KUALA LUMPUR: SkyWorld Development Bhd, an urban property developer principally involved in investment holding, provision of management services to its subsidiaries and property development, has achieved a revenue of RM148.3 million and a profit before tax (PBT) of RM27.5 million in its unaudited second quarter results during its financial year ending March 31, 2024 (Q2 FY24). For the quarter under...
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SHAH ALAM: DRB-Hicom Berhad achieved a pre-tax profit (PBT) of RM401.20 million for the first nine months of FY2023. This was on the back of RM12.08 billion in revenue, which increased by 8.2% against the corresponding period last year. For the current quarter ended Sept30, 2023, the Group recorded a revenue of RM4.00 billion. PBT stood at RM115.49 million, compared with RM84.95 million in the...
KUALA LUMPUR: Varia Berhad, an experienced player in the field of construction, property investment, and property development, heralds a new era with a substantial upswing in Q2 FY2024 financial performance and strategic corporate developments. The Group’s transformative steps include the acquisition of Pembinaan Teguh Maju Sdn Bhd (PTM) and a dynamic rebranding to Varia Berhad. In Q2 FY2024, Varia...
PETALING JAYA: Axis Real Estate Investment Trust’s (Axis-REIT) trustee, RHB Trustees Berhad has entered into a sale and purchase agreement to acquire an industrial premise, presently built upon a 637,331 sq. ft. freehold land, from BSS Development Sdn Bhd (BSS) and Matrix IBS Sdn Bhd (Matrix IBS) for a cash consideration of RM48.0 million. Both BSS and Matrix IBS are wholly owned subsidiaries of...
KUALA LUMPUR: Property developer Glomac Bhd reported a lower revenue for the first quarter of the financial year ending April 30, 2024 (Q1’24). It posted a revenue of RM60.1 million, compared with Q1’23 revenue of RM65.5 million. The decrease was attributed to a lower contribution from the property development segment, which recorded a RM6.6 million decrease at RM54.1 million (Q1’23: RM60.7...