News by Chester Tay

WCT Holdings Bhd posted a net profit of RM12.49 million for the third quarter ended Sept 30, 2022 (3QFY2022), versus a net loss of RM35.23 million a year ago, as revenue rose on lower cost of sales, administrative expenses and finance costs.

UOA Development Bhd’s net profit and revenue jumped almost three times year-on-year for the third quarter ended Sept 30, 2022 (3QFY2022) on progressive recognition of the property developer’s ongoing project.

Batu Kawan Bhd and its 47.74%-held Kuala Lumpur Kepong Bhd (KLK) reported lower earnings for the fourth quarter ended Sept 30, 2022 (4QFY2022), mainly dragged by significantly lower investment holding and manufacturing profits.

The group’s unbilled sales stood at RM1.4 billion as at Sept 30, 2022, providing earnings visibility over the next 12 to 15 months.

KIP Real Estate Investment Trust's (REIT) net property income for the first quarter ended Sept 30, 2022 (1QFY23) grew 4.8% to RM14.33 million, up from RM13.67 million a year ago, mainly due to low base effect as operations were affected by Covid-19 lockdowns last year.

Construction company Vestland Bhd has obtained Bursa Malaysia's approval to launch an initial public offering (IPO) on the ACE Market.

Pesona Metro Holdings Bhd’s unit has secured a RM154.67 million contract for the main building works of a 28-storey condominium project in Cyberjaya for Lakefront Residence Sdn Bhd, a wholly-owned subsidiary of MCT Bhd.

Plywood products manufacturer Annum Bhd (formerly known as Cymao Holdings Bhd) has secured land in Setiu, Terengganu to facilitate the group’s diversification into smart farming business.

Mynews Holdings Bhd said its subsidiary has been served with a winding-up petition over a rental dispute involving a retail lot at the Pacific Express Hotel.

Piling specialist Econpile Holdings Bhd has bagged a RM24.6 million contract from Berjaya Construction Bhd to undertake sub-structure work for a proposed 41-storey block of service suites in Jalan Imbi here.