Chairman Datuk Mohamad Haslah Mohamad Amin said the company has lined up RM1.4 billion worth of new launches in FY20, comprising mainly landed properties in Bandar Sri Sendayan, Negeri Sembilan, and Bandar Seri Impian, Johor, for the mass market segment, which would support its performance in the year ahead.
The better 2QFY19 earnings boosted the group’s net profit for the first half of FY19, which surged 116% to RM65.91 million from RM30.58 million a year ago (1HFY18), as revenue increased 65% to RM613.23 million from RM372.5 million.
"Their complex integration in regional and global supply chains makes them vulnerable to a slowdown in world growth and tariff wars.
RHB said through the partnership, it was able to engage with leading chain store operators in Malaysia and share with them the products and services available for retailers and SMEs.
Yesterday, MGB said its wholly-owned subsidiary Sinaran Kencana Sdn Bhd has entered into the JVA with Aset AZG Sdn Bhd, which is the owner of the tract.
The commencement dates for these projects are in July and August, with contract periods varying from two to six months. The contracts are expected to contribute positively to the group's earnings.
The firm said its unit Advancecon Infra Sdn Bhd had on July 29 accepted the letter of award from G&P Infra Sdn Bhd for a township development at Setia Alamsari (South) by S P Setia.
The hotel is located in the city centre of Bangkok and is conveniently located next to the BTS Asok Skytrain and Sukhumvit Metro Station.
The group purchased the shares from Eco Geotechnics director Goh Eng Ngai, who holds an 84% stake, Tan Loo Loo (10%), and Wong Choo Keong (6%).
The group is selling the factory (inclusive of ancillary equipment and machinery) and the 60-hectare plot of leasehold land to Sinong Pelita Oil Mill Sdn Bhd
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