KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Deleum Bhd
’s wholly owned unit, Deleum Oilfield Services Sdn Bhd, has secured a contract from Petronas Carigali Sdn Bhd for the provision of slickline equipment and services, effective Apr 16, 2025.
Able Global Bhd announced the release of its CEO and executive director, Edward Goh Swee Wang, after he assisted the Malaysian Anti-Corruption Commission in an ongoing investigation.
Eco World Development Group Bhd has acquired the remaining 40% stake in Paragon Pinnacle Sdn Bhd from EPF subsidiary Tanjung Wibawa Sdn Bhd for RM184.1mn.
Glostrext Bhd will continue investing in innovative technologies, with the WiNA-aMLT platform exemplifying its push for automation and efficiency across business segments, said managing director Ir. Dr. Lee Sieng Kai.
GDB Holdings Bhd has secured a favorable adjudication ruling in its dispute with KSK Land Sdn Bhd over outstanding payments following the termination of its unit as the main contractor for the 8 Conlay project.
Meta Bright Group Bhd is strengthening its presence in the renewable energy sector through a JV with United Success Holding Pte Ltd and Yang Lei to establish Meta Bright Solutions Sdn Bhd.
Sunzen Group