Faced with a dynamic property market, property developers are challenged to adapt quickly by offering quality and competitively priced developments for diverse customers in various income brackets.
Demonstrating excellence in this aspect, renowned township developer, LBS Bina Group Berhad (LBS Bina) was celebrated as one of the nation’s ‘Top Ten Developers’ at the recent Property Insight Prestigious Developer Awards (PIPDA) 2018.
Protasco Bhd posted a RM4.3 million pre-tax profit on a 19.1 percent rise in revenue to RM157.5 million for the first quarter, underpinned by higher contributions from its maintenance division.
An increase in periodic road works helped the maintenance division more than double its pre-tax profit to RM10.2 million for the first quarter ended 31 March 2018, compared to RM4.8 million in the same quarter last year.
CIMB Group Holdings Bhd reported a Profit Before Tax (“PBT”) of RM1.74 billion for the first quarter of 2018 (“1Q18”) – representing a 8.0% year-on-year (“Y-o-Y”) growth on the back of lower operating expenses of 6.8% Y-o-Y and a 5.4% Y-o-Y decline in loan loss provisions.
Operating income was 1.3% lower Y-o-Y from lower net interest income and the deconsolidation of CIMB Securities International (“CSI”), partially offset by a RM152 million gain arising from the CSI sale.
The Group’s 1Q18 net profit improved 10.7% Y-o-Y to RM1.31 billion, translating into a net Earnings Per Share (“EPS”) of 14.2 sen and an annualised Return On average Equity (“ROE”) of 10.2%.