News by syafiqah Salim

Top Builders Capital Bhd, which has yet to submit its financial reports for the quarters ended Sept 30, 2022, and Dec 31, 2022 and March 31, 2023, plans to release its outstanding quarterly reports in the first week of June.

Trading suspension of Top Builders Capital Bhd will continue until further notice, as the group failed to file its quarterly report for the financial period ended March 31, 2023, with Bursa Securities by the May 31 deadline.

Its quarterly revenue grew 37.43% year-on-year to RM396.06 million from RM288.19 million.

... on improved performance across all business segments, particularly retail, hotel and management services.

IOI Properties Group Bhd posted a 93.2% year-on-year jump in its third quarterly net profit ended March 31, 2023 (3QFY2023) to RM115.38 million from RM59.72 million on lower taxation.

Kerjaya Prospek Group Bhd reported RM29.41 million net profit for the first quarter ended March 31, 2023 (1QFY2023), a slight increase from RM28.86 million a year earlier.

Property developer Radium Development Bhd said the public tranche of 273 million shares for its initial public offering (IPO) made available for the Malaysian public has been fully subscribed.

There will also be an additional sum of RM50 million deposited by the buyer within three months of completion of the conditions of the agreement.

TA Securities Research has valued Main-Market bound Radium Development Bhd at 51 sen per share, implying a financial year ended Dec 31, 2021 (FY2021) price-earnings ratio (PER) of 17.1 times, due to strong demand for affordable housing in the capital. 

Eversendai Corp Bhd said its independent auditors have raised concerns about the loss-making construction firm’s ability to operate as a going concern in its audited financial statements for the year ended Dec 31, 2022 (FY2022).