Mah Sing 4Q net profit climbs 38%, expects stronger earnings ahead
For 2024, the company said it is targeting sales of at least RM2.
For 2024, the company said it is targeting sales of at least RM2.
WCE Holdings updated that the construction of Section 11 of the WCE project has been completed and is currently at the inspection stage.
The net loss in the quarter was mainly due to its subsidiary HR Owen plc reporting a loss, which is attributed to lower revenue coupled with higher operating expenses incurred due to inflationary pressure and the higher depreciation following the completion and full operation of Hatfield Center.
For the full year, CMS’ net profit more than halved to RM115.
According to the property developer’s filing, quarterly revenue climbed 21.
Net profit for the three months ended Dec 31, 2023 (4QFY2023) was RM32.
The company completed its Australian projects but still has a “significant” presence in the UK, it noted.
The property developer declared a second interim dividend of 1.
Pintaras Jaya said some of the projects have already commenced work or will commence in March 2024 with contract periods ranging from three to 15 months.
Aside from YTL Power and MCement, YTL Corp has exposure to the hotels segment through YTL Hospitality REIT, where it holds a 55% direct and a 3.