KUALA LUMPUR (Feb 28): Genting Bhd’s Resorts World Genting said it will close two of its three casinos effective Wednesday. The gaming group posted the announcement on the Resorts World Genting website, stating that Genting Casino 1 (Circus Palace) and Genting Casino 2 (Hollywood) will be closed with effect from Wednesday. The notice advised customers…
Read MoreKUALA LUMPUR (Feb 28): Hap Seng Consolidated Bhd’s fourth quarter ended Dec 31, 2023 (4QFY2023) net profit fell 61.88% to RM37.36 million, from RM98.02 million a year ago, due to lower operating profit dragged by lower profit contribution from all divisions except building materials division. Operating profit in the quarter dropped 24% to RM170.6 million…
Read MoreKUALA LUMPUR (Feb 27): Malaysia Building Society Bhd (MBSB) posted a 50% jump in fourth quarter net profit to RM301.15 million from RM200.73 million a year earlier, after recording a one-off gain of RM354 million from the acquisition of MIDF Group. Besides the gain on acquisition, the group’s net income for the quarter ended Dec…
Read MoreKUALA LUMPUR (Feb 28): Genting Bhd’s Resorts World Genting, said that it will close two its three casinos, effective Wednesday. The gaming group posted the announcement on the Resorts World Genting website, stating that Genting Casino 1 (Circus Palace) and Genting Casino 2 (Hollywood) will be closed with effect from today. The notice advised customers…
Read MoreKUALA LUMPUR (Feb 28): Shares of UOA Development Bhd rose to its record high on Wednesday, as analysts maintained their ‘hold’ call for the stock after the property developer’s financial results ended Dec 31, 2023 (FY2023) fell within their expectations. The counter rose as much as 3.23% or six sen, to a high of RM1.92…
Read MoreKUALA LUMPUR (Feb 28): NCT Alliance Berhad (NCT Alliance) posted a net profit of RM37.6 million for the full financial year ended Dec 31, 2023 (FY2023) on the back of a 16% increase in revenue to RM280 million from RM241 million previously. In a statement on Wednesday, the developer attributed the lower profit to expenses…
Read MoreUEM Sunrise Bhd plans to launch property projects with a total gross development value of RM800 million in 2024. (UEM web pic) PETALING JAYA: UEM Sunrise Bhd posted a 5.97% drop in net profit to RM75.23 million for the financial year ended Dec 31, 2023 (FY2023) compared to RM80.54 million in FY2022. Revenue fell 9.12%…
Read MoreMah Sing Group’s higher revenue and operating profit were mainly driven by property sales and progressive revenue recognition from ongoing construction progress. (Facebook pic) PETALING JAYA: Mah Sing Group Bhd saw its net profit improve 20% to RM215.29 million in the financial year ended Dec 31, 2023 (FY2023) from RM180.05 million. In a filing with…
Read MoreKUALA LUMPUR (Feb 27): TuJu @ Duta North is set to be launched this Sunday (March 3), with 10 layout configuration choices for its homebuyers in Kuala Lumpur. Developed on a 4.52-acre site by Distinctive World Sdn Bhd, the project marks the maiden development by the joint venture between Distinctive Capital Sdn Bhd and Eccaz…
Read MoreKUALA LUMPUR (Feb 27): With no prior warning or consultation, the government’s decision to include almost all maintenance and repair (M&R) jobs under the service tax’s scope came as a shock and has left the public ill-prepared for it, according to a tax expert. Grant Thornton Indirect Tax & Transfer Pricing senior executive director Alan…
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