Avaland's 1Q net profit soars to RM21m on higher revenue
Avaland chief executive officer Apollo Bello Tanco said the company looks to sustain its momentum built from last year.
Avaland chief executive officer Apollo Bello Tanco said the company looks to sustain its momentum built from last year.
Its property segment recorded a six-fold jump in profit before tax to RM33.
The group maintained a gross gearing ratio of 0.
The Kuala Lumpur High Court ordered the bank to pay close to RM65,000 in damages to the house buyer, in addition to a sum the court will decide on after assessing the man’s loss of the property and his subsequent loss of reputation on being blacklisted by the Central Credit Reference Information System (CCRIS) and CTOS data system.
DONE DEAL: Bungalow, Damansara Heights, Kuala Lumpur DONE DEAL: Condominium, Menara Bukit Ceylon, Bukit Ceylon, KL A majority of landed properties in Ukay Heights fall in the >8,000 sq ft range, and non-landed properties are sized in the 1,000-1,500 sq ft range.
LBS Bina said the property development segment remained its largest revenue contributor, at 96% or RM327 million of the group’s total revenue.
The diversified group saw its net profit for the quarter ended March 31, 2024 (1QFY2024) rise to RM172.
Lagenda said it entered into a deal on Tuesday to buy the three plots of land from plantation company Hock Lean Rubber Estate Sdn Bhd to expand its land holdings and solidify the group’s position as a developer of affordable townships in Kedah.
DONE DEAL: Bungalow, Damansara Heights, Kuala Lumpur DONE DEAL: Condominium, Menara Bukit Ceylon, Bukit Ceylon, KL Industrial properties around Gelang Patah, Johor, saw a 40.