is preparing for Regulatory Period 4 2025-2027 with significant capital expenditure to support Malaysia’s energy transition and projected growth in electricity demand.said it is buying 855 acres of freehold land in Kuala Muda, Kedah for RM149mn to capitalise on the demand for affordable housing.
Sime Darby Property Bhd’s net profit for the 1QFY2024 jumped 103.7% to RM123.6mn from RM60.7mn in 1QFY2023, as its quarterly revenue hit a record high on higher sales and successful project executions.posted a net profit of RM31.5mn for 1QFY2024 compared to a net loss of RM24.3mn in 1QFY2023, thanks to higher sales volume and lower natural gas prices.
Affin Bank Bhd’s net profit down profit for the 1QFY2024 stood at RM110.2mn, 26% lower YoY, on lower net interest income and other income. Bank Islam Malaysia Bhd posted a net profit of RM129.2mn in 1QFY24, up from RM118.1mn in the year-ago quarter, and expects improved earnings growth as it expands its financing volume, while net interest margin is forecast to stabilise.'s net profit climbed by 42.4% to RM101.8mn in the 3QFY2024, from RM71.5mn a year ago, driven by strong oil and condensate prices of over US$90 per barrel.
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