Kerjaya Prospek posts 14% in 1Q net profit, declares 2.5 sen dividend
The construction outfit said the increase in revenue for the current quarter under review was mainly because progress of construction work activities has improved.
The construction outfit said the increase in revenue for the current quarter under review was mainly because progress of construction work activities has improved.
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.
Its group managing director Datuk Azmir Merican Azmi Merican said the group’s financial result for the first quarter ended March 31, 2024 (1QFY2024) serves as a strong testament to the effectiveness of having a good product mix as a tool to fortify margins.
Core net profit for the first three months ended March 31, 2024 (1QFY2024) accounted for 29% of consensus’ full-year estimates, which was above expectations, as analysts noted that SimeProp usually reports stronger results in the second half.
Revenue more than doubled to RM3.
The group’s Iskandar Malaysia projects outperformed strongly with RM723 million sales achieved, representing 57% of total year-to-date sales.
The property developer declared a second interim dividend of 1.
Revenue declined by 34.