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April 19, 2015 11:14 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. It develops service apartments, office suites, and retail/shop offices in Puchong South; courtyard villas and semi-detached villas in Kemensah; green villas and condominium in Subang Jaya; industrial park in the Klang Valley; boulevard shop/offices in Klang Sentral; and semi-detached factories in North Klang. 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, Level 16

First Subang

Jalan SS15/4G

Subang Jaya,  47500


Founded in 2012


60 3 8022 9999


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 Appoints Tan Kian Whoo as Chief Financial Officer

Titijaya Land has appointed Tan Kian Whoo as Chief Financial Officer. The effective date is March 13, 2015. Mr. Tan Kian Whoo is a member of The Certified Practising Accountant, Australia (CPA Australia) and a Chartered Accountant of the Malaysian Institute of Accountant. Working experience and occupation Mr. Tan Kian Whoo has more than 10 years of experience in finance management, financial reporting, corporate finance, treasury reporting, auditing and taxation. He began his career with Ernst & Young as an external auditor. Prior to joining the Company, he has held various senior finance positions in other commercial organisations.

Titijaya Land Berhad Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2014

Titijaya Land Berhad reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2014. For the quarter, revenue was MYR 66,190,000 against MYR 71,776,000 last year. Profit before taxation was MYR 25,572,000 against MYR 21,460,000 last year. Profit attributable to owners of the parent was MYR 18,153,000 or 4.86 sen per diluted share against MYR 15,602,000 or 4.81 sen per diluted share last year. Revenue decreased due mainly to completion of its projects, Subang Parkhomes and Galleria. The group reported a higher profit after tax due mainly to contribution from higher margin project, Seri Alam. For the six months, revenue was MYR 153,919,000 against MYR 138,506,000 last year. Profit before taxation was MYR 56,611,000 against MYR 45,546,000 last year. Profit attributable to owners of the parent was MYR 41,145,000 or 11.05 sen per diluted share against MYR 32,818,000 or 10.65 sen per diluted share last year. Net operating cash flows were MYR 70,352,000 against MYR 67,510,000 last year. Purchase of property, plant and equipment was MYR 174,000 against MYR 236,000 last year.

Titijaya Land Berhad Announces Unaudited Consolidated Earnings Results for the First Quarter Ended September 30, 2014

Titijaya Land Berhad announced unaudited consolidated earnings results for the first quarter ended September 30, 2014. For the quarter, the company reported revenue of MYR 87,729,000 against MYR 66,730,000 a year ago. Profit before taxation was MYR 31,039,000 against MYR 24,086,000 a year ago. Net profit for the period attributable to owners of the parent was MYR 22,992,000 or 6.19 send per diluted share against MYR 17,216,000 or 5.90 send per diluted share a year ago. Net cash generated from operations was MYR 54,844,000 against MYR 81,864,000 a year ago. Net operating cash flows were MYR 50,624,000 against MYR 79,214,000 a year ago. Purchase of property, plant and equipment was MYR 79,000 against MYR 14,000 a year ago. The revenue for the current quarter was mainly derived from the company's property development activities which contributed approximately 99.65% of the company's total revenue for the current quarter, while rental income contributed approximately 0.35% to the company's group revenue respectively. Net assets per share attributable to ordinary equity holders of the parent as on September 30, 2014 were MYR 1.22 against MYR 1.15 as on June 30, 2014.

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