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Malayan Banking Bhd posted a stronger set of earnings of RM6.83bil in the financial year ended Dec 31, 2015. The country’s largest bank said earnings were higher by 1.8% from the RM6.71bil in FY14. Its revenue grew at a stronger pace of 13.5% to RM40.55bil from RM35.71bil. Read more
CIMB Group Holdings Bhd chalked up a lower net profit of RM2.85bil for the financial year ended Dec 31, 2015, versus M3.11bil for FY14, impacted mainly by loan loss provisions from its overseas markets of Indonesia and Thailand. It also announced plans to set up its Philippines operations from scratch by 2018, instead of going through a merger and acquisition exercise. Read more
IJM Corp Bhd’s earnings jumped 85.8% to RM256.10mil in the third quarter ended Dec 31, 2015, boosted by higher contributions from the group’s construction, plantation and infrastructure divisions and a one-off gain from the sale of its stake in Swarna Tollway Private Ltd. Its revenue increased 7.5% to RM1.45bil from RM1.44bil a year ago. Read more
Taliworks Corp Bhd, operator of the Sungai Selangor Phase 1 water treatment works, is exiting China by selling all of its waste treatment assets in the republic for RM230mil. At the same time, it is boosting its Malaysian operation by paying RM255mil for a 35% stake in SWM Environment, which holds a 22-year concession to provide solid waste collection services in the states of Negri Sembilan, Malacca and Johor. Read more
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