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Last 0.42 MYR
Change Today 0.00 / 0.00%
Volume 451.9K
As of 4:50 AM 06/2/15 All times are local (Market data is delayed by at least 15 minutes).

ivory properties group bhd (IVORY) Snapshot

Open
0.42
Previous Close
0.42
Day High
0.43
Day Low
0.42
52 Week High
07/31/14 - 0.66
52 Week Low
12/16/14 - 0.37
Market Cap
187.1M
Average Volume 10 Days
1.4M
EPS TTM
0.05
Shares Outstanding
445.5M
EX-Date
--
P/E TM
8.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for IVORY PROPERTIES GROUP BHD (IVORY)

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ivory properties group bhd (IVORY) Details

Ivory Properties Group Berhad, an investment holding company, is engaged in the development of real estate properties in Malaysia. The company’s property portfolio includes medium to high-end apartments, condominiums, semi-detached and bungalows, boutique gated communities, retail and commercial lots, and others. It also provides property management and tenancy management services; and engineering and architectural consultancy services. In addition, the company is involved in the building and construction activities; operation of food and beverage, and entertainment outlets; provision of advertising services; sub-letting of properties; and general trading activities, as well as provision of utilities services to tenants and owners under its management. Further, it operates as an interior designer and contractor in interior decoration and furnishing. The company was founded in 1999 and is headquartered in George Town, Malaysia.

Founded in 1999

ivory properties group bhd (IVORY) Top Compensated Officers

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Executives, Board Directors

ivory properties group bhd (IVORY) Key Developments

Ivory Properties Group Berhad Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Ivory Properties Group Berhad announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenue of MYR 56,908,000 compared to MYR 90,648,000 for the same period a year ago. Profit from operating activities was MYR 3,494,000 compared to MYR 12,942,000 for the same period a year ago. Profit before tax was MYR 295,000 compared to MYR 14,452,000 for the same period a year ago. Profit attributable to owners of the company was MYR 489,000 or 0.11 sen per basic share compared to MYR 9,119,000 or 2.05 sen per basic share for the same period a year ago. Higher profit before tax achieved for property development and management segment was partially offset by the loss incurred for the construction contract segment in current financial period as a result of higher operating expenses and overhead in construction contract segment. The higher profit before tax in the preceding year corresponding quarter was mainly due to profit contribution from The Peak Residences, CMCR and The Wave projects. Revenue for the current financial quarter was principally derived from the property development and management segment which has decreased from MYR 88.9 million in the preceding year corresponding quarter to MYR 45.0 million in the current financial quarter. The current financial quarter's revenue was mainly contributed by The Latitude and City Mall & City Residence projects progressively. For the year, the company reported revenue of MYR 224,077,000 compared to MYR 316,457,000 for the same period a year ago. Profit from operating activities was MYR 21,597,000 compared to MYR 40,835,000 for the same period a year ago. Profit before tax was MYR 17,624,000 compared to MYR 24,520,000 for the same period a year ago. Profit attributable to owners of the company was MYR 14,924,000 or 3.35 sen per basic share compared to MYR 15,231,000 or 3.42 sen per basic share for the same period a year ago. Net cash from operating activities was MYR 12,297,000 against MYR 31,546,000 a year ago. Acquisition of property, plant and equipment was MYR 5,980,000 against MYR 25,261,000 a year ago. Acquisition of investment properties was MYR 311,000 against MYR 29,040,000 a year ago.

Ivory Properties Seeks Investments

Ivory Properties Group Berhad (KLSE:IVORY) has sold 21.77 hectare at the upmarket Jesselton area in Penang for MYR 150 million. "This disposal will enable us to unlock the value of the property which has not been generating any income for the group presently," group Chief Executive Officer Datuk Low Eng Hock said in a statement on January 14, 2015. "It will also help to raise funds for our working capital requirements and to reduce borrowings. It is anticipated that such a move will strengthen the group's financial position to seek other potential investments and facilitate any expansion plan for our current business activities, in line with the group's business model," he said.

Ivory Properties Group Berhad Announces Unaudited Consolidated Earnings Results for the Quarter and Year to Date Ended September 30, 2014

Ivory Properties Group Berhad announced unaudited consolidated earnings results for the quarter and year to date ended September 30, 2014. For the quarter, the company reported revenue of MYR 50,988,000 against MYR 75,293,000 a year ago. Results from operating activities was MYR 5,358,000 against MYR 13,469,000 a year ago. Profit before tax was MYR 2,012,000 against MYR 2,951,000 a year ago. Profit attributable to owners of the company was MYR 382,000 or 0.09 sen per basic share against MYR 1,686,000 or 0.38 sen per basic share a year ago. For the year to date, the company reported revenue of MYR 167,169,000 against MYR 225,809,000 a year ago. Results from operating activities was MYR 18,103,000 against MYR 27,893,000 a year ago. Profit before tax was MYR 17,329,000 against MYR 10,068,000 a year ago. Profit attributable to owners of the company was MYR 382,000 or 3.24 sen per basic share against MYR 1,686,000 or 1.37 sen per basic share a year ago. Net cash from operating activities was MYR 1,086,000 against net cash used in activities MYR 45,070,000 a year ago. Acquisition of property, plant and equipment was MYR 5,252,000 against MYR 21,833,000 a year ago.

 

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Industry Analysis

IVORY

Industry Average

Valuation IVORY Industry Range
Price/Earnings 12.0x
Price/Sales 0.8x
Price/Book 0.5x
Price/Cash Flow 12.0x
TEV/Sales NM Not Meaningful
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