News in brief

Eurospan Holdings Bhd'S pre-tax loss for the year ended May 31 increased to RM1.71mil from RM874,000 in the previous year's corresponding period. 

Turnover fell to RM32.57mil from RM37.78mil. 

For the 4th quarter ended May 31, it posted pre-tax profit of RM108,000, a turnaround from pre-tax loss of RM986,000 in the same quarter of the previous year – Bernama 

AMFIRST PROPERTY TRUST'S pre-tax profit for the half year ended June 30 dropped to RM4.58mil from RM5.73mil in the same period last year. Net profit declined to RM3.44mil from RM4.25mil although turnover rose to RM9.41mil from RM8.88mil. 

For the 2nd quarter ended June 30, pre-tax profit rose to RM2.68mil from RM2.57mil in the previous year's corresponding quarter – Bernama 

·MALAKOFF BHD’s pre-tax profit for the nine months ended May 31 rose to RM520.06mil from RM424.55mil in the previous corresponding period. 

Net profit increased to RM325.37mil from RM252.12mil, as turnover rose to RM1.38bil from RM1.28bil. 

For the third quarter ended May 31, its pre-tax profit rose to RM187.88mil from RM151.32mil in the previous  

corresponding quarter, while net profit rose to RM121.48mil from RM90.12mil. 

Turnover increased to RM488.29mil from RM493.11mil. – Bernama 

IFCA MSC Bhd’s pre-tax profit for the half year ended June 30 rose to RM2.52mil from RM1.16mil in the previous corresponding period. Net profit rose to RM2.56mil from RM1.28mil and turnover increased to RM14.32mil from RM9.55mil. 

For the second quarter ended June 30, IFCA’s pre-tax profit rose to RM1.82mil from RM1.52mil in the equivalent quarter previously. 

Its net profit rose to RM1.82mil from RM1.61mil, while turnover rose to RM7.28mil from RM5.86mil. – Bernama 

POHMAY HOLDINGS BHD said it has obtained the Securities Commission's approval for its proposed 1-for-1 renounceable rights issue of 60.5 million new shares at RM1 par. 

The company said in a statement the proceeds raised would be used to repay its borrowings and for working capital. – AFX 

PLUS EXPRESSWAYS BHD said its unit Projek Lebuhraya Utara-Selatan Bhd has been given an exemption by the Finance Minister from paying income tax for its adjusted income from all sources from the year of assessment 2002 until 2006. 

No other details were given. – AFX 

TRENERGY MALAYSIA BHD said the Employees Provident Fund (EPF) Board is a substantial shareholder of the company after it bought 3.703 million shares on the open market. 

Trenergy said in a statement that it had received the notice of the change in shareholding from EPF last Friday.  

No other details were given. 

Under Malaysian law, a company or individual is deemed to be a substantial shareholder if it or he has more than 5% stake in an entity. – AFX 

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