KTI Landmark posts RM8.5 mil profit in FY2024, holds first AGM since IPO
Published on: Thursday, May 29, 2025
Published on: Thu, May 29, 2025
By: Larry Ralon Text Size: Hamzah (middle) talking to the media after the AGM. KOTA KINABALU: Sabah-based property developer KTI Landmark Berhad (KTI:0308) reported a profit after tax of RM8.5 million for the financial year ended 31 December 2024, alongside RM175.4 million in revenue, marking a key milestone with its first AGM since listing on the ACE Market in June 2024. The Group recorded RM267.8 million in total sales and RM294.4 million in unbilled sales, maintaining a solid performance despite RM1.96 million in listing-related expenses. As of year-end, its outstanding order book stood at RM214 million with a total GDV of RM2.73 billion. Chairman Dato' Haji Hamzah Ghazalli highlighted KTI's transformation since its 1984 founding, recent eco-friendly projects like Ayuria Place and The Logg in Luyang, and strategic partnerships with LPPB and PPAM to meet housing demand in Sabah. KTI is leveraging Malaysia's construction sector rebound, driven by public infrastructure and housing, by integrating sustainability, green building methods, and digital innovation into its developments. With shares closing at RM0.410 and a market cap of RM328 million, KTI aims to expand its landbank, diversify partnerships, and strengthen its ESG leadership as part of its long-term strategy to shape Sabah's property landscape. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available.
Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Express
an hour ago
- Daily Express
Shahelmey: JANS to send hourly water reports to UMS
Published on: Tuesday, June 03, 2025 Published on: Tue, Jun 03, 2025 By: Aishah Abdullah Text Size: PUTATAN: Sabah Deputy Chief Minister Datuk Ir Shahelmey Yahya said the Sabah State Water Department (JANS) will now provide hourly water level reports for the R13 tank at Universiti Malaysia Sabah (UMS) to help the university manage its water pumping schedule. The decision follows a site visit and discussions between JANS and UMS management over recent water supply disruptions on campus. Although the tank receives sufficient water, a faulty indicator misled UMS, complicating pump operations. JANS will send hourly updates until a new indicator is installed within one to two weeks. Shahelmey also instructed JANS to log daily supply data for May, which showed sufficient water supply since May 19. A temporary pump failure between May 14–19 may have caused earlier issues. On reports of students considering legal action against JANS, Shahelmey said it reflects critical student leadership but stressed the priority is ensuring steady water supply, especially during exams. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Daily Express
2 hours ago
- Daily Express
Malaysia eyes regional TVET hub through global partnerships
Published on: Tuesday, June 03, 2025 Published on: Tue, Jun 03, 2025 By: FMT Reporters Text Size: Deputy prime minister Ahmad Zahid Hamidi is currently on a working visit to the UK. (Facebook pic) PETALING JAYA: Deputy Prime Minister Ahmad Zahid Hamidi says Malaysia is forming strategic ties with international institutions to position itself as a regional centre for technical and vocational education and training (TVET). During his UK visit, Zahid said Malaysia aims to attract ASEAN students while maintaining local opportunities, using platforms like the ASEAN TVET Council. He also discussed TVET collaboration with ASEAN ministers. Zahid added that Malaysia is ready to lead in producing world-class skilled talent through global and regional cooperation. He also met UK environment secretary Steve Reed to discuss climate change, disaster management, and bilateral cooperation, highlighting the need for tech-driven solutions and greater public awareness on pollution issues in Malaysia. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Daily Express
2 hours ago
- Daily Express
Close Anwar-Paetongtarn bond spurs economic, strategic collaboration
Published on: Tuesday, June 03, 2025 Published on: Tue, Jun 03, 2025 By: FMT Reporters Text Size: Regular communication between Prime Minister Anwar Ibrahim and Thai prime minister Paetongtarn Shinawatra has paved the way for more strategic collaboration, said Thai foreign minister Maris Sangiampongsa. (Bernama pic) PETALING JAYA: Malaysia and Thailand are entering a new phase of stronger bilateral ties driven by the close relationship between Prime Minister Anwar Ibrahim and Thai prime minister Paetongtarn Shinawatra, says a senior Thai official. Thai foreign minister Maris Sangiampongsa said the rapport between the two leaders reflected a growing partnership focused on cooperation across multiple sectors, especially in border regions, reported Bernama. 'The prime ministers have built a strong bond. This opens up opportunities, not just in trade and investment, but also in security,' he told Bernama during the 46th Asean Summit held here recently. He added that regular communication between both leaders had strengthened mutual understanding and paved the way for more strategic collaboration. Thailand remains a key economic partner for Malaysia. In 2024, it was Malaysia's seventh-largest trading partner globally and third-largest within Asean, with total trade reaching US$25.03 billion (RM114.56 billion). Trade between the two countries rose to US$3.96 billion (RM17.65 billion) from January to February this year, up from US$3.67 billion (RM16.80 billion) in the same period last year. Both governments are committed to developing the shared border into a vibrant economic corridor, focusing on trade, investment, and cross-border infrastructure to enhance connectivity. Efforts are also underway to integrate special border economic zones to further boost trade and investment in the border areas, which currently account for over 30% of total bilateral trade. Maris described joint border development as a model of mutually beneficial cooperation. He pointed to sectors with high potential – including the halal industry, palm oil, and rubber – as areas for further collaboration. 'While both governments can facilitate opportunities, success depends on strong private sector participation,' he said. 'There are solid policies in place that can support greater business collaboration and regional development.' Anwar and Paetongtarn have maintained regular contact through meetings and phone calls. They have met three times to date: in Putrajaya in December, Bangkok in April, and most recently at the Asean Summit in Kuala Lumpur. They have also agreed to hold a joint Cabinet meeting later this year at the Sadao-Bukit Kayu Hitam border area. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
