Lin Yun Ling continues as Gamuda’s group MD until mid-2028
Gamuda Bhd has renewed Datuk Lin Yun Ling's contract as group managing director, a post he has held for over four decades, for another five years until mid-2028.
Gamuda's 3Q net profit edges up to RM223.36 mil on stronger overseas earnings, pays six sen dividend
Gamuda Bhd’s net profit for the third quarter ended April 30, 2023 (3QFY2023) edged up 0.85% to RM223.36 million from RM221.49 million a year ago, on the back of stronger overseas construction earnings.
JKG’s 1Q net profit up 24.2% upon rise in property development earnings
JKG Land Bhd posted a 24.2% increase in net profit for its first quarter ended April 30, 2023 (1QFY2024) to RM2.25 million from RM1.81 million a year ago, driven by improved revenue from its property development segment.
Gamuda kicks off Penang South Island reclamation with RM3.7b Phase 1 works
The Penang South Island (PSI) reclamation project, which has been scaled down from three islands to one following a request from the prime minister, will finally kick off with Gamuda Bhd starting Phase 1 of the reclamation works worth RM3.717 billion on July 1.
Furniture maker AHB plans to venture into building materials, machineries after property development
After recently diversifying into property development, office furniture maker AHB Holdings Bhd has proposed to also diversify into the trading of building materials, machineries and equipment in view of rising costs in the increasingly competitive furniture business.
Nomura ‘negatively surprised’ by collapse of Genting Malaysia’s sale of Miami land
Nomura Research said it was “negatively surprised” by the news of the collapse of the proposed sale by Genting Malaysia Bhd (GenM) of a 15.5-acre block of land in Miami, Florida for US$1.23 billion.
Sunsuria buys 80% in Mayer Land to take part in two Rumah Selangorku projects and a mixed development in Penang
Sunsuria Bhd’s unit is acquiring 80% equity interest in property developer Mayer Land Sdn Bhd (MLSB) for RM800,000 that will enable it to participate in two Rumah Selangorku projects and a mixed development in Penang that have been awarded to MLSB.
Mah Sing names former navy chief as chairman
Mah Sing Group Bhd has named former navy chief Admiral (R) Tan Sri Abu Bakar Abdul Jamal as its chairman.
Glomac's 4Q net profit down 16% due to higher expenses and finance costs
Glomac Bhd’s net profit fell 15.58% to RM13.92 million for its fourth quarter ended April 30, 2023 (4QFY2023), from RM16.49 million a year earlier, mainly due to higher expenses and finance costs.
Genting Malaysia says Miami land parcel purchaser has ended US$1.225 billion bid
Genting Malaysia Bhd (GenM) said the purported purchaser of its of its 15.5-acres of land in Miami has elected to end its current bid.
