News in brief


  • Business
  • Saturday, 19 Jun 2004

  • TANJONG PUBLIC LTD COMPANY said its pre-tax profit for the first quarter ended April 30, 2004 increased to RM121.1mil from RM120.9mil in the same period in the previous year. Its revenue rose to RM703.62mil from RM622.7mil. – Bernama  

  • BERJAYA Sports Toto Bhd said its pre-tax profit in the fourth quarter ended April 30, 2004 increased to RM100.31mil from RM85.98mil in the corresponding quarter in the previous year. 

    Its revenue increased to RM634.87mil from RM619.15mil. 

    For the year ended April 30, 2004, Berjaya Sports Toto said its pre-tax profit rose to RM436.89mil from RM393.56mil in the previous year as revenue increased to RM2.48bil from RM2.21bil previously. – Bernama 

  • MUHIBBAH Engineering (M) Bhd
  • has been awarded a RM108mil contract to build wharves and access bridges at Westport Container Terminal on Pulau Indah, Port Klang. 

    The company said in a statement the contract would take 14 months to complete.  

    It did not provide further details. – AFX-Asia 

  • WORLDWIDE HOLDINGS BHD’S
  • turnover from ongoing property development this year is expected to increase to RM70mil from RM51mil last year, said group managing director Datuk Ibrahim Yusof. 

    “We are also actively on the lookout for sizeable parcels of land in good locations to add to our landbank.  

    “Our current 168.4ha of landbank will last for another three years,” he said after the company's AGM and EGM in Shah Alam yesterday. 

    Ibrahim said the new financial year would see Worldwide launching 627 mixed properties comprising double-storey houses and apartments. – Bernama 

  • BOLTON BHD
  • has disposed of 14 million shares in MALAYSIAN PLANTATIONS BHD (MPlant) for RM32.2mil cash (excluding brokerage and stamping duty charges) in a direct business transaction through stockbrokers on Thursday. 

    The sale had resulted in a gain of RM13.6mil at group level after taking into account all expenses related to the disposal. 

    Separately, KEJORA HARTA BHD said its subsidiary Kenneison Brothers Sdn Bhd had disposed of six million shares in MPlant for RM13.8mil (excluding brokerage and stamp duty charges). 

    The disposal was done in a direct business transaction via a stockbroker on Thursday. 

    The disposal had resulted in a gain of about RM3.24mil after taking into account all expenses related to the disposal, it said. – Bernama  

  • COSMETICS, household and toiletry product maker ENG KAH CORP BHD said Paris-based AGF Holdings is no longer a substantial shareholder of the company. 

    In a filing, Eng Kah said AGF sold 2.6 million shares on March 26. 

    No other details were given. – AFX-Asia 

  • COSWAY CORP BHD has returned to the black in the year to April with a net profit of RM66.81mil from a loss of RM33.11mil a year earlier, mainly due to a turnaround in profitability of its consumer durables and industrial/commercial product segments as well as the recognition of a gain arising from the disposal of unit Unza Holdings Bhd. 

    Sales for the year came to RM1.27bil as opposed to RM1.44bil a year earlier, while pre-tax profit stood at RM116.63mil against RM6.29mil previously. 

    As for the outlook, Cosway said with the Unza disposal in the third quarter of the financial year, it expects the group's operating results for the year to April 2005 to be lower. – AFX-Asia 

  • ALCATEL announced that it is developing a regional centre for its wireless business operations in Kuala Lumpur, to reinforce its business and technical support for customers in the Asia Pacific region. 

    The centre will complement the company's existing centre for wireless business operations located in Shanghai, China. 

    Vice-president of mobile and communication Asia Pacific, Martin Jordy, will head the operation. –Bernama 

  • BERJAYA SPORTS TOTO BHD said its pre-tax profit in the fourth quarter ended April 30, 2004 increased to RM100.31mil from RM85.98mil in the corresponding quarter in the previous year. 

    Its revenue increased to RM634.87mil from RM619.15mil. 

    For the year ended April 30, 2004, Berjaya Sports Toto said its pre-tax profit rose to RM436.89mil from RM393.56mil in the previous year as revenue increased to RM2.48bil from RM2.21bil previously. – Bernama 

  • MUHIBBAH Engineering (M) Bhd
  • has been awarded a RM108mil contract to build wharves and access bridges at Westport Container Terminal on Pulau Indah, Port Klang. 

    The company said in a statement the contract would take 14 months to complete.  

    It did not provide further details. – AFX-Asia 

  • WORLDWIDE HOLDINGS BHD’S
  • turnover from ongoing property development this year is expected to increase to RM70mil from RM51mil last year, said group managing director Datuk Ibrahim Yusof. 

    “We are also actively on the lookout for sizeable parcels of land in good locations to add to our landbank.  

    “Our current 168.4ha of landbank will last for another three years,” he said after the company's AGM and EGM in Shah Alam yesterday. 

    Ibrahim said the new financial year would see Worldwide launching 627 mixed properties comprising double-storey houses and apartments. – Bernama 

  • BOLTON BHD
  • has disposed of 14 million shares in MALAYSIAN PLANTATIONS BHD (MPlant) for RM32.2mil cash (excluding brokerage and stamping duty charges) in a direct business transaction through stockbrokers on Thursday. 

    The sale had resulted in a gain of RM13.6mil at group level after taking into account all expenses related to the disposal. 

    Separately, KEJORA HARTA BHD said its subsidiary Kenneison Brothers Sdn Bhd had disposed of six million shares in MPlant for RM13.8mil (excluding brokerage and stamp duty charges). 

    The disposal was done in a direct business transaction via a stockbroker on Thursday. 

    The disposal had resulted in a gain of about RM3.24mil after taking into account all expenses related to the disposal, it said. – Bernama  

  • COSMETICS, household and toiletry product maker ENG KAH CORP BHD said Paris-based AGF Holdings is no longer a substantial shareholder of the company. 

    In a filing, Eng Kah said AGF sold 2.6 million shares on March 26. 

    No other details were given. – AFX-Asia 

  • COSWAY CORP BHD has returned to the black in the year to April with a net profit of RM66.81mil from a loss of RM33.11mil a year earlier, mainly due to a turnaround in profitability of its consumer durables and industrial/commercial product segments as well as the recognition of a gain arising from the disposal of unit Unza Holdings Bhd. 

    Sales for the year came to RM1.27bil as opposed to RM1.44bil a year earlier, while pre-tax profit stood at RM116.63mil against RM6.29mil previously. 

    As for the outlook, Cosway said with the Unza disposal in the third quarter of the financial year, it expects the group's operating results for the year to April 2005 to be lower. – AFX-Asia 

  • ALCATEL announced that it is developing a regional centre for its wireless business operations in Kuala Lumpur, to reinforce its business and technical support for customers in the Asia Pacific region. 

    The centre will complement the company's existing centre for wireless business operations located in Shanghai, China. 

    Vice-president of mobile and communication Asia Pacific, Martin Jordy, will head the operation. –Bernama 

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