Khazanah posts threefold jump in profits, to focus on home market
For 2024, Khazanah plans to focus on assets at home amid volatile and uncertain global markets.
For 2024, Khazanah plans to focus on assets at home amid volatile and uncertain global markets.
Kumpulan Jetson Bhd has initiated a legal action against requisionists of a failed attempt to call for an extraordinary general meeting (EGM) to remove the entire board of directors of the construction group.
Renewable energy player Pekat Group Bhd is selling an industrial freehold land, measuring 12,813.89 sq m, for RM21 million cash, to realise the value of the unused property, with proceeds from the sale to be used for working capital.
Selangor state-controlled Kumpulan Perangsang Selangor Bhd (KPS) is disposing of Plaza Perangsang in Shah Alam, a 36-year old building which the group occupies as its main office, for RM46 million to Perbadanan Kemajuan Negeri Selangor (PKNS).
Property developer Tropicana Corp Bhd is acquiring a piece of leasehold land in Kota Damansara for RM224 million to be developed into a residential area comprising four to five tower blocks of serviced apartments, with an estimated gross development value of about RM2.8 billion.
Southern Score Builders Bhd, formerly known as G Neptune Bhd, has won a contract amounting to RM618.24 million to construct two blocks of apartment suites in Setapak, Kuala Lumpur.
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.
UOA Development Bhd's fourth quarter net profit more than doubled to RM118.72 million from RM53.06 million a year ago, helped by a progressive recognition of its ongoing development projects.
The interest cost was recorded at RM38.8 million compared with RM34.7 million previously.
Quarterly revenue, however, was only marginally down by 0.28% at RM1.687 billion, compared with RM1.692 billion in 2QFY2023.