Construction Maison

PETALING JAYA: UEM Sunrise Bhd posted a set of commendable results which saw its net profit surged by 73% for the second quarter ended June 30 , 2017, boosted by its higher property development revenue . Net profit for the period stood at RM94.5mil compared with RM54.7mil a year ago. Revenue for the second quarter jumped by 67% to RM897.8mil from RM537.8mil in the same period last year. Earnings per share rose to 2.08 sen from 0.93 sen previously. For the first six months, total revenue increased to RM1.44bil compared with RM795.6mil in the corresponding period in 2016, an increase of about 81%.  Profit after tax rose by 170% to RM155.8mil from RM57.7mil previously. Property development activities contributed 67 % of total revenue for the current period with the three major revenue contributors being Residensi 22 in Mont’Kiara, Aurora Melbourne Central in Melbourne and Teega in Puteri Harbour. Projects in the central region contributed the highest; 42% of property development rev...

Mack- Cali Realty Corp . (NYSE:CLI) Q2 2017 Earnings Conference Call August 03, 2017 08:30 AM ET Executives Michael DeMarco - President and Chief Executive Officer Anthony Krug - Chief Financial Officer Marshall Tycher - Chairman of Roseland Residential Trust Analysts John Guinee - Stiefel Manny Korchman - Citi Jamie Feldman - Bank of America Rob Simone - Evercore ISI Vincent Chao - Deutsche Bank Operator Good day, everyone, and welcome to the Mack- Cali Realty Corporation Second Quarter 2017 Earnings Conference Call . Today's call is being recorded. At this time, I would like to turn the call over to Michael J. DeMarco, President and Chief Executive Officer . Please go ahead, sir. Michael DeMarco Thank you, operator. Good morning, everyone, and thank you for joining the Mack-Cali's second quarter 2017 earnings call . This is Mike DeMarco, the CEO of Mack-Cali. The lovely day in a waterfront, sun shining. I'm joined today by my partners Marshall Tycher , Chairman of Rosel...