Chin Hin more than doubles 3Q net profit with newly-acquired subsidiaries
Chin Hin anticipates “steady growth” in the upcoming quarters, supported by the new subsidiaries and “firm performance” across all divisions.
Chin Hin anticipates “steady growth” in the upcoming quarters, supported by the new subsidiaries and “firm performance” across all divisions.
Net profit for the three months ended Sept 30, 2024 (3QFY2024), stood at RM46.
The planned launches during the year with a total estimated gross development value (GDV) of RM459 million include new phases of double-storey houses within Glomac’s established township developments.
“As the national economy is projected to remain in the range of 4.
In the property segment, MRCB is planning some RM1.
Earnings per share rose to 3.
Flagship projects totalling over RM2 billion launched in 2023 are still in the early stages of development, which will significantly bolster the company’s unbilled sales and provide strong revenue visibility moving forward.
The group achieved RM2.
On property outlook, Glomac is cautiously optimistic of the improvement in the property market in the FY2025, amidst ongoing concern over higher construction cost.