News by Izzul Ikram

IOI Properties Group Bhd’s (KL:IOIPG) net profit for its third quarter ended March 31, 2024 (3QFY2024) rose 90.9% to RM220.21 million from RM115.38 million a year earlier, mainly thanks to the completion of a land sale in Johor

Vizione Holdings Bhd (KL:VIZIONE), which is valued at RM73.72 million, has secured a RM750 million contract from a company partially owned by its directors for construction works on a mixed development in Gombak, Selangor.

Lagenda Properties Bhd (KL:LAGENDA) said one of its senior personnel was remanded by the Malaysian Anti-Corruption Commission (MACC) under an investigation into the subdivision of Malay reserve land in Manjung, Perak.

Year-on-year quarterly net profit growth remained positive, despite a 17.6% drop in revenue to RM70.25 million in 1QFY2024, as compared to RM85.24 million a year earlier, thanks to an increase in other income logged.

Shares in Southern Score have surged in the past few days, rising 21.5 sen or 46.24% from May 21’s close of 46.5 sen to a record high of 68 sen on Monday.

Cahya Mata Sarawak Bhd’s (CMS) (KL:CMSB) net profit fell 10.1% to RM38.25 million for the first quarter ended March 31, 2024 (1QFY2024) from RM42.56 million a year earlier.

KLCCP Stapled Group (KL:KLCC) registered a 4.1% increase in net profit for the first quarter ended March 31, 2024 (1QFY2024) to RM188.03 million from RM180.56 million a year earlier, on the back of steady performance across its business segments.

Sime Darby Property Bhd (KL:SIMEPROP) reported that its first quarter net profit doubled year-on-year, as the property developer saw its quarterly revenue hit a record high on higher sales and successful project executions.

The share disposal slashed Tan’s total stake in Binastra to 57.3%.

The number of foreign workers in the country should not exceed 15% of the 17.1 million labour force projected by the Ministry of Economy.