The group recorded net interest expense of RM100.
The hotels and resorts segment experienced a 17.
Kerjaya Prospek’s wholly owned unit Kerjaya Prospek (M) Sdn Bhd (KPM) in November last year filed the adjudication against Apple 99 for an alleged unpaid contract for a mixed development project in Melaka, known as "The Apple".
The group’s remaining UK assets could fetch between RM600 million and RM800 million if fully monetised.