MMC Corp sees 43% fall in 4Q profit with slower SSP work progress

KUALA LUMPUR (Feb 25): MMC Corp Bhd posted a 43% year-on-year net profit decline in its fourth quarter ended Dec 31, 2019 (4QFY19), dragged by slower work progress at the Sungai Buloh-Serdang-Putrajaya (SSP) line of the Klang Valley Mass Rapid Transit (KVMRT), following a revision of the contract for the job in November 2018.

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IOI Properties 2QFY20 net profit down 7%

KUALA LUMPUR (Feb 25): Lower contribution from the property development segment dragged down IOI Properties Group Bhd’s net profit by 7% in the second financial quarter ended Dec 31, 2019 (2QFY20).

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