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Paramount’s property division recorded revenue of RM225.

"With the anticipation of normalisation of international travel, the group expects its leisure, hospitality and healthcare segments to benefit from the improving inbound tourism sector.

IJM Corp said it expects a satisfactory performance for the current financial year, supported by the recovery in the Malaysian business landscape despite global headwinds.

Boon Lee joined IGB Corp as an executive director in June 2003, and assumed the role of the CEO of Tan & Tan Developments Bhd from January 2008 until he relinquished the post in January 2019.

"The increase in the gross profit margin was due to the downsizing and disposal of loss-making companies, project management fees generated from property development division, higher volumes of wall panels and AAC (autoclaved aerate concrete) blocks sold to the projects in Singapore .

On prospects, both GenM and Genting remain cautiously optimistic about the near-term outlook of the leisure and hospitality industry and remain positive in the longer term.

Better earnings for the quarter were attributed to lower expected credit losses on loans, financing and advances as well as other impairments, which were down by 59% from RM249 million in 3QFY2021 to RM103.

BLand's improved revenue was also driven by increase in overall occupancy rates by the hotels and resorts business segment, increase in property progress billings by property and investment business segment from its project at The Tropika in Bukit Jalil as well as higher new car sales reported by HR Owen.

This was due to normalization of rental after the end of the rental deferral program on June 30, 2022.

At the operating level, Tropicana recorded profits of RM61.