AME Elite's 2Q net profit rises fourfold to RM45.8m
AME group managing director Kelvin Lee Chai said that strong demand was recorded not only for its existing i-Parks, but also its newly-launched 169.
AME group managing director Kelvin Lee Chai said that strong demand was recorded not only for its existing i-Parks, but also its newly-launched 169.
Kerjaya Prospek, which has four operating segments of construction, manufacturing, property development and investment, said that for 4QFY2022, the group will continue to monitor and implement appropriate business strategies in a timely manner to address the risk that post Covid-19 challenges, such as weakening of the ringgit and shortage of skilled manpower, may have on the operations and financial performance of the group.
“Our residential launches achieved encouraging demands including Serenia City’s ‘Serenia Anira 3’ with 80% take-up, while the semi-detached and detached factories in Elmina Business Park achieved 100% take-ups showing our capability in catering to the needs of businesses of any scale with solutions ranging from ready-built factories to customisable built-to-lease industrial properties.
In a bourse filing on Monday (Nov 28), Econpile said revenue for the quarter dipped 4.
Paramount’s property division recorded revenue of RM225.
Boon Lee joined IGB Corp as an executive director in June 2003, and assumed the role of the CEO of Tan & Tan Developments Bhd from January 2008 until he relinquished the post in January 2019.
"The increase in the gross profit margin was due to the downsizing and disposal of loss-making companies, project management fees generated from property development division, higher volumes of wall panels and AAC (autoclaved aerate concrete) blocks sold to the projects in Singapore .
The one-and-a-half-month renovation work involved painting, fixing and replacing new roofing, providing a well-equipped toilet and installing a septic tank with underground piping, repairing external timber walls and replacing them with cement sand board, installing precast concrete drain and chain link fencing with gate.
Tropicana said barring any unforeseen circumstances, the proposed private placement is expected to be completed by the second quarter of 2023.