Yong Tai net loss swells in 4QFY22 due to whopping RM113.1 mil impairment
Yong Tai Bhd's net loss swelled to RM135.34 million in the fourth financial quarter ended June 30, 2022 (4QFY22), mainly due to an impairment loss of RM113.1 million.
Mulpha International 2Q net profit rises amid improved performance in hospitality division and high dividend income
Mulpha International Bhd’s net profit rose 15.8% to RM35.77 million or earnings per share of 11.5 sen in the second quarter ended June 30, 2022 (2QFY22), from RM30.9 million or 9.72 sen a year ago.
AME Elite 1Q net profit down 15.65% on finance cost
AME Elite Consortium Bhd's net profit for the first quarter ended June 30, 2022 (1QFY23) fell 15.65% to RM6.09 million from RM7.21 million in the same period last year mainly due to a finance cost of RM2.68 million, resulting from the unwinding of a discount on deferred land purchase considerations.
Sunsuria 3Q earnings up 17% as property sales momentum rises
Sunsuria Bhd net profit rose 17% to RM4.16 million for the third quarter ended June 30, 2022 (3QFY22) from RM3.57 million a year ago, as sales momentum rose amid normalising economic activities and the reopening of international borders.
Paramount declares 2.5 sen dividend as 2Q profit jumps with stronger revenue
Paramount Corp Bhd's net profit jumped 5.6 times to RM9.12 million in the second quarter ended June 30, 2022 (2QFY22) from RM1.62 million in the same quarter a year ago, boosted by a higher revenue.
IWCity posts wider net loss for 2Q, warns of challenging outlook
Iskandar Waterfront City Bhd's (IWCity) net loss widened by 45% year-on-year for the second quarter ended June 30, 2022 (2QFY22) on lower level of work and billings achieved for its property development business.
Chin Hin 2Q net profit boosted by fair value gain of RM37 mil
Chin Hin Group Bhd’s net profit for the second quarter ended June 30, 2022 (2QFY22) got a big boost from the revaluation of its 19.34% stake in Solarvest Holdings Bhd.
_0.jpg)
Labour shortage impacts earnings recognition, says Sime Darby Property
Sime Darby Property Bhd said on Friday (Aug 26) labour shortage presents challenges to the property developer to fully recognise its profit and revenue due to delayed works at its construction sites.
BLand's 4Q loss widens on impairment provisions for the balance proceeds of mall it sold in China
Berjaya Land Bhd (BLand) reported a higher net loss of RM133.44 million in the fourth quarter ended June 30, 2022 (4QFY22) up 5.61% from RM126.34 million a year ago, due to provisions it made to impair the balance proceeds of a mall it sold in China, which it feared it might not be able to collect.
YTL Corp declares three sen dividend as it closes FY22 on a positive note
YTL Corp Bhd returned to the black in the fourth quarter ended June 30, 2022 (4QFY22) with a net profit of RM8.68 million, compared with a net loss of RM407.48 million in 4QFY21, on the absence of impairment losses under its property business, while contribution from its utilities business strengthened.
