IOI Properties' 3Q profit more than halves on higher interest expense
The group recorded net interest expense of RM100.
The group recorded net interest expense of RM100.
The hotels and resorts segment experienced a 17.
The group’s remaining UK assets could fetch between RM600 million and RM800 million if fully monetised.
Performance driven by strong product mix, improved margins and higher unbilled sales PETALING JAYA (May 28): Sime Darby Property Bhd recorded first quarter ended March 31, 2025 (Q1FY2025) revenue of RM871.
On its outlook, Matrix expects strong long-term growth, supported by continued demand for Sendayan Developments; the launch of Malaysia Vision Valley City (MVV City), a 2,382-acre, RM15 billion integrated project near the planned High-Speed Rail, and ongoing success of Levia Residences in Cheras with a gross development value of RM523 million.
On prospects, Ekovest highlighted steady revenue growth from toll collections on Phases 1 and 2 of the Duke Highway and expects to gain further from the full opening of the SPE Highway.
Revenue for the quarter climbed 17.
IOI Properties also received Certified Green Building Index (GBI) rating under the GBI Non-Residential New Construction: Hotel (NRNC: Hotel) category for its 480-room Moxy Putrajaya that is linked to IOI City Mall, as well as GBI Silver rating for its IOI City Towers 1 and 2.
This follows the recent signing of a Sale and Purchase Agreement between Kwasa Land and ECM Kwasa Damansara Sdn Bhd, a subsidiary of Educ8, for the acquisition of the 11.