Property developer Yong Tai Bhd (KL:YONGTAI) is seeking to overturn the RM75.46 million adjudication ruling in favour of Kerjaya Prospek Group Bhd’s (KL:KERJAYA) unit, as it claims that the case falls outside the scope of the Construction Act.

Eastern & Oriental Bhd (KL:E&O) said it is "not in a hurry" to sell its properties in the UK, as it keeps the doors open to potential suitors to monetise the non-core assets.

Paradigm Real Estate Investment Trust (KL:PARADIGM) on Thursday set the final price for its initial share sale at RM1 apiece as previously indicated amid subdued demand from some investors.

Noteworthy:

• Freehold
• Land size: 8,880 sq ft
• Nearby amenities: Pavilion Damansara Heights, KPJ Damansara Specialist Hospital, Cempaka International School, Kuala Lumpur Golf Country & Club
• Accessibility: SPRINT-Damansara and Penchala links, LDP, DUKE Highway, Jalan Medan, Jalan Semantan

When: December 2024

Sime Darby Property Bhd recorded first quarter ended March 31, 2025 (Q1FY2025) revenue of RM871.6 million, operating profit of RM189.1 million, and profit before tax (PBT) and profit after tax and minority interest of RM179.6 million and RM118.4 million respectively.

Eastern & Oriental Bhd (KL:E&O) nearly doubled its net profit for the fourth quarter ended March 31, 2025 (4QFY2025), on profits from its joint ventures, a tax gain and lower finance costs.

Property developer UOA Development Bhd (KL:UOADEV) reported a 48.79% increase in net profit for the first quarter ended March 31, 2025 (1QFY2025), supported by the progressive revenue recognition from its ongoing development projects.

Matrix Concepts Holdings Bhd (KL:MATRIX) reported a 30% drop in net profit to RM42.7 million for the fourth quarter ended March 31, 2025 (4QFY2025), down from RM60.6 million a year ago.

Kerjaya Prospek Group Bhd (KL:KERJAYA) posted a 37% rise in net profit for the first quarter (1Q), supported by higher revenue from improved progress in construction activities.

IGB Bhd (KL:IGBB) reported a 51.94% decline in net profit to RM89.07 million for the first quarter ended March 31, 2025 (1QFY2025), compared to RM185.34 million in the same period last year.