News by Syahirah Syed Jaafar

Matrix Concepts Holdings Bhd recorded a 28.9% increase in net profit to RM187.8 million for its full financial year ended March 31, 2017 (FY17), from RM145.7 million in FY16, on increased new sales of its residential properties in Negeri Sembilan and Johor.

Bina Darulaman Bhd's net profit fell 88% to RM279,000 in its first quarter ended March 31, 2017.

Property developer TAHPS Group Bhd hopes to engage in more digital marketing efforts to reach out to young people who want to buy a property in the future.

Ekovest Bhd through its subsidiary Ekovest Properties Sdn Bhd has purchased two parcels of freehold land from substantial shareholder Lim Seong Hai Holdings Sdn Bhd (LSHHSB) for RM26.77 million.

Noorbaizura, 37, was COO with the trust for two years. She was previously Head of Investment of Amanahraya REIT for three years.

Sime Darby Property Bhd entered into a memorandum of understanding yesterday with MMC Port Holdings Sdn Bhd and India's Adani Ports and Special Economic Zone Ltd to study the feasibility of developing a maritime city on its plot in Carey Island.

For its full year, Crescendo's net profit almost quadrupled to RM70.31 million versus RM17.7 million in the previous year. Revenue was up 31% to RM254.36 million from RM194.57 million a year ago.

The construction and completion of the diaphragm wall is part of the works for the underground works package, encompassing the design, construction and completion of tunnels, stations and associated structures from Jalan Ipoh North Escape Shaft to Desa Waterpark South Portal, under KVMRT2.

The property developer inked a joint venture (JV) agreement with Gan Teck Boon — founder of Savanna Landscaping — to operate and manage the landscape and nursery functions of Sunsuria’s group of businesses.

Sime Darby announced on Feb 27 it would be spinning off its plantation and property businesses, by listing the two units separately as Sime Darby Plantation Bhd and Sime Darby Property Bhd on Bursa Malaysia, via share distribution to existing shareholders.