KUALA LUMPUR: Companies in the news include MAHB, Affin Bank, Capital A, MRBC, Sarawak Oil Palms
, CIMB, TIME dotcom, AAX, DRB-Hicom, SP Setia, IHH, Tropicana and Genting, said Apex Securities Research.
Malaysia Airports Holdings Bhd's (MAHB) net profit for the financial year ended Dec 31, 2023 (FY2023) surged 188% to RM543.17 million.
Affin Bank Bhd said its net profit more than doubled to RM39.54 million in the fourth quarter from a year earlier thanks to a sharp decline in provisions and lower taxes.
Capital A Bhd sank into the red for the final quarter of 2023 with a net loss of RM159.57 million, dragged by higher operating expenses, asset depreciation and higher financing costs.
Malaysian Resources Corp Bhd (MRCB) said its net profit jumped to RM80.23 million for the fourth quarter ended Dec 31, 2023 (4QFY2023), from RM13.02 million a year earlier.
Sarawak Oil Palms Bhd (SOP) said its net profit more than doubled in the fourth quarter to RM113.61 million from a year earlier, thanks to higher production and sales volume.
CIMB Group Holdings Bhd said its net profit rose nearly 30% year-on-year for the fourth quarter to RM1.72 billion from a year earlier, thanks to higher operating income and lower provisions.
TIME Dotcom Bhd saw a 30.54% drop in fourth-quarter net profit to RM84.91 million from a year earlier dragged by asset writedown but ended 2023 with record profits and dividend plan.
For the three months ended Dec 31, 2023 (4QFY2023), AirAsia X Bhd’s (AAX)’s net profit tumbled 82.17% to RM27.37 million from RM153.48 million a year earlier.
DRB-Hicom Bhd posted a net profit of RM26.47 million for the fourth quarter ended Dec 31, 2023 (4QFY2023), compared with a net loss of RM100.06 million a year earlier.
S P Setia Bhd has reported a 71.12% jump in its fourth quarter net profit to RM148.24 million from RM86.63 million a year earlier.
IHH Healthcare Bhd’s net profit more than tripled year-on-year in its fourth quarter to RM727.45 million.
Tropicana Corp Bhd is acquiring a piece of land in Kota Damansara measuring 7.79 acres for RM224 million.
Genting Bhd posted a net profit of RM150.1 million in the fourth financial quarter ended Dec 31, 2023 (4QFY2023), down 71.2% from the preceding quarter.
