Latest news with #LBS
The Star
4 days ago
- Business
- The Star
LBS RECORDS ROBUST GROWTH
'We are encouraged by the strong start to 2025, having secured RM281.2mil in sales and an additional RM256mil in bookings,' said Lim. PETALING JAYA: LBS Bina Group Bhd, a leading property developer guided by people-first values, announced its impressive unaudited financial results for the first quarter of the financial year ending Dec 31 (Q1FYE2025). Following the successful completion of multiple projects in 2024, the group maintained its growth by focusing on new developments to sustain its trajectory. The group's higher progressive site construction activities enabled revenue to jump 15% to RM329.2mil in Q1FYE2025 from RM287.1mil in the preceding quarter. Led by flagship projects in particularly KITA @ Cybersouth, LBS Alam Perdana, Prestige Residence and Idaman projects, LBS' Klang Valley developments continued to be the key driver, where it accounted for over 86% of Q1FYE2025's revenue. The higher revenue – among other things – contributed to a higher profit after tax of RM32.5mil in Q1FYE2025, which was more than double the preceding quarter's RM15.8mil. LBS group executive chairman Tan Sri Ir Dr Lim Hock San said, 'We are encouraged by the strong start to 2025, having secured RM281.2mil in sales and an additional RM256mil in bookings. 'This performance is driven by the robust demand for the state-of-the-art light and medium factories in our Alam Perdana Industrial Park, further boosted by Cameron Centrum, following the successful launch of Centrum Iris, its second precinct and largest mixed development, earlier this year. 'The strong uptake, in both these projects, reflects the strong market confidence in our developments and reinforces our strategy of delivering market-driven projects that cater to real demand.' He added, 'Guided by our 8 x 8 strategy, we are focused on launching a robust pipeline of projects over the next three years, boasting a total gross development value (GDV) of RM8bil. 'This, combined with our sizeable 1,535ha of landbank and RM1.61bil in unbilled sales, we are well positioned for sustainable growth, providing clear visibility of our future revenue and earnings.' Lim explained: 'Moreover, we are exploring opportunities to expand our presence in Melaka with our recent memorandum of understanding (MoU) to develop a mixed-use industrial development project with an estimated GDV exceeding RM7bil. 'We are excited about the potential growth opportunities and looking ahead, we maintain a cautiously optimistic outlook and will continue to respond with agility to evolving market demands while building on our strengths to drive sustainable growth.' In a testament of the group's commitment to shareholder returns, the Board has proposed a final single-tier dividend of 1.10 sen per ordinary share in respect of the financial year ended Dec 31, 2024. This is subject to the shareholders' approval at the forthcoming 25th annual general meeting on June 26. Upon approval, the cumulative dividend payout for 2024, including a first interim single-tier dividend of 1.00 sen per ordinary share and a special single-tier dividend of 2.60 sen per ordinary share, is 4.70 sen per ordinary share or RM73.2mil in total. This represents a 30% payout ratio, in line with the group's dividend policy.
Yahoo
23-05-2025
- Business
- Yahoo
Brompton Funds Declare Distributions
TORONTO, May 23, 2025 (GLOBE NEWSWIRE) -- (TSX: DGS, GDV, LBS, LCS, PWI, SBC) – Brompton Funds announces distributions payable on June 13, 2025 to class A shareholders of record at the close of business on May 30, 2025 for each of the following funds: Ticker Amount Per Share Dividend Growth Split Corp. ('DGS') DGS $ 0.10 Global Dividend Growth Split Corp. ('GDV') GDV $ 0.10 Life & Banc Split Corp. ('LBS') LBS $ 0.10 Brompton Lifeco Split Corp. ('LCS') LCS $ 0.075 Sustainable Power & Infrastructure Split Corp. ('PWI') PWI $ 0.085 Brompton Split Banc Corp. ('SBC') SBC $ 0.10 Brompton Funds announces distributions payable on June 13, 2025 to preferred shareholders of record at the close of business on May 30, 2025 for the following fund: Ticker Amount Per Share Dividend Growth Split Corp. $ 0.16875 The funds noted above offer distribution reinvestment plans ('DRIP') for class A shareholders which provide class A shareholders with the ability to automatically reinvest distributions, commission free, and realize the benefits of compound growth. Class A shareholders can enroll in a DRIP program by contacting their investment advisor. About Brompton FundsFounded in 2000, Brompton is an experienced investment fund manager with income and growth focused investment solutions including exchange-traded funds (ETFs) and other Toronto Stock Exchange ('TSX') traded investment funds. For further information, please contact your investment advisor, call Brompton's investor relations line at 416-642-6000 (toll-free at 1-866-642-6001), email info@ or visit our website at You will usually pay brokerage fees to your dealer if you purchase or sell units or shares of the investment funds on the TSX or other alternative Canadian trading system (an 'exchange'). If the units or shares are purchased or sold on an exchange, investors may pay more than the current net asset value when buying units of the investment fund and may receive less than the current net asset value when selling them. There are ongoing fees and expenses associated with owning units or shares of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about a fund in the public filings available at Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. Certain statements contained in this document constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this document and to other matters identified in public filings relating to the funds, to the future outlook of the funds and anticipated events or results and may include statements regarding the future financial performance of the funds. In some cases, forward-looking information can be identified by terms such as 'may', 'will', 'should', 'expect', 'plan', 'anticipate', 'believe', 'intend', 'estimate', 'predict', 'potential', 'continue' or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances.
