Nadayu Properties Berhad, an investment holding company, engages in the investment, development, and management of residential and commercial properties in Malaysia. It is also involved in the rental of investment properties. The company was formerly known as Mutiara Goodyear Development Berhad and changed its name to Nadayu Properties Berhad in June 2011. The company was founded in 1976 and is based in Kuala Lumpur, Malaysia. Nadayu Properties Berhad operates as a subsidiary of ATIS IDR Ventures Sdn Bhd.
Menara Standard Chartered
30, Jalan Sultan Ismail
Kuala Lumpur, 50250
Founded in 1976
Nadayu Properties Berhad Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013
Nov 27 13
Nadayu Properties Berhad reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported revenue of MYR 1,863,000 against MYR 87,811,000 for the same period a year ago. Loss from operating activities was MYR 3,915,000 against profit from operating activities of MYR 9,238,000 for the same period a year ago. Profit before tax was MYR 345,000 against MYR 8,258,000 for the same period a year ago. Profit and total comprehensive income for the period attributable to owners of the company was MYR 599,000 or MYR 0.26 per basic share against MYR 5,713,000 or MYR 2.48 per basic share for the same period a year ago. Lower profit for the current quarter was mainly due to no completed project under current quarter as compared to preceding quarter.
For the nine months, the company reported revenue of MYR 150,216,000 against MYR 109,351,000 for the same period a year ago. Profit from operating activities was MYR 21,545,000 against MYR 3,711,000 for the same period a year ago. Profit before tax was MYR 23,506,000 against MYR 6,689,000 for the same period a year ago. Profit and total comprehensive income for the period attributable to owners of the company was MYR 17,256,000 or MYR 7.59 per basic share against MYR 5,422,000 or MYR 2.36 per basic share for the same period a year ago. Net cash used in operating activities was MYR 14,292,000 and acquisition of PPE was MYR 150,000 against MYR 612,000 for the same period a year ago.
Nadayu Announces Incorporation of Wholly-Owned Sub-Subsidiary Company
Oct 30 13
The Board of Directors of Nadayu announced that the company had on 30 October 2013 incorporated a wholly-owned sub-subsidiary company known as 'Nada Ayu Sdn Bhd' (NASB) which was held via a wholly-owned subsidiary of Nadayu, Pembangunan Bandar Mutiara Sdn Bhd and Nadayu. The incorporation of NASB is not expected to have any material effect on the earnings or net assets of Nadayu Group for the financial year ending 31 December 2013.
Nadayu Properties Berhad, Special/Extraordinary Shareholders Meeting, Nov 18, 2013
Oct 11 13
Nadayu Properties Berhad, Special/Extraordinary Shareholders Meeting, Nov 18, 2013., at 10:00 Singapore Standard Time. Location: Millennium Ballroom, Level 2,. Agenda: To pass resolution that subject to all approvals being obtained from the relevant authorities, approval be and is hereby given to PBMSB to dispose of its 30% equity interest held in TIDSB and 40% equity interest held in PSB to TILB for a total consideration of MYR 88,194,216 to be satisfied via a combination of cash of MYR 16,694,216 and 55,000,000 new ordinary shares of MYR 0.50 each in TILB at an issue price of MYR 1.30 per TILB Share subject to the terms and conditions as stipulated in the Share Purchase Agreement dated June 21, 2013 and that the Board of Directors of the company, be and are hereby empowered and authorized to take all such steps and do all such acts, deeds and things to enter into any arrangements, transactions, agreements and/or undertakings and to execute, enter into, sign and deliver for and on behalf of the company, all such documents as it may deem necessary.