February 20, 2017 6:07 AM ET

Real Estate Management and Development

Company Overview of Titijaya Land Berhad

Company Overview

Titijaya Land Berhad, an investment holding company, engages in the property development activities in Malaysia. The company develops housing and commercial units, including residential houses, shop offices, retail lots, semi-detached factory units and houses, serviced apartments, small office home office units, SOFO units, and mixed development and other commercial properties. It also offers management services. The company was formerly known as Meridian Flagship Berhad and changed its name to Titijaya Land Berhad in August 2012. The company was incorporated in 2012 and is headquartered in Subang Jaya, Malaysia. Titijaya Land Berhad is a subsidiary of Titijaya Group Sdn. Bhd.

N-16-01, Penthouse

Level 16

First Subang

Jalan SS15/4G

Subang Jaya,  47500

Malaysia

Founded in 2012

Phone:

60 3 8022 9999

Fax:

60 3 8022 9888

Key Executives for Titijaya Land Berhad

Titijaya Land Berhad does not have any Key Executives recorded.

Titijaya Land Berhad Key Developments

Titijaya Land Bhd Announces Unaudited Consolidated Earnings Results for the First Quarter Ended September 30, 2016; Provides Earnings Guidance for the Year Ending June 30, 2017

Titijaya Land Bhd announced unaudited consolidated earnings results for the first quarter ended September 30, 2016. For the quarter, the company reported revenue of MYR 107,559,000 compared to MYR 84,530,000 a year ago. Profit before taxation was MYR 27,241,000 compared to MYR 27,545,000 a year ago. Net profit for the period was MYR 20,042,000 compared to MYR 20,634,000 a year ago. Profit attributable to owners of the company was MYR 20,043,000 or 4.93 sen per diluted share compared to MYR 20,632,000 or 5.61 sen per diluted share a year ago. Net operating cash outflows were MYR 18,232,000 compared to net operating cash inflows of MYR 8,796,000 a year ago. Purchase of property, plant and equipment was MYR 726,000 compared to MYR 38,000 a year ago. The increase in revenue was mainly contributed by the completion of projects Seri Alam Phase I & II. Ongoing projects, H2O and Seri Alam Residensi have also contributed to the increases in revenue. The increase in profit after tax in current quarter by 35% compared to the immediate preceding quarter mainly resulted from the progress recognition in Seri Residensi, Seri Alam Phase I & II. Based on the Group's ongoing and upcoming projects, the Board is hopeful that the Group's performance for the financial year ending June 30, 2017 will be satisfactory through the continuous sales and upcoming development project launches at the strategic location.

Titijaya Land Berhad Approves Amendment to the Articles of Association

Titijaya Land Berhad announced at its AGM was held on November 23, 2016, the shareholders approved the amendments to the Articles of Association.

Titijaya Land Berhad, Annual General Meeting, Nov 23, 2016

Titijaya Land Berhad, Annual General Meeting, Nov 23, 2016, at 10:00 Singapore Standard Time. Location: Level G, SS15 Courtyard@First Subang Jalan SS15/4G, 47500 Subang Jaya Darul Ehsan Selangor Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 30 June 2016 together with the Reports of the Directors and Auditors Reports thereon; to approve the declaration of a final single-tier dividend of 0.5 sen per ordinary share for the financial year ended 30 June 2016; to approve the payment of Directors' fees amounting to MYR 294,000.00 for the financial year ended 30 June 2016; to approve re-election of Directors; to re-appoint Baker Tilly Monteiro Heng as the Company's Auditors for the ensuing year and to authorise the Board of Directors to determine their remuneration; to approve authority to Issue Shares Pursuant to Section 132D of The Companies Act, 1965; to approve proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature; and to approve other matters.

Similar Private Companies By Industry

Company Name Region
1MDB Real Estate Sdn Bhd Asia
A & G Development Sdn. Bhd. Asia
A&M Concrete Products Sdn Bhd Asia
A.S.K. Holdings Sdn. Bhd. Asia
Able Starship Sdn. Bhd. Asia

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 22, 2016
Premsdale Development Sdn. Bhd.
Merger/Acquisition
September 30, 2016
NPO Builders Sdn. Bhd.
Merger/Acquisition
February 23, 2016
Tamarind Heights Sdn. Bhd.
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Bloomberg L.P. United States
The Advertising Council, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Titijaya Land Berhad, please visit www.titijaya.com.my. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.