News by M

Such a move would dampen the capital city’s gross domestic product heavily dependent on the construction and property-related services sectors, she said.

The net profit for the quarter ended June 30, 2025 (4QFY2025), was RM31.23 million, compared with RM1.38 million a year ago.

The purchase came less than two weeks after a Bayan Resources executive also joined as the company’s second-largest shareholder through the placement.

It made a net profit of RM54.44 million for its 2QFY2025, up 46.8% from RM37.08 million in 2QFY2024.

The project entails the construction of a four-lane dual carriageway measuring 14.7km in Limbang. 

Net profit for the quarter jumped more than fivefold to RM21.75 million from RM4.16 million a year earlier. 

Ivory Properties said Ivory Indah is not a major subsidiary, with its assets making up 15% of the group.

Ivory Properties Group Bhd (KL:IVORY), a Practice Note 17 (PN17) company, announced that its group chief executive officer and executive director Datuk Low Eng Hock has resigned from all positions in the Penang-based property developer, effective Aug 22, citing personal reasons.

The parliamentary Public Accounts Committee (PAC) found that an outdated formula to calculate land prices led to the government losing about RM136.8 million in revenue in the case of the Kampung Bohol flood retention pond project.

The Public Accounts Committee (PAC) has called for the government to overhaul Kuala Lumpur’s land development system after uncovering serious issues, including unchecked approvals, ignored public objections, and the sale of public land below market value.