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AMMB: Challenging times for banks

AMMB: Challenging times for banks

KUALA LUMPUR: AMMB Holdings Bhd, which set a lower profit after tax and minority interest (patmi) target for its financial year ending March 31, 2016 (FY16), expects the economic environment to remain challenging due external factors and some political risks. “We do believe it’s going to be a slow year with a more challenging environment. […]

August 20, 2015 | By | Reply More
AirAsia Q2 net profit falls 33.8%

AirAsia Q2 net profit falls 33.8%

PETALING JAYA: AirAsia Bhd’s net profit for the second quarter ended June 30, 2015 fell 33.8% to RM243.03 million from RM367.16 million a year ago following the unrealised foreign exchange loss on borrowings and one-off costs related to the sale of leaseback of aircraft. Its revenue was almost flat at RM1.32 billion on the back […]

August 20, 2015 | By | Reply More
Land disposal gains boost Boustead Plantations Q2 results

Land disposal gains boost Boustead Plantations Q2 results

PETALING JAYA: Boustead Plantations Bhd’s (BPB) net profit for the second quarter ended June 30, 2015 expanded more than threefold to RM48.6 million, from RM9.4 million in the previous corresponding quarter, mainly due to gain realised on land disposals, amounting to RM39.1 million. Revenue, however, decreased to RM153.4 million from RM188.7 million a year ago. […]

August 20, 2015 | By | Reply More
Boilermech mulls merging ops

Boilermech mulls merging ops

SUBANG JAYA: Biomass boiler manufacturer Boilermech Holdings Bhd, which is in the midst of setting up a new plant in Klang, said it is currently considering to consolidate its current operations in Subang Jaya, as part of its effort to optimise its operations and efficiencies. Boliermech, which is serving mainly the palm oil milling industry, […]

August 20, 2015 | By | Reply More
Axiata second quarter earnings jump 34.2%

Axiata second quarter earnings jump 34.2%

PETALING JAYA: Axiata Group Bhd’s net profit leaped 34.2% to RM610.7 million in the second quarter ended June 30 (Q2’FY15) from RM455.01 million from a year ago, due mainly to lower losses from its Indonesia operations, PT XL Axiata Tbk, arising from lower foreign exchange losses and net finance costs. In its filing to Bursa […]

August 20, 2015 | By | Reply More
WCT’s Q2 bottom line down 9.45% to RM31m

WCT’s Q2 bottom line down 9.45% to RM31m

PETALING JAYA: WCT Holdings Bhd reported a 9.45% drop in net profit to RM31.06 million for the second quarter ended June 30, 2015 compared with RM34.3 million in the previous corresponding period, due to lower contribution from overseas projects and property development segment. Second-quarter revenue, however, rose 5.19% from RM401.47 million to RM422.31 million. WCT […]

August 20, 2015 | By | Reply More
YTL’s 4th quarter earnings slip 15.6%

YTL’s 4th quarter earnings slip 15.6%

PETALING JAYA: Conglomerate YTL Corp Bhd saw its net profit slip 15.57% to RM298.93 million for the fourth quarter ended June 30, 2015 from RM354.07 million in the same period last financial year, mainly due to lower contribution in most of its business segments. Revenue went down 10.66% from RM4.61 billion to RM4.12 billion. YTL […]

August 20, 2015 | By | Reply More
UOA Q2 net profit down 14%

UOA Q2 net profit down 14%

PETALING JAYA: Property developer UOA Development Bhd (UOA) saw its net profit for the second quarter (Q2) ended June 30, 2015 fall 14% to RM68.9 million, compared with RM80.2 million previously, due to the absence of fair value adjustment during the quarter. Revenue for the quarter, however, increased by 49% to RM325.7 million from RM219.3 […]

August 20, 2015 | By | Reply More
Accept offer, PJ Development shareholders advised

Accept offer, PJ Development shareholders advised

PETALING JAYA: Independent adviser MIDF Amanah Investment Bank Bhd has advised shareholders of PJ Development Holdings Bhd to “accept” the takeover offer by electing share settlement for the offer. It, however, said warrant holders should “reject” the warrants offer as the 60 sen offer price is at a 45.94% discount to the see-through value based […]

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BIMB appeals for time extension on submission

BIMB appeals for time extension on submission

PETALING JAYA: BIMB Holdings Bhd has appealed for more time to submit its second quarter results for the financial year ended Jun 30, 2015 pending approval from the relevant authority. In a filing with the stock exchange yesterday, BIMB said it has submitted an application letter for the extension to Bursa Malaysia Securities Bhd on […]

August 20, 2015 | By | Reply More