KUALA LUMPUR: YNH Property Bhd has posted a net profit of RM15.75 million in its third quarter (3Q) ended Sept 30, 2010, up 17.7% from RM13.38 million a year ago on the back of lower revenue, it said in a filing to Bursa Malaysia on Tuesday, Nov 23.

KUALA LUMPUR: Malton Bhd has posted a net profit of RM5.5 million for its first quarter (1Q) ended Sept 30, 2010, slipping 13.4% from RM6.4 million a year ago on the back of lower revenue, the group announced to Bursa Malaysia on Tuesday, Nov 23.

KUALA LUMPUR: Mudajaya Group Bhd's net profit rose 31% to RM46.54 million for its third quarter ended Sept 30, 2010, from RM35.32 million a year ago despite lower revenue.

Its turnover slipped to RM191.15 million from RM200.1 million, the group announced to Bursa Malaysia on Tuesday, Nov 23.

KUALA LUMPUR: IJM Land Bhd's net profit fell 19.4% to RM30.06 million for its second quarter (2Q) ended Sept 30, 2010, from RM37.3 million a year ago on the back lower revenue, the group announced to Bursa Malaysia on Tuesday, Nov 23.

KUALA LUMPUR: IJM Corporation Bhd (IJM Corp) has posted a net profit of RM119.3 million for its second quarter (2Q) ended Sept 30, 2010, almost double its net profit of RM67.06 million a year ago on higher crude palm oil prices and foreign exchange translation gains of RM31 million in its infrastructure division, it announced to Bursa Malaysia on Tuesday, Nov 23.

KUALA LUMPUR: PN1-status group Grand Hoover Bhd has registered a net profit of RM8,000 for its first quarter (1Q) ended Sept 30, 2010 from a net loss of RM6,000 a year ago, underpinned by higher contribution from its trading division.

According to a filing to Bursa Malaysia on Tuesday, Nov 23, the group’s revenue slipped to RM8.04 million from RM8.57 million.

KUALA LUMPUR: Mah Sing Group Bhd will undertake a gated-and-guarded resort-style development in Batu Feringghi, Penang, with a gross development value (GDV) of about RM800 million, it said in a statement on Tuesday, Nov 23.

KUALA LUMPUR: Malaysia has the second lowest average price of city apartments compared with other countries in region, according to a research by Global Property Guide (GPG).

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) and IJM Land Bhd on Tuesday, Nov 23 announced their proposed merger exercise, which will create the country's second largest property player after the enlarged UEM Land Holdings Bhd, with a market capitalisation exceeding RM7 billion and a landbank of over 9,000 acres.

KUALA LUMPUR: Alila Bangalore by Alila Hotels & Resorts sets to open in February 2011 the hotelier said in a press statement on Tuesday, Nov 23. The hotelier also develops high-end hotels and resorts in countries such as China, Laos, Oman, Vietnam and Portugal.