New ZIC development a positive for LBS Bina Group
The group can now start talking to interested parties, given the approval for the land usage of the ZIC.
Ikhmas Jaya to resume growth trajectory
Ikhmas Jaya Group Bhd has announced that it on Tuesday agreed and accepted the terms and conditions of a letter of award from Pelaburan Hartanah Bhd to carry out site clearance, earthworks, piling (bore) and pile cap works for a shopping complex in Terengganu worth RM62.4 million.
Gadang’s order book seen surpassing RM1b mark
Gadang Holdings Bhd posted top line of RM248.9 million and bottom line of RM30.5 million in the fourth quarter of financial year 2016 (4QFY16), in which revenue surged 41.5% quarter-on-quarter (q-o-q) and 46.6% year-on-year (y-o-y), while net profit jumped 21.5% q-o-q and 20.1% y-o-y.
IJM’s 1HFY16 results within expectations
IJM reported net profit of RM174.8 million for its second quarter FY16. The quarterly earnings tumbled 52.8% quarter-on-quarter (q-o-q), but jumped 13.1% year-on-year (y-o-y) as there was an one-off gain derived from the disposal of 74% equity interest in Jaipur Mahua Tollway Pvt Ltd totalling RM168.7 million.
