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


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 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.

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