The group said its subsidiary Fajarbaru Builder Sdn Bhd had landed the contract for additional works to redevelop military facilities at the Royal Malaysian Air Force base in Butterworth.
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The construction outfit said the increase in revenue for the current quarter under review was mainly because progress of construction work activities has improved.
Revenue for the quarter, meanwhile, increased by 5% year-on-year to RM416.
Net profit rose to RM29.
The planned launches consist of The Lume, a 261-unit residential condominium with a GDV of RM689 million, Marina, a serviced apartment project with an estimated GDV of over RM600 million and phase two of Senna and Fera, a 68-unit landed home project with an estimated GDV of nearly RM300 million, its managing director Kok Tuck Cheong told a press conference after the company’s 4QFY2024 result briefing on Tuesday.
The two projects will provide earnings visibility of up to four years, group executive chairman Datin Toh Siew Chuon said at Kerjaya Prospek Property's financial results briefing on Tuesday.
The entire Elmina Ridge 1 development comprises 228 units of superlink, cluster and semi-detached homes with a total gross development value (GDV) of RM373 million.
DONE DEAL: Factory, Gelang Patah, Johor DONE DEAL: Bungalow, Ukay Heights, Ampang, Selangor The average transacted prices of non-landed properties in Cyberjaya seem to be on the up.
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