KLCCP Stapled Group Bhd has recorded a near four-fold rise in net profit to RM279.47 million for the fourth quarter ended Dec 31, 2022 (4QFY2022), from RM70.33 million a year earlier, boosted by strong recovery in the retail and hotel segments.
Mohamad Noor, 77, resigned due to personal reasons.
The land measures approximately 7.54 acres.
Masteel said it earned three out of four stars in the ESG Ratings among public listed companies in FBM EMAS, placing it within the top 26%-50% of PLCs assessed by FTSE Russell.
Its wholly-owned unit Pasdec Corp Sdn Bhd has entered into a JV agreement with a special purpose vehicle called Sedimi Property Development Sdn Bhd to develop the 238 pieces of vacant leasehold plots with a total area of 60,049 square metres.
Net property income fell to RM3.88 million in 2QFY23, from RM4.7 million a year ago, while net income declined 93% to RM108,000 from RM1.53 million amid higher interest expense.
The IMTN programme comes together with an Islamic commercial papers programme, which together have a combined aggregate limit of up to RM4 billion in nominal value, based on the shariah principle of murabahah via tawarruq arrangement.
Earnings per share rose to 3.29 sen from 1.2 sen.
Following the termination, Zecon will be buying back the project from PR1MA for RM63.56 million, which includes the land cost.
Quarterly revenue increased by 18.34% to RM186.73 million compared to RM157.8 million.
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