News by M

The strong growth was attributable to higher income from net financing/loans, investment activities and lower cost of funds.

The centre will adopt the structure and technology of IKEA’s biggest regional distribution centre in Germany and will be one of the company’s largest regional distribution centres globally.

The revenue fall was due to the property development division’s weaker contribution as it had not launched any new projects because of weak sentiments.

Mah Sing has reported an asset turnover ratio of 49% on average for the past five years.

The award is evaluated based on the company's compound profit before tax growth for a period of three years, whereby S P Setia did not pose any losses throughout the period.

Co-working centres continue to expand globally, according to Deskmag’s Global Co-working Survey 2017.

The company, however, did not furnish data on how much sales came from its US$100-billion Forest City project in Johor, Malaysia.

Reviewing its performance, Kerjaya Prospek said its property development segment was also expected to contribute positively to its earnings, moving forward.

The Saraca collection has 91 units of 22x75 ft double-storey terraced homes located amidst the greenery of Setia Ecohill.

MBSB said total assets recorded a 3.72% increase to RM44.88 billion as at June 30, 2017, mainly due to higher gross financing/loans and liquefiable assets.