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Felda Global Ventures Holdings Bhd (FGV) plans to tap on China’s immense demand for ediblle oils (China is the world’s largest importer of edible oils) by acquiring a majority stake in Zhong Ling Nutri-Oil Holdings Ltd for RM976.25mil. Read more
AirAsia Bhd posted net profit of RM554.20mil in the fourth quarter ended Dec 31, 2015 compared with a net loss of RM428.51mil a year ago, boosting the full year FY15 earnings to RM540.96mil. The strong revenue was achieved on the back of a 10% year-on-year growth in the number of passengers carried at 6.47 million, which was ahead of the 1% capacity growth. Read more
AirAsia X achieved net profit of RM201.58mil in the fourth quarter ended Dec 31, 2015 (Q4, FY15) – the first net profit after eight quarters of losses since Q4, 2013 -- boosted by better operating performance, other income, forex gain and deferred taxation. The long-haul low-cost carrier benefited from other income totaling RM94.79mil, forex gain of RM57.12mil and deferred taxation of nearly RM50mil. Read more
Carlsberg Brewery Malaysia Bhd posted a 17.8% rise in net profit of RM74.48mil for the fourth quarter ended Dec 31, 2015 compared to the same quarter in the previous year. The improved performance was achieved through effective revenue optimisation, better product and price mix as well as prudent cost management across the group. Read more
Chemical Company of Malaysia Bhd (CCM), a pioneer maker of compound fertilisers, is exiting its loss-making fertilisers business following a strategic review of the business segment. CCM incurred a larger loss attributable to its owners of RM65.76mil for the financial year ended Dec 31, 2015 due to RM55.7mil impairments made on assets of its fertilisers division. Read more
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