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Eita Q3 earnings more than double

Eita Q3 earnings more than double

PETALING JAYA: Eita Resources Bhd, which bagged a RM67.22 million job today, saw net profit for the third quarter ended June 30 more than double on higher revenue, unrealised foreign exchange gains and reversal of provisions. Eita’s 60%-owned Transsystem Continental Sdn Bhd (TSC) was awarded a RM67.22 million contract by Sarawak Energy Bhd (SEB) subsidiary […]

August 20, 2018 | By | Reply More
China and Malaysia should enter digital economy era together: Dr M

China and Malaysia should enter digital economy era together: Dr M

BEIJING: China and Malaysia should join hands in entering the digital economy era now said Prime Minister Tun Dr.Mahathir Mohamad said in a forum hosted by Chinese tycoon Jack Ma. Mahathir who is on a working visit in the country said at the China Entrepreneur Club (CEC) hosted by Ma, the club’s chairman, said Malaysia […]

August 20, 2018 | By | Reply More
Dayang bags three contracts

Dayang bags three contracts

PETALING JAYA: Dayang Enterprise Holdings Bhd’s subsidiary Dayang Enterprise Sdn Bhd has bagged three contracts for the provision of Pan Malaysia Maintenance, Construction and Modification for an undisclosed contract sum, for a period of five years. The group told the stock exchange that the three contracts are from Murphy Sarawak Oil Co Ltd and Murphy […]

August 20, 2018 | By | Reply More
United Plantations Q2 net profit falls

United Plantations Q2 net profit falls

PETALING JAYA: United Plantations Bhd’s net profit declined 22.4% to RM87.2 million in the second quarter ended June 30 from RM112.4 million in the previous corresponding quarter. Revenue for the quarter decreased 12.8% to RM309.9 million compared with RM355.26 million in the same period last year mainly due to lower revenue from the plantations and […]

August 20, 2018 | By | Reply More
Ringgit ends higher against US dollar

Ringgit ends higher against US dollar

KUALA LUMPUR: The ringgit ended higher against the US dollar today as the effect of the Turkish lira crisis started subsiding while Brent crude oil, which rose to US$72.14 (RM295.86) per barrel, also aided sentiment for the local unit. At 6pm, the local unit appreciated to 4.0990/0200 against the greenback from 4.1050/1080 on Friday. “The […]

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Bursa Malaysia ends higher

Bursa Malaysia ends higher

KUALA LUMPUR: Bursa Malaysia closed higher today on continued buying in selected heavyweights led by Petronas Chemicals, as well as mid and small-cap stocks, in sync with most regional peers, dealers said. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was firmer at 1,787.58, up 4.11 points or 0.23%, from last Friday’s close […]

August 20, 2018 | By | Reply More
Tune Talk gives away car to college student in contest

Tune Talk gives away car to college student in contest

KUALA LUMPUR: Tune Talk gave away a mini cooper as the grand prize to its subscriber, 22 year-old college student Tay Yi Jing, who participated in the “Win-a-Tune Talk MINI MINEY MOE” contest. Tune Talk’s chief marketing officer Joseph Lim presented presented the prize to Tay at the prize giveaway ceremony at Wisma Tune today. […]

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Teo Seng Capital’s Q2 net loss narrows to RM528,000

Teo Seng Capital’s Q2 net loss narrows to RM528,000

PETALING JAYA: Poultry farmer Teo Seng Capital Bhd’s net loss narrowed to RM528,000 for the second quarter ended June 30, 2018 against RM7.3 million in the previous corresponding period, due to the improved selling price of eggs and lower feed cost. Revenue was up 7.8% to RM102.73 million from RM95.27 million. The group has proposed […]

August 20, 2018 | By | Reply More
Malaysian economy to continue to expand at slower pace in Q4: Statistics Department

Malaysian economy to continue to expand at slower pace in Q4: Statistics Department

PETALING JAYA: The moderate current trend anticipates that Malaysia’s economy will continue expanding at a slower pace between October to December 2018, according to the Department of Statistics. The Leading Index (LI), which monitors the economic performance in average of four to six months ahead, saw an annual change of 0.3% in June 2018 as […]

August 20, 2018 | By | Reply More
Kossan’s share price up despite lower Q2 net profit

Kossan’s share price up despite lower Q2 net profit

PETALING JAYA: Kossan Rubber Industries Bhd’s share price rose slightly by 0.68% or 3 sen this morning, despite announcing lower net profit for the second quarter ended June 30, 2018. At 11.10 am, the stock stood at RM4.46 with 235,100 shares changing hands. Its net profit for the second quarter fell 2.48% to RM44.70 million […]

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