The net profit of YTL Corp Bhd (KL:YTL) fell by more than a third in the first quarter of its financial year, as contributions from its utilities business, represented by its 55.57% stake in YTL Power International Bhd (KL:YTLPOWR) declined.
WCT Bhd recorded a net profit of RM173.22 million for the third quarter ended Sept 30, 2024 (3QFY2024), compared with a net loss of RM13.54 million a year earlier, thanks to the remeasurement of interest in a jointly controlled entity amounting to RM184 million.
Kuala Lumpur Kepong Bhd (KL:KLK) reported a record low net profit for its fourth quarter, dragged by non-cash losses and an inventory write-down related to its investment in UK-listed speciality chemicals company, Synthomer Plc.
Property developer Eastern & Oriental Bhd (KL:E&O) said on Tuesday that it had yet to see notable impact from the revamped Malaysia My Second Home (MM2H) programme on its sales.
Noteworthy:
When: August 2024
The allocation for Prasarana Malaysia Bhd includes RM6.81 million to install automatic platform gates (APGs) at all stations, along with RM10 million for the repair and maintenance of lifts and escalators.
With JRL having a substantial order book of £1.5 billion (RM8.5 billion), and expertise in rail-adjacent and over-railway development, the acquisition is expected to bolster IJM’s foothold in the UK and contribute to the diversification of its revenue streams.
Matrix said that during the quarter under review, it recorded a gain on disposal of property, plant, and equipment, as well as investment property amounting to RM11.5 million.
Worldwide Holdings Bhd, through its Property Division (Worldwide Property), launched its Pavonia homes in Bukit Bandaraya.
The properties include Dudley International House, an eight-floor student dormitory at 51 Queen Street, and 333 Exhibition Street in Melbourne, purchased in 2013.
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