News by EDGEPROP.MY

Tropicana Corp Bhd’s revenue for the first quarter ended March 31, 2026 (1QFY2026) rose 20.5% to RM313.7 million from RM260.4 million a year earlier, driven by higher progress billings from key projects nearing completion in the Klang Valley and northern region.

Property and construction group ETA Group Bhd, formerly known as Rex Industry Bhd, is proceeding with the proposed acquisition of a freehold industrial property in Bandar Sri Damansara, Selangor, for RM16.5 million in cash.

Kuala Lumpur’s luxury hotel segment recorded transaction volumes of about RM660 million between 2023 and 2025, a 14% increase from the equivalent three-year period before the Covid-19 pandemic, as investor appetite for premium hospitality assets continued to strengthen, according to JLL.

Lim Seong Hai Capital Bhd (LSH Capital) has accepted a letter of offer from Perbadanan Aset Keretapi (RAC) for the proposed development of two land parcels in Selangor measuring a combined 17.4 acres. 

Matrix Concepts Holdings Bhd’s net profit for the financial year ended March 31, 2026 (FY2026) inched up 3.9% to RM223.26 million from RM214.85 million a year earlier, as higher development revenue was partially offset by margin compression and higher tax expenses.

JAKS Resources Bhd started its financial year ending Dec 31, 2026 with higher contributions from its Vietnam power joint venture (JV) cushioning weaker results from property investment and construction-related activities.

LBS Bina Group Bhd opened its financial year ending Dec 31, 2026 with a steady first quarter, supported by its Klang Valley township projects and a sharper turnaround in construction and trading.

Sime Darby Property Bhd posted a 33.5% increase in net profit for the first quarter ended March 31, 2026 (1QFY2026), supported by stronger margins and a RM65.1 million fair value gain on an investment property despite lower revenue.

SkyWorld Development Bhd wrapped up its financial year ended March 31, 2026 (FY2026) with stronger sales momentum and a much deeper order book, underpinned by steady progress across its Klang Valley portfolio and a successful first foray into Penang.

UOA Development Bhd has opened its 2026 financial year with a first‑quarter net profit of RM41.9 million and RM130.7 million in new property sales, while shareholders have approved a 10 sen final dividend for FY2025 and renewed key mandates at the group’s 22nd AGM.