News by M

SDB attributed the lower quarterly revenue to completion of the group’s Windows On The Park project in Bandar Tun Hussein Onn here.

The softer performance was despite a 70% improvement in quarterly revenue to RM264.05 million from RM155.57 million in the previous year.

Damansara Realty Bhd, controlled by Johor-based Seaview Holdings Sdn Bhd with a 51% stake, said its group chief executive officer Mohd Fazlin Shah Mohd Salleh has resigned after just one year "to pursue his other personal interest".

Matrix Concepts said the strong performance was mainly the result of higher revenue from the sales of both residential and commercial properties.

MKH said the increase in the company's pre-tax profit and revenue was mainly due to the property and construction divisions – from current and fresh development projects.

MRCB plans to continue focusing on trimming net gearing and growing its property development and investment, and construction, engineering and environment segments.

The weaker earnings was due to the doubling of administrative, selling and marketing expenses, and higher finance costs, besides a loss of RM5.5 million from a discontinuing operation — compared to a RM99.3 million gain in 4QFY15.

YTL Corp expects its construction, information technology and e-commerce related business, cement manufacturing and trading, property investment and development, management services and others, and its hotels segments to post satisfactory performance in FY17.

Sold for: RM2 million (RM738 psf); Concluded by: May Hwa (REN 02007) of Reapfield Properties Sdn Bhd (017-249 1112); When: Feb 2016

Eco World Development Bhd was named the ‘Best of the Best Employers’ by global talent consultancy Aon Hewitt, at the Aon Best Employers — Malaysia 2016 awards.