News by M

Revenue from the property division was mainly derived from the disposal of land from the Kenny Heights joint venture project.

"The group's prospects remain positive with its property sales stood at RM799 million as at Aug 28, 2017, total unbilled sales of RM1.395 billion as at July 30, 2017, anchored by 18 ongoing projects and remaining landbank of 4,197 acres."

The stay will be in force until the Court of Appeal decides on the company's appeal against the High Court's decision to dismiss its application for a judicial review of the IRB action.

The company plans to launch more in 2HFY17.

On track for the targeted launch of the line’s first phase in July 2021.

Association chairman and managing director of MNP Auctioneers (Central) Sdn Ltd Stephen Soon Chee Leng said both manual and online auctions have their own flaws and advantages, hence a better solution is to have it both ways.

Revenue, however, slipped to RM202.62 million from RM205.48 million previously, the company said in a filing to Bursa Malaysia.

Its engineering, construction and environment revenue jumped 4.5 times to RM467.65 million from RM103.49 million. Topline from property development and investment also grew 9%.

Pasukhas said the claims launched against its 70%-owned unit Pasukhas Construction Sdn Bhd by the main contractor were over alleged wrongful repudiation and negligence in performing the work.

Ahmad Zaki group managing director Datuk Seri Wan Zakariah Wan Muda said its effort of balancing project-based income with income generated through recurring sources are now "bearing fruit".