PETALING JAYA: Global packaging manufacturer and property developer Scientex Bhd delivered record results for the financial year ended July 31, 2024 (FY24), with revenue increasing 9.8% to RM4.5 billion, and net profit surging 24.4% to RM545.2 million. The improved performance was primarily driven by robust demand in the property division, which recorded a 29.7% year-on-year increase in revenue to...
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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...
JOHOR BAHRU: Industrial REIT AME Real Estate Investment Trust (AME REIT) recorded a 6.7% increase in net property income (NPI) to RM11.4 million in the first quarter ended June 30, 2024 (1Q25) from RM10.7 million in the previous corresponding quarter (1Q24). The growth was driven by a 8.2% rise in rental income to RM12.3 million from RM11.4 million previously, attributed to contribution from an...
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 higher revenue of RM467 million in the first quarter ended March 31, 2024 (Q1FY24) as compared to RM405 million in the preceding year’s corresponding quarter ended 31 March 31, 2023 (Q1FY23)....
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...
KUALA LUMPUR: KIP Real Estate Investment Trust (REIT) will focus on retail for growth but is open to improving its industrial portfolio when the right chance comes along. “The retail segment will remain as the primary engine of growth for KIP REIT. That said, we are on the lookout to enhance our industrial portfolio if...
KUALA LUMPUR: Matrix Concepts Holdings Bhd expects to see healthy demand moving forward, particularly at its flagship Sendayan Developments, as there is a growing inclination for Klang Valley residents to relocate outside of the city centre. "Supported also by an established and broadened sales channel through digital...
PETALING JAYA: Sunway REIT’s net profit decreased to RM72.19 million in the second quarter ended June 30, 2023 (Q2’23) compared with RM74.51 million in the corresponding quarter in the previous year, due to higher finance costs from the overnight policy rate increases in 2022 and May 2023. Revenue rose to RM166.53 million compared with RM144.51 million in the same quarter last year, primarily...
KUALA LUMPUR: Sasbadi Holdings Berhad, a leading publisher and education solutions provider, has reported strong financial results for the third quarter of its financial year ending August 31, 2023 (3QFY2023). The company's net profit has more than doubled, rising to RM4.61 million from RM2.03 million in the same quarter of the previous year. This robust growth was mainly driven by the increase of...