News by M

Going forward, OSK said its property development division would continue to drive sales in Malaysia and Australia, while the property investment business would contribute steady rental income despite the challenging retail market.

YTL Land & Development Bhd posted a net profit of RM18.96 million or 1.57 sen per share in the third financial quarter ended March 31, 2017 (3QFY17), compared to a net loss of RM8.11 million or 0.44 sen loss per share a year ago.

Eversendai Corp Bhd said it is well on track to meet its RM2 billion revenue target for the financial year ending Dec 31, 2017 (FY17) and is confident of registering a record performance for the year, backed by its hefty orderbook.

Matrix Concepts Holdings Bhd is on track to achieve its sales target of RM1 billion for its 2018 financial year ending March 31.

Securities Commission Malaysia has filed a civil suit at the Kuala Lumpur High Court against seven individuals for insider trading involving the shares of Worldwide Holdings Bhd.

Kerjaya Prospek Group Bhd net profit for the first quarter ended March 31, 2017 rose 21.83% to RM28.85 million versus RM23.68 million a year earlier, driven mainly by its construction segment.

Iskandar Waterfront City Bhd (IWC) said it is positive on prospects ahead for the group amid a challenging economic backdrop.

Cooling measures taken by the Penang government in 2013 have brought down property prices in the state, State Housing, Town and Country Planning Committee chairman Jagdeep Singh said yesterday.

Malaysia Building Society Bhd shares rose 2.36% at mid-morning today after its net profit in the first quarter ended March 31 (1QFY17) nearly tripled to RM101.32 million from RM34.84 million a year ago, thanks to higher gross loans and lower cost of funds.

Pesona Metro Holdings Bhd reported its first quarter of financial year 2017 (1QFY17) results with revenue of RM160.5 million (+52% quarter-on-quarter [q-o-q], +61% year-on-year [y-o-y]) and earnings of RM6 million (+37% q-o-q, -3% y-o-y).