The group, which is mainly engaged in property development and construction, plantation, and building material trading, booked unrealised foreign exchange gains of RM800,000 for the quarter, compared with RM5 million in 2QFY2023, according to its bourse filing on Friday.
The project is set to commence next Monday (May 27) and is scheduled for completion on Feb 27, 2026.
The proposed acquisition is in line with the company’s goal to build more affordable homes towards its objective of completing 50,000 affordable homes throughout the nation by 2028.
Over the next 15 years, the plant is projected to create nearly 3,000 skilled jobs, and “significantly reduce production cycles, enhancing efficiency and competitiveness in the semiconductor industry”.
It clarified “that as a property developer, our operations, including those of our contractors, have only been utilising diesel fuel at a commercial rate.
Using EdgeProp EPIQ mapping tools, find out exactly where the recreational spaces are and gain a measure of how green each area is.
The quarterly net profit rose to RM496.
Avaland chief executive officer Apollo Bello Tanco said the company looks to sustain its momentum built from last year.
More than a dozen analysts covering the stock raised their target prices to also account for the stronger-than-expected results announced on Tuesday.
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