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UMW O&G swings back to the black in Q3

UMW O&G swings back to the black in Q3

PETALING JAYA: UMW Oil and Gas Corp Bhd (UMW O&G) swung back to the black in the third quarter ended September 30, with a net profit of RM3.37 million against the net loss of RM135.43 million recorded in the same period last year on the back of higher revenue supported by the stabilising crude oil […]

November 24, 2017 | By | Reply More
Icon Offshore's earnings plummet 90.4% due to higher cost of sales

Icon Offshore's earnings plummet 90.4% due to higher cost of sales

PETALING JAYA: Icon Offshore Bhd’s net profit plunged 90.4% to RM205,000 for the third quarter ended September 30, 2017 versus RM2.15 million in the previous corresponding period, dragged down by higher cost of sales arising from additional cost of new accommodation work barge vessel. Its revenue declined 7.7% from RM63 million to RM58.13 million, due […]

November 24, 2017 | By | Reply More
Ringgit retreats to end lower against dollar

Ringgit retreats to end lower against dollar

KUALA LUMPUR: The ringgit retreated to end lower against the US dollar today, after five consecutive days of massive gains, dealers said. At 6pm, the local unit ended at 4.1155/1185 against the greenback from 4.1050/1100 on Thursday. A dealer said the ringgit had run its course after five consecutive days of gains and could be […]

November 24, 2017 | By | Reply More
Bursa Malaysia finishes on easier note

Bursa Malaysia finishes on easier note

KUALA LUMPUR: Bursa Malaysia closed easier today, weighed by uncertainties in the US surrounding the impending increase in interest rates and tax reform plans. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell by 4.04 points to end at 1,717.23 from Thursday’s finish of 1,721.27. It opened 1.22 points easier at 1,720.05 and moved between […]

November 24, 2017 | By | Reply More
Alam Maritim’s Q3 net loss widens to RM10.8m on low utilisation rate

Alam Maritim’s Q3 net loss widens to RM10.8m on low utilisation rate

PETALING JAYA: Alam Maritim Resources Bhd’s net loss widened to RM10.8 million in the third quarter ended Sep 30, 2017, from RM2.12 million in the previous corresponding quarter. In a filing with Bursa Malaysia, the group said the performance of its offshore support vessels (OSV) segment was adversely affected by lower utilisation rate of chartered […]

November 24, 2017 | By | Reply More
KNM sees higher profit in Q3

KNM sees higher profit in Q3

PETALING JAYA: KNM Group Bhd saw its net profit for the third quarter ended September 30, 2017 rise 17.4% to RM1.31 million from RM1.12 million a year ago, thanks to higher gross profit. However, its revenue declined 15.4% to RM347.52 million from RM410.65 million. KNM told Bursa Malaysia that it anticipates the outlook for financial […]

November 24, 2017 | By | Reply More
Malaysia Airports' Q3 earnings surge over 7 times

Malaysia Airports' Q3 earnings surge over 7 times

PETALING JAYA: Malaysia Airports Holdings Bhd’s (MAHB) net profit for the third quarter ended Sept 30, 2017 jumped more than seven fold to RM79.69 million from RM10.68 million a year ago, thanks to strong revenue growth driven by both airport and non-airport operations. The group’s revenue for the current quarter under review grew 12.7% to […]

November 24, 2017 | By | Reply More
Supermax CEO Stanley Thai jailed 5 years for insider trading

Supermax CEO Stanley Thai jailed 5 years for insider trading

KUALA LUMPUR: The Kuala Lumpur Sessions Court has convicted former CEO of APL Industries Bhd (APLI) Datuk Seri Stanley Thai Kim Sim and former remisier Tiong Kiong Choon for insider trading offences. Thai, who is currently Supermax Corp Bhd CEO, was sentenced to a five-year jail term and a RM5 million fine, while Tiong was […]

November 24, 2017 | By | Reply More
Naim Holdings sues Education Ministry, Sebiro Holdings for RM12.43 million

Naim Holdings sues Education Ministry, Sebiro Holdings for RM12.43 million

PETALING JAYA:Naim Holdings Bhd’s wholly owned subsidiary Naim Engineering Sdn Bhd is suing the Education Ministry and Sebiro Holdings Sdn Bhd for over RM12.43 million in relation to the construction and renovation of boarding schools project in Sarawak. Naim told Bursa Malaysia that the claims are related to the payment for work done including variation […]

November 24, 2017 | By | Reply More
Damansara Realty gets nod for land acquisition from Johor Corp

Damansara Realty gets nod for land acquisition from Johor Corp

PETALING JAYA: Damansara Realty Bhd’s associate company DAC Properties has been given the nod by the Economic Planning Unit to acquire 53.14 acres of land inTebrau, Johor for RM130.3 million from Johor Corp Bhd, as part of a settlement agreement between the two parties. The group said in a Bursa Malaysia filing that the aggregate […]

November 24, 2017 | By | Reply More