News by Kamarul Anwar

EcoFirst attributed its stellar performance to its Upper East @ Tiger Lane luxury condominium project in Ipoh, Perak, which contributed 75% of the group's revenue, as well as consistent recurring earnings from its two malls — South City Plaza in Sri Kembangan, Selangor, and 1Segamat Mall, Johor.

Its revenue in 4QFY15 inched up 2.67% to RM103.46 million from RM100.77 million in 4QFY2014.

Sentoria Group Bhd 75%-owned subsidiary will co-develop residential and commercial properties with a private property investment company on 120 acres of land in Kuala Muda, Kedah, which marks the property developer and resort operator's first venture in the north.

Ho Hup Construction Co Bhd has gained entry into the granite quarrying business, via the acquisition of a company with quarrying rights, for RM2 million cash.

Kobay’s wholly owned subsidiary Paradigm Precision Machining Sdn Bhd (PPM) is set to sell the leasehold land, which comes with a single-storey factory, to clothing manufacturer Messrs TopFur Dressing Industries Sdn Bhd.

Pavilion Real Estate Investment Trust (Pavilion REIT) is buying The Intermark Mall, which forms part of The Intermark mixed-use development located at the crossroads of Jalan Ampang and Jalan Tun Razak here, for RM160 million cash, which will be fully funded through debt.

Parkson said the court’s decision will not have a material impact on its earnings for the financial year ending June 30, 2016.

Being both a property developer and a construction company, executive director Mohd Imran Mohamad Salim said MRCB was working on getting something in Thailand and Indonesia for both its business ventures.

Executive director sees the group achieving a double-digit net profit growth in FY16.

Analysts had mixed views over S P Setia Bhd's prospects. While some expected the Permodalan Nasional Bhd-owned property developer could achieve its sales target of RM4 billion for its financial year ending Dec 31, 2015 (FY15), there were others who pointed out S P Setia's declining sales over the years.