Perak alternative expressway approved in principal by Cabinet but with conditions — report
The proposed by-pass Perak alternative expressway from Gopeng to Kuala Kangsar has been approved in principle by the Cabinet, according to a news report.
Dynaciate to buy property in Nilai from Sime Darby Property
The property belonging to Sime Darby Property (Nilai) Sdn Bhd in Setul district consists of a single-storey factory building with a two-storey office building, Dynaciate said in a stock exchange filing.
Tuju Setia unit secures RM257 mil construction project in Kajang
The contract, which was awarded by Daksina Harta Sdn Bhd, involves the construction of two blocks of serviced apartments (1,605 units) and two-storey retail shop lots (20 units), as well as one block of car park podium and related facilities at Lot 100961 Seksyen 9, Jalan Cheras in Kajang.
MRCB 1Q profit jumps 170%, lifted by LRT3 and property projects
Malaysian Resources Corp Bhd (MRCB) said its first quarter (1Q) net profit soared 170% to RM14.03 million from RM5.2 million a year ago, helped by the full consolidation of the Light Rail Transit 3 (LRT3) project.
Ekovest swings into the red in 3Q as construction business sees lower revenue
Ekovest Bhd reported a net loss of RM7.96 million for its third quarter ended March 31, 2022 (3QFY22), versus a net profit of RM27.54 million a year earlier, amid lesser contribution from its construction segment.
No plans for any restructuring so far, says MRCB
Malaysian Resources Corp Bhd clarified on Tuesday (May 31) that no proposal or offer has been received by the group so far regarding any potential restructuring of the group.
Land & General sank into the red in 4QFY22, proposes 0.5 sen dividend
Despite the net loss, revenue for the quarter under review jumped 90.39% to RM72.43 million from RM38.04 million, driven by increased sales from all divisions particularly its property division.
OSK’s 1Q profit drops 26% on lower property, construction contributions
Its property segment saw a 55% drop in pre-tax profit to RM26.5 million, as revenue fell 21% to RM175.1 million, mainly because projects launched in 2021 are at their initial stages of construction and have not reached the revenue and profit recognition threshold.
Strong performance from business segments lifts Sunway’s 1Q earnings by 140% to RM140 mil
Sunway’s property development segment reported a 13.2% year-on-year (yoy) increase in profit before tax (PBT) to RM23.41 million, due to higher progressive profit recognition from its Singapore private condominium projects, which offset lower profit contribution from local development projects.
Mulpha International to buy mall, associated marina in Australia for RM205m
In a bourse filing on Thursday, Mulpha said its indirect wholly-owned unit Pindari Capital Capri Retail Pty Ltd (PCCR) — in its capacity as trustee for Capri Retail Trust — has entered into a contract of sale with Capri On Via Roma Pty Ltd (in its capacity as trustee for Capri Enterprises Unit Trust) for the transaction.
