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.
UEM Edgenta’s 1Q net profit jumps 41% to RM9.4 mil
This resulted in a higher earnings per share of 1.13 sen for 1QFY22 compared with 0.8 sen for 1QFY21, the company’s bourse filing on Thursday (May 26) showed.
IOI Properties 3Q net profit drops 67% y-o-y but revenue grows
However, quarterly revenue in 3QFY22 grew 27.44% to RM737.79 million from RM578.95 million in 3QFY21 mainly attributable to better performance contributed from all business segments.
Chin Hin's 1Q net profit grows 73% to RM26m amid gain on disposal of Solarvest shares
Chin Hin Group Bhd registered a 73.25% growth in net profit for the first quarter ended March 31, 2022 (1QFY22) to RM26.26 million from RM15.16 million a year earlier due to a gain on disposal of Solarvest Holdings Bhd shares, as well as share of results of associates and joint-venture companies.
Matrix Concepts' FY22 profit falls 22%, declares 3.75 sen dividend, proposes 1-for-2 bonus issue
Matrix Concepts Holdings Bhd posted a net profit of RM61.08 million for the fourth quarter ended March 31, 2022 (4QFY22), a year-on-year decline of 22.17% from RM78.47 million in line with lower revenue as well as higher administrative and general expenses.
KLCCP Stapled declares eight sen dividend as 1Q profit strengthens
KLCCP Stapled Group reported a net profit of RM161.44 million for the first quarter ended March 31, 2022 (1QFY22), up 10.48% from RM146.12 million in the same quarter last year, amid a rebound in business activities.