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Business Standard
20-05-2025
- Politics
- Business Standard
Delhi cabinet clears sanitation, dust plan to cut road pollution: CM
Delhi Chief Minister Rekha Gupta on Tuesday said the cabinet has approved a comprehensive sanitation and dust control plan for the Public Works Department (PWD). Under this plan, the cabinet has approved the procurement of advanced cleaning machines to reduce pollution on Delhi roads. In a statement, she said under this initiative, a range of equipment will be deployed on PWD-maintained roads to combat dust pollution. They include 250 water sprinkler machines integrated with anti-smog guns and 70 Mechanical Road Sweeping (MRS) machines integrated with 210 water sprinkler machines and anti-smog guns, 18 dump vehicles and 18 water tankers. All these machines are expected to be fully operational on Delhi roads before the onset of winter. The Environment Department will provide the necessary budget to the PWD under the 'Pollution Control and Emergency Measures' scheme for the deployment of the machines, she said. These machines will be used exclusively for dust cleaning on roads and can be deployed across Delhi as needed with the goal of improving overall air quality. Gupta said the cabinet also approved the proposal of Directorate of Education to reinstate the name of the scheme namely 'Lal Bahadur Shastri Scholarship to Meritorious Students' in place of 'Chief Minister Scholarship for Meritorious Students'. "In 2019-20, the 'Lal Bahadur Shastri Scholarship for Meritorious Students (LBS)' scheme was discontinued and restructured under a new name -- Chief Minister Scholarship for Meritorious Students -- by the previous government. The current government has now reinstated the original name of the scheme as 'Lal Bahadur Shastri Scholarship for Meritorious Students (LBS)', while retaining the existing eligibility criteria," she said. Under this scheme, students from Class VII to XII studying in government schools who have secured 80 per cent or above marks in the previous academic year are awarded a scholarship of Rs 2,500 per annum, she added.
Observer
19-05-2025
- Business
- Observer
CEO programme: RAM celebrates achievements of 35 C-suite executives
MUSCAT: The Royal Academy of Management (RAM) celebrated the achievements of 35 C-suite executives, all private sector leaders, who recently completed the National CEO Programme. Held under the auspices of Sayyid Khalid bin Hilal al Busaidy, Minister of the Diwan of Royal Court and Chairman of the Board of Trustees at the Royal Academy of Management, the graduation ceremony reflected Oman's ongoing commitment to enhance leadership capabilities at the national level, which is in line with the priorities of Oman Vision 2040 and the directives of His Majesty Sultan Haitham bin Tarik to invest in human capital and strengthen institutional excellence. The National CEO Programme is a flagship initiative designed to equip private sector executives with the tools to lead effectively in today's complex and dynamic work environment. The participants undertook an eight-month immersive learning journey consisting of five core modules, interactive workshops, coaching sessions, field visits and exposure to global business trends. Hiba al Hinai, Programme Manager at the Royal Academy of Management, emphasised the national significance of the National CEO Programme and its alignment with Oman's ambition to empower future-ready leaders. She noted that since the launch of the programme in 2014, the National CEO Programme underscored the requirement for continued investment in executive talent to boost the private sector's competitiveness and inspire future generations. Helen Kerkentzes, Associate Dean for Executive Education at LBS, praised the fruitful collaboration with RAM, enabling the delivery of a truly distinguished learning experience. She expressed her pride in the partnership and commended the joint efforts that contributed to the programme's success. Eng Hamad bin Abdullah al Maamari, Executive General Manager, Technical Services and Decarbonisation Executive, Oman LNG, reflected on the transformative nature of the experience he shared with his fellow participants. He highlighted several key moments during the programme that significantly shaped their leadership development and broadened their strategic perspective. In his closing remarks, he extended his appreciation to the teams at RAM and LBS, as well as the subject matter experts, speakers and facilitators who enriched the programme with global insights and international best practices. Reflecting on his experience, Adnan bin Ahmed al Shuaili, Co-founder and CEO of eMushrif, said, 'The programme offered a series of enriching hands-on experiences, including in-depth case studies of leading global corporations and insights into how strategic decisions are made. It also featured immersive field visits that introduced us to international business cultures, making it an exceptional executive programme.' Dukhan bin Abdullah al Foori, Corporate Planning Manager at CCED, added, 'It was a privilege to join this inspiring community of national leaders. Beyond the skills and knowledge gained, the programme transformed my understanding of leadership.' Yousuf bin Ahmed al Busaidy, Senior Legal Counsel, Co-Founder, and Deputy Manager at Asyad, commented, 'The National CEO Programme was a defining moment in my career. Its rigorous academic content and diverse practical experiences have equipped me with the mindset and tools required to contribute actively to Oman's development and long-term prosperity.'
