News in brief

  • Business
  • Thursday, 10 Nov 2005

GUINNESS ANCHOR BHD'S pre-tax profit for the first quarter ended Sept 30 increased to RM50.51mil from RM40.66mil in the corresponding quarter of the previous year. 

Net profit rose to RM36.34mil from RM29.31mil as revenue rose to RM304.63mil from RM282.41mil. 

Earnings per share rose to 12.03 sen from 9.70 sen. – Bernama 

Landmarks Bhd said chief operating officer Sulip R. Menon has been appointed to assume all duties and take charge of the day-to-day operations of the group with immediate effect.  

His appointment follows the resignation of managing director Mohamad Abdul Halim Ahmad on Nov 2. 

KIG GLASS INDUSTRIAL BHD said it is a so-called “affected issuer” under PN17, a classification for financially troubled companies. 

This follows the shutdown of its main factories in May this year. 

A company statement to Bursa Malaysia said: “KIG Glass has effectively ceased its core business and operations. As such, KIG Glass is an affected listed issuer under PN17.” 

KIG said it was planning a capital restructuring and had entered into a firm letter of intent with an investor, Neu Investment Holdings Ltd, to address its financial condition. – AFX-Asia 

Kejuruteraan Samudra Timur Bhd's entire capital of 88 million shares, resulting from its two-for-one stock split, will be listed and quoted on Bursa Malaysia on Monday, a stock exchange circular said. 

Samudra provides tubular handling equipment and services for oil drilling. – AFX-Asia 

TMC Life Sciences Bhd's sub-subsidiary Damansara Fertility Centre Sdn Bhd (DFC) has signed a memorandum of understanding (MoU) with 10 travel agents on marketing and selling DFC's services in China, as part of TMC's health tourism drive. 

The MoU expires on Dec 31, 2006, and is renewable on mutually agreed terms. – Bernama  

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