Capital World posts Q2 net profit of RM17.4m
Singapore
MALAYSIAN property developer Capital World posted a net profit of RM17.4 million (S$5.9 million) for its second quarter ended Dec 31, 2017, up 90 per cent from RM9.2 million a year ago, on the back of an increase in revenue due to higher percentage of works completed.
Revenue soared to RM46 million for the quarter, up from RM18 million previously, mainly due to higher revenue recognition from Capital 21, the retail podium component of the group's mixed development project in Johor, Malaysia, and its serviced suites component, Capital Suites, which is in line with higher percent…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Cordlife files police report against former employees for ‘potential wrongdoings’
Michelin challenges EU’s hunt for evidence of tyre cartel
First Resources denies allegations of links to firms clearing forests in Indonesia
US: Wall St opens higher on megacaps boost; earnings, Fed comments
Abbott beats quarterly profit estimates on strong medical device sales
Tesla asks investors to approve Musk’s US$56 billion pay again