The Star
16-05-2025
- Business
- The Star
LBS, Oriental Holdings join forces for Melaka's future city
The Memorandum of Understanding (MoU) signing ceremony between LBS and Oriental Holdings Bhd was witnessed by (from left) Melaka state finance officer Datuk Salhah Salleh, Melaka state secretary Datuk Azhar Arshad, Loh, Ab Rauf, Hock San, Daniel Lim and Oriental Holdings group chief financial officer Wong Tet Look. MELAKA: A major development corridor spanning from Kota Laksamana to Klebang here has been earmarked as the future state capital, said Melaka Chief Minister. Datuk Seri Ab Rauf Yusoh said that the upcoming city would act as a catalyst for growth in the tourism, industrial and commercial sectors of the state. "This initiative will play a vital role in supporting the state government's plans under the Straits of Malacca Special Economic Zone (SM-WEZ), envisioned as a 'Future Maritime City' and the new administrative capital," he said. Ab Rauf emphasised that the Melaka Government remains committed to taking proactive steps to support private sector involvement in developing high-technology industrial sectors. He made these remarks during the signing of a Memorandum of Understanding (MoU) between property developer LBS Bina Group Bhd (LBS) and diversified conglomerate Oriental Holdings Bhd. The two parties will collaborate on a mixed-use industrial development project. The MoU was signed by LBS executive director Datuk Seri Daniel Lim and Oriental Holdings executive chairman Datuk Loh Kian Chong. LBS executive chairman Tan Sri Ir Dr Lim Hock San, who was present, said the MOU marks a key step in their southern expansion, reinforcing their commitment to regional growth and people-focused communities. 'In partnership with Oriental Holdings, we are excited to shape Klebang into a vibrant, sustainable township. By combining our expertise and shared vision, we aim to deliver lasting value, both in building sustainable developments and uplifting Melaka's economic and social landscape. 'We look forward to a strong, long-term partnership built on shared goals and mutual success.' Ab Rauf also noted that this partnership marks the first strategic collaboration between LBS and Oriental Holdings. He expressed confidence that the synergy between the two companies, drawing on their combined expertise, experience and resources will yield significant benefits for the state. "This partnership is expected to be a driving force behind more sustainable and competitive development in the state.' He added that the initiative forms part of efforts to strengthen the industrial and commercial landscape through strategic public-private collaboration, in line with the state's agenda for progressive, inclusive and sustainable development. The agreement, he said, involves a high-impact development in the strategic Klebang area, comprising residential, commercial and industrial components. One of the key projects includes an integrated development spanning over 227ha, which will feature a blend of industrial zones, a logistics hub, commercial lots, business spaces and clusters of modern residential units. Ab Rauf stated that the project would significantly contribute to the progress of the SM-WEZ. "It's expected to address last-mile connectivity challenges within the core zone of the SM-WEZ blueprint. "I believe that development along this coastal economic corridor will enhance investor confidence and unlock broader opportunities for capital inflows and long-term economic sustainability," he said. Ab Rauf also noted that the project's strategic location, positioned between three current and planned key ports, would provide a competitive advantage. "The presence of nearby shipbuilding and maintenance industries will further support the area's emergence as a new central business and commercial hub,' he said. In a statement, LBS said the project has an estimated gross development value (GDV) exceeding RM7bil. "Klebang was selected due to its strategic position within the SM-WEZ, offering high growth potential through coastal access, expanding infrastructure and alignment with Melaka's long-term economic transformation plan,' the company said. The development is primarily aimed at meeting the needs of small and medium enterprises (SMEs), particularly those operating in oil and gas production, manufacturing, food and beverage supply chains, as well as logistics and warehousing. The statement also highlighted the project's location along a main access road, adding that the industrial units will possess commercial value, functioning as retail showroom warehouses.
