Mahabuilders Bhd, which is also known as the “white knight” of Johor for its track record in reviving abandoned housing developments in the state, is developing its own projects on undeveloped land now. In fact, it embarked on its first luxury residential development called Horizon Residence in Johor recently.

KUALA LUMPUR: LFE Corporation Bhd has posted net loss of RM2.07 million for its third quarter (3Q) ended Sept 30, 2010, from a net profit of RM659,000 a year ago on lower revenue.

Its turnover plunged 69.8% to RM13.35 million from RM44.27 million a year ago on lower contribution from its construction activities, it announced to Bursa Malaysia on Friday, Nov 26.

KUALA LUMPUR: Lebar Daun Bhd has posted a net loss of RM1.1 million for its third quarter (3Q) ended Sept 30, 2010, from net profit of RM359,000 a year ago on the back of impairment allowance for trade receivables not provided for a year ago.

KUALA LUMPUR: Bertam Alliance Bhd's net profit surged to RM2.28 million for its third quarter (3Q) ended Sept 30, 2010, from RM574,000 a year ago on higher operating income.

Revenue more than doubled to RM13.38 million from RM5.77 million, it announced to Bursa Malaysia on Friday, Nov 26.

KUALA LUMPUR: Brem Holding Bhd's net profit rose 32.9% to RM4.49 million for its second quarter ended Sept 30, 2010, from RM3.01 million a year ago on higher revenue.

Turnover inched up to RM28.63 million from RM28.55 million a year ago, it announced to Bursa Malaysia on Friday, Nov 26.

KUALA LUMPUR: Farlim Group (Malaysia) Bhd's revenue surged to RM3.65 million for its third quarter (3Q) ended Sept 30, 2010 from RM618,000 a year ago on higher revenue.

Turnover rose 36.1% to RM24.63 million from RM18.09 million a year ago, it announced to Bursa Malaysia on Friday, Nov 26.

KUALA LUMPUR: Ivory Properties Group Bhd has posted a net profit of RM8.08 million for its third quarter (3Q) ended Sept 30, 2010, slipping from RM8.44 million in the last quarter on higher operating expenses.

The group, which debuted on Bursa Malaysia on July 28, registered a 62% growth in revenue to RM41.97 million against RM25.9 million in the previous quarter.

KUALA LUMPUR: MTD Capital Bhd's net profit fell 15.9% RM18.9 million for its second quarter (2Q) ended Sept 30, 2010 from RM22.49 million a year ago on absence of gain from disposal of two investment properties, it announced to Bursa Malaysia on Friday, Nov 26.

KUALA LUMPUR: Sunway Holdings Bhd's unit has been awarded a tender of land parcel in Singapore for a 99-year lease term at S$187.59 million (RM450.19 million) from Singapore's Housing and Development Board, it announced to Bursa Malaysia on Friday, Nov 26.

SHAH ALAM: Glenmarie Properties Sdn Bhd expects a total gross development value (GDV) of RM380 million for its newly launched project, Glenmarie Gardens, in Shah Alam, said chief executive officer Mohd Radzman Othman.