In brief

PUBLIC Mutual Bhd (formerly Kuala Lumpur Mutual Fund Bhd) has declared a gross distribution of 3.5 sen per unit to fund holders of the PB Balanced Fund. 

It also declared a gross distribution of 4 sen per unit and one additional unit for every 35 units held to fund holders of the PB Fixed Income Fund. 

COMMERCE Trust Bhd has declared a net distribution of 1.68 sen per unit for the Income Plus Fund, for the last six months to June 30 this year. This is the fund's 10th distribution since it was launched in March 1998. 

“Since its inception, the fund has distributed an average net distribution yield of over 7% per annum to its unitholders,'' its chief operating officer Yeoh Keat Seng said in a statement. 

The Income Plus Fund is the most conservative fund in the Lifetime Trust, with only up to 40% of its portfolio invested in shares. 

PACIFIC Mutual Fund Bhd, the unit trust arm of PacificMas Bhd, announced income distributions of three sen and five sen for its Pacific Millennium Fund (PMF) and Pacific Recovery Fund (PRF) respectively for the financial year ended June 30, 2003. 

This translated to a distribution of 5.67% for the PMF and 8.96% for the PRF, based on the selling prices of the funds respectively, it said in a statement. Presently, both have a combined fund size of 367 million units. 

Pacific Mutual now manages a total of nine funds, including two newly launched Islamic funds, Pacific Dana Murni and Pacific Dana KLSI. It has over 60,000 accounts under its management worth more than RM1bil in its funds. – Bernama 

SBB Mutual Bhd (formerly known as BHLB Pacific Trust Management Bhd) had declared a gross distribution of 10 sen per unit for all unitholders of BHLB Pacific Savings Fund on June 27. 

“This distribution was made available to existing unitholders and all new investors who purchased units of the fund no later than 5pm on or before June 26, 2003,” SBB Mutual chief executive officer Paul Low said in a statement. 

Launched in August 1995, the Savings Fund currently has an approved fund size of 700 million units, following an increase of 200 million units approved by the regulator recently. – Bernama 

MAYBAN Unit Trust Bhd (MUTB), a member of the Maybank group, has declared a gross distribution of three sen and six sen per unit for its equity and fixed-income based funds, Mayban Unit Trust Fund and Mayban Income Trust Fund, respectively. 

MUTB chief executive officer Ismail Mohd Yusof said in a statement the distributions represented a yield of 5.4% on its Unit Trust Fund and 6.26% on its Income Trust Fund, based on their respective average net asset value for the financial year ended June 30, 2003. 

BERJAYA GROUP BHD

posted RM157.55mil in pre-tax loss for the financial year ended April 30 against a pre-tax loss of RM357.55mil in the same period of 2002. 

Revenue stood at RM7.25bil, down from RM8.24bil previously. – Bernama 

AVENUE ASSETS BHD

recorded RM2.57mil in pre-tax loss for the first quarter ended April 30 against a pre-tax profit of RM1.26mil in the corresponding period of last year. Revenue, however, rose to RM9.05mil from RM7.01mil previously. – Bernama 

Prolexus Bhd'S

pre-tax loss for the third quarter ended April 30 stood at RM2.48mil compared with pre-tax loss of RM1.82mil in the same quarter of 2002. 

Revenue increased to RM42.7mil from RM30.37mil. – Bernama 

FW INDUSTRIES BHD

posted RM202,000 in pre-tax loss for the third quarter ended April 30 against a pre-tax profit of RM250,000 for the same quarter of 2002. 

Revenue declined to RM4.54mil from RM10.38mil. – Bernama 

UNZA HOLDINGS BHD

has incorporated a new subsidiary, Unza (Thailand) Ltd (UTL), to allow the group to trade directly in Thailand and expand its business in the country's personal care market. 

The company said its investment in UTL was about 25 million baht or RM2.25mil, financed through internal funds. – Bernama 

MAMEE-DOUBLE DECKER (M) BHD

has fully redeemed its outstanding RM10mil redeemable unsecured bonds (1998/2003) via internal funds. – Bernama 

SELANGOR PROPERTIES BHD

posted RM22.88mil in pre-tax profit for the second quarter ended April 30 from RM11.41mil in the previous corresponding period. 

Revenue surged to RM40mil from RM28.41mil previously. – Bernama 

MINTYE INDUSTRIES BHD'S

pre-tax profit rose to RM2.63mil for the first quarter ended April 30, higher than the RM1.996mil posted in the same period of 2002.  

Its revenue for the quarter increased to RM11.83mil from RM10.02mil. – Bernama 

It also declared a gross distribution of 4 sen per unit and one additional unit for every 35 units held to fund holders of the PB Fixed Income Fund.