KUALA LUMPUR (Aug 30): Malaysian Resources Corp Bhd’s (MRCB) net profit fell 22.93% to RM10.87 million or 0.24 sen for the second quarter ended June 30, 2023 (2QFY2023), from RM14.1 million or 0.32 sen a year earlier. Quarterly revenue decreased 14.43% to RM599.35 million from RM700.39 million, according to the property and infrastructure company’s bourse…
Read MoreKUALA LUMPUR (Aug 30): Kerjaya Prospek Group Bhd has secured a RM125.02 million contract from a subsidiary of UEM Sunrise Bhd for a proposed phase two development project at Taman Equine in Bandar Putra Permai. The group, via its wholly-owned unit Kerjaya Prospek (M) Sdn Bhd, had received a letter of award on Wednesday from…
Read MoreKUALA LUMPUR (Aug 30): Avaland Bhd’s RM145 million Casa Bayu residential development located in its over 400-acre Cybersouth township has achieved a take-up rate of 95%, according to a press statement on Wednesday. “Casa Bayu was designed with our brand purpose in mind and aspires to create a positive change by creating communities and enhancing…
Read MoreKUALA LUMPUR (Aug 30): Ekovest Bhd has proposed to undertake a private placement of up to 10% of its issued shares to strategic and/or institutional investors to raise up to RM117.27 million — mainly to fund the construction cost of the Rapid Transit System (RTS) Link project. As of Aug 21, Ekovest’s issued share capital…
Read MoreKUALA LUMPUR (Aug 30): Malaysia Building Society Bhd (MBSB) reported a net profit of RM83.7 million for the second quarter ended June 30, 2023 (2QFY2023), a decline of 41.18% from RM142.3 million a year ago. The lower net profit was because other operating expenses rose while net income excluding expected credit losses decreased. However, the…
Read MoreKUALA LUMPUR (Aug 30): Bursa Securities has rejected Top Builders Capital Bhd’s revised request for an extension of time to submit its regularisation plan by Dec 29 to the relevant authorities. The local bourse operator will also delist the securities of the company from Bursa Malaysia next Monday (Sept 4), said the piling and engineering…
Read MoreKUALA LUMPUR (Aug 30): Bon Estates wants to improve the connectivity of the Mont’Kiara neighbourhood with plans to construct a direct road link between Jalan Duta Kiara and Jalan Kiara 3. In a media release, Bon Estates stated that this will result “a more efficient route to the main traffic artery” and “a faster connection…
Read MoreKUALA LUMPUR (Aug 29): Berjaya Corp Bhd (BCorp) posted a net loss of RM79.33 million in the fourth quarter ended June 30, 2023 (4QFY2023), against a net profit of RM48.63 million a year ago, due to higher tax expenses. The tax expenses increased to RM77.99 million from RM31.16 million in 4QFY2022, according to the group’s…
Read MoreKUALA LUMPUR (Aug 30): Tropicana Corp Bhd returned to the black in the second quarter ended June 30, 2023 (2QFY2023) with a net profit of RM305,000 or 0.02 sen per share, versus a net loss of RM61.55 million or 3.74 sen per share a year earlier. The group’s revenue more than doubled to RM464.51 million…
Read MoreKUALA LUMPUR (Aug 30): It only takes 65 seconds to get up to The View at 118, the observation deck of Merdeka 118 from the ground floor, according to Tengku Datuk Ab. Aziz Tengku Mahmud, chief executive officer of PNB Merdeka Ventures Sdn Bhd at the media familiarisation trip to the world’s second tallest tower…
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