January 29, 2015 8:01 AM ET

Real Estate Management and Development

Company Overview of Selangor Dredging Bhd

Company Overview

Selangor Dredging Berhad, an investment holding company, is engaged in the property development business in Malaysia and Singapore. The company operates through Property Investment, Hotel Operations, Investment Holding, Property Development, and Others segments. The company also operates a boutique urban resort hotel, known as Hotel Maya Kuala Lumpur. In addition, it is engaged in commercial property leasing, as well as provides management and property support services. The company was founded in 1962 and is based in Kuala Lumpur, Malaysia.

West Block

18th Floor

Wisma Selangor Dredging

142-C, Jalan Ampang

Kuala Lumpur,  50450

Malaysia

Founded in 1962

Phone:

60 3 2161 3377

Fax:

60 3 2161 6651

Key Executives for Selangor Dredging Bhd

Selangor Dredging Bhd does not have any Key Executives recorded.

Selangor Dredging Bhd Key Developments

Selangor Dredging Bhd Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2014

Selangor Dredging Bhd reported unaudited consolidated earnings results for the second quarter and six months ended September 30, 2014. For the quarter, the company reported revenue of MYR 96,253,000 compared to MYR 85,348,000 a year ago. Profit from operations was MYR 18,792,000 compared to MYR 12,547,000 a year ago. Profit before taxation was MYR 15,359,000 compared to MYR 11,591,000 a year ago. Profit attributable to owners of the company was MYR 12,404,000 compared to MYR 9,500,000 a year ago. Basic earnings per share were MYR 2.91 compared to MYR 2.23 a year ago For the six months, the company reported revenue of MYR 183,295,000 compared to MYR 156,147,000 a year ago. Profit from operations was MYR 32,964,000 compared to MYR 28,852,000 a year ago. Profit before taxation was MYR 30,472,000 compared to MYR 23,513,000 a year ago. Profit attributable to owners of the company was MYR 22,985,000 compared to MYR 18,758,000 a year ago. Basic earnings per share were MYR 5.39 compared to MYR 4.40 a year ago. Net cash flows from operating activities were MYR 4,993,000 compared to MYR 27,765,000 a year ago. Purchase of property, plant and equipment was MYR 2,684,000 compared to MYR 1,513,000 a year ago.

Selangor Dredging Bhd Announces New Property Projects

Selangor Dredging Bhd is working on niche property developments with a combined gross development value (GDV) of more than MYR 400 million. The developments slated for launch are superlink homes in JIA@Melawati and SqWhere@Sungai Buloh, a serviced apartment block that is part of a larger commercial development located opposite the Kampung Baru Sungai Buloh MRT station. The company will be launching 79 JIA Melawati link houses by November. The GDV for that will be about MYR 75 million. Next year, the company will be launching the second phase of serviced apartments in Sungai Buloh and that would be around MYR 330 million. All in, the company will be launching projects with GDV of about MYR 500 million in six to nine months. SDB is looking to acquire more landbank. It is on the lookout for suitable locations in Penang, the Klang Valley and Singapore.

Selangor Dredging Seeks Acquisitions

Selangor Dredging Bhd (KLSE:SDRED) (SDB) is seeking acquisitions. SDB Managing Director Teh Lip Kim said, "SDB is looking to acquire more landbank. It is on the lookout for suitable locations in Penang, the Klang Valley and Singapore."

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