News by izzul Ikram

Malaysian Resources Corp Bhd (MRCB) swung back to the black in the second quarter ended June 30, 2022 (2QFY22) with a net profit of RM14.1 million compared with a net loss of RM32.42 million a year earlier, hoisted by the normalisation of its operations, which resulted in increased revenue and profit recognition from construction progress.

Leong said the group's performance was boosted by the local economy's recovery momentum following the reopening of the country's borders.

Lagenda Properties Bhd’s net profit rose 17.38% to RM50.38 million for the second quarter ended June 30, 2022 (2QFY22), from RM42.92 million a year earlier, due to an increase in its confirmed sales as a result of effective marketing strategies.

LBS Bina Group Bhd’s second quarter net profit jumped 115.77% to RM35.13 million, from RM16.28 million a year earlier, on the back of its property development segment’s strong showing.

Gabungan AQRS Bhd has proposed to establish an Islamic commercial paper (ICP) and Islamic medium-term note (IMTN) programme of RM200 million in nominal value.

He is charged with causing the state land registrar to dispose of one of the plots in Bandar Tanjong Pinang — said to be worth RM135.086 million — to Ewein Zenith at the Department of Lands and Mines in Komtar on Feb 17, 2015.

Chin Hin Group Bhd was slapped with an unusual market activity (UMA) query by Bursa Malaysia on Tuesday (Aug 2) due to a sharp rise in its share price.

Entomo Malaysia Sdn Bhd and Raveenderen Ramamoothie are to purchase all Hasrat Budi Sdn Bhd’s shares in MYSJ Sdn Bhd — the operator of the MySejahtera application — for RM24 million plus a premium.

The property developer said its Malaysian operations’ profit after tax (PAT) contribution rose 86.7% to RM61.2 million from RM32.8 million, offsetting the share of loss from its international arm, Eco World International’s (EWI).