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WCT Group achieves higher net profit of RM31 million in Q2FY2024

PETALING JAYA: WCT Holdings Berhad, an investment holding company with businesses in engineering and construction, property development, and investment in and management of retail malls and hotels, recorded revenue of RM376 million in the second quarter ended June 30, 2024 (Q2FY24) as compared to RM424 million in the preceding year’s corresponding quarter which ended on June 30, 2023 (Q2FY23). The...

Paramount sets higher target after bumper year

PETALING JAYA: Paramount Corp Bhd remains bullish about the market outlook and plans to surpass its previous sales target of RM1.4bil for financial year 2024 (FY24), supported by its seven new launches with an estimated gross development value (GDV) of RM2.4bil. TA Securities Research said the seven new launches include...

S P Setia Berhad reports 25% higher revenue for Q3 2023

KUALA LUMPUR: S P Setia Berhad released its financial results for the third quarter of 2023 today, showcasing excellent sales achievements and sustained growth. The Group’s net profit stands at RM51.8 million in the third quarter ended Sept 30, 2023. Its revenue grew 25% to RM1.08 billion from RM860.9 million QoQ. The Group secured total sales of RM3.89 billion for the nine months ended Sept 30,...

KIP REIT posts higher net profit of RM10.4m for first quarter

PETALING JAYA: KIP Real Estate Investment Trust (KIP REIT) registered a gross revenue of RM22.4 million for the first quarter ended Sept 30, 2023 (Q1’24) which translated to a 15.6% increase compared with RM19.3 million in the preceding year’s corresponding quarter. Net property income rose by 15.2%, year-on-year, to RM16.5 million. KIP REIT reported an 18.2% increase in realised profit after tax...

MRCB property division achieves 11% higher sales

PETALING JAYA: Malaysian Resources Corp Bhd’s (MRCB) growth is expected to be driven by the redevelopment of Stadium Shah Alam and Kuala Lumpur Sentral Station, its RM30bil tender book and the newly launched RM1.2bil Vista residential project in the Gold Coast, Australia. Its strategy to expand business overseas has...

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