Avaland tops out Sanderling lakefront condo in Cyberjaya
Sanderling has a gross development value of RM327 million.
Sanderling has a gross development value of RM327 million.
The construction and property development firm’s profitability was attributable to the positive impact of its wholly-owned unit Bina Puri Sdn Bhd’s (BPSB) scheme of arrangement with creditors, which usually involves taking haircuts from the amount owed.
Improved earnings from the property investment as well as leisure and hospitality segments, coupled with the group booking a 19.
The group did not declare any dividend for the quarter under review.
On Thursday, MRCB reported that its net profit for 1QFY2024 plunged 65% year-on-year to RM3 million, due to lower sales and billings, following the completion of two major projects.
MRCB said it plans to focus on boosting cash flow by monetising its unsold completed stock, which amounted to RM342.
Looking to the final quarter of the financial year, IOI Properties said the group is optimistic of a satisfactory performance, adding that its property development segment in the Klang Valley is poised to improve with a strong pipeline of launches while its Johor projects are well-capitalised on various proposed initiatives taking shape in the state.
The integrated construction engineering outfit will undertake the main contract works for Phase 2 and 3 of the development under the contract it received from property developer Fields Of Forest Sdn Bhd (FOFSB).
Among other public-listed companies that have announced their own data centre ventures include YTL Power International Bhd (KL: YTLPOWR) and Sime Darby Property Bhd (KL:SIMEPROP).
OSK said the property, financial services, industries and investment holding segments were the top contributors to tax profits, with the industries and financial services segments recording growth of 59% and 42% respectively, compared to the same period last year.