KUALA LUMPUR: Here is a recap of the announcements that made headlines in Coprorate Malaysia.
Petronas Dagangan Bhd
has signed two MoUs with Perodua Sales Sdn Bhd and Gentari Sdn Bhd subsidiaries to enhance the retail experience.
Atlan Holdings Bhd announced that its 75.5%-owned subsidiary, Duty-Free International Ltd, received RM69.6mn as compensation for two plots of land in Kedah, acquired by the Malaysian government and plans to object to the compensation amount in the High Court.
Thong Guan Industries Bhd entered a conditional share sale agreement with Foremost Equals Sdn Bhd to sell its 100% stake in Syarikat Thong Guan Trading Sdn Bhd for RM60.0mn.
Maxim Global Bhd will not pursue action against the revocation of plantation concession licenses issued by Indonesia in January 2022 for assets owned by two 90%-owned subsidiaries in Papua.
Globetronics Technology Bhd entered a strategic partnership with Taiwan-based ChipMOS Technologies Inc. to provide advanced dicing, packaging, and testing services for ChipMOS’s integrated circuit products.
7-Eleven Malaysia Holdings Bhd expects stronger 4QFY24 performance, supported by year-end festivities and civil servant salary adjustments in December.
Petron Malaysia Refining & Marketing Bhd saw a 94.3% YoY drop in net profit for 3QFY24 to RM4.6mn, down from RM81.9mn last year as revenue fell 21.4% YoY to RM3.8bn, mainly due to lower diesel sales.
DRB-Hicom Bhd posted a net loss of RM5.3mn for 3QFY24, compared to a net profit of RM70.8mn in the same quarter last year.
Dayang Enterprise Holdings Bhd reported a 76.7% YoY surge in net profit for 3QFY24 to RM134.9mn, the highest ever, driven by improved vessel utilization and charter rates.
MSM Malaysia Holdings Bhd posted a net loss of RM49.7mn for 3QFY24, widening from a loss of RM36.1mn in the previous year, due to a foreign exchange translation loss of RM18.77mn from the ringgit’s rapid appreciation against the USD.
Aeon Co (M) Bhd recorded a 35.4% YoY increase in its net profit for 3QFY24 to RM18.8mn from RM13.9mn, driven by revenue growth across all its business segments.
Sunway Construction Group Bhd recorded a net profit of RM46.5mn for 3QFY24, up from RM35.0mn in the same quarter last year.
UEM Sunrise Bhd reported a more than twofold increase in net profit for 3QFY24 to RM23.0mn from RM8.3mn a year ago.
