The networking dinner saw as many as 50 representatives from the property development companies in Penang and Kedah attending the event including committee members of the Penang branch of the Real Estate and Housing Developers' Association.
Titijaya Land Bhd announced a 16% increase in profit after tax of RM20.4 million for the second quarter ended Dec 31, 2016, compared with the RM17.6 million in the corresponding period last year.
IGB Corp Bhd shares rose as much as 38 sen or 15% after controlling shareholder Goldis Bhd made a takeover offer for the remaining IGB shares at RM3 each.
At the start of the 2016/17 academic year, almost 522,000 students were enrolled on undergraduate courses at UK universities, an increase of more than 7,000 on 2015 while the number of acceptances of EU students rose by 8% y-o-y.
Its property investment and development segment also registered a 19% decline in PBT.
For the full year, net profit jumped over 20 times to RM28.53 million from RM1.38 million a year ago, while revenue grew 72% to RM360.82 million from RM209.89 million.
Revenue soared 107% to RM243.32 million, from RM117.59 million in 3QFY2016.
The group embarked on a loan impairment programme to raise its provisions to close the gap between banking practices and standards. The impairment programme was to raise provisions for a total RM1.9 billion between FY2016 and FY2017.
For the construction segment, revenue rose to RM466.5 million from RM417.6 million due to increased activities under the building division.
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