News by M

Tropicana Corp Bhd’s revenue rose 157.7% year on year to RM850.77 million in the second quarter ended June 30, 2026 (2QFY2026), from RM330.18 million, as the property developer completed three land sales in Johor Bahru and Selangor.

Chin Hin Group Bhd’s quarterly revenue exceeded RM1 billion in the second quarter ended June 30, 2026 (2QFY2026), supported by stronger contributions from its property development and construction businesses, as well as its expanded ready-mixed concrete operations.

Eco Ardence and Missi Care Sdn Bhd have signed a memorandum of understanding (MoU) to establish a 24-hour Care Hub at Eco Ardence’s first low-rise villas, which are scheduled to be launched this year. Under the MoU, Missi Care will be the exclusive operator of the Care Hub.

Johor has strengthened its position as Asia Pacific’s (Apac) largest data centre market by combined operational and future capacity, while Malaysia leads Southeast Asia in data centre capacity under construction, according to a global real estate consultancy.

Magna Prima Bhd posted a net loss attributable to shareholders of RM1.82 million for the second quarter ended June 30, 2026 (2QFY2026), compared with a net profit of RM1.30 million a year earlier, as a RM3.30 million tax expense exceeded its RM1.50 million pre-tax profit.

Varia Bhd returned to profitability in the fourth quarter ended June 30, 2026 (4QFY2026), while full-year net profit attributable to shareholders surged to RM46.50 million on higher construction activity.

IGB Bhd’s profit attributable to shareholders nearly doubled to RM146.66 million in the second quarter ended June 30, 2026 (2QFY2026), from RM75.33 million a year earlier, supported by stronger contributions from its retail and commercial property investment businesses, property development and other segments.

Paramount Corp Bhd’s profit attributable to ordinary equity holders rose 33% year-on-year to RM29.02 million for the second quarter ended June 30, 2026 (2QFY2026), from RM21.77 million a year earlier, supported by stronger performance from its property segment.

Sunsuria Bhd’s profit attributable to owners more than doubled to RM19.02 million for the third quarter ended June 30, 2026 (3QFY2026), from RM9.22 million a year earlier, aided by RM6.92 million in gains recognised after KL City Gateway Sdn Bhd (KLCG) became a subsidiary.

MUI Properties Bhd slipped into the red in the fourth quarter ended June 30, 2026 (4QFY2026), weighed down by an impairment loss on an investment property, a fair value loss on other investments and lower revenue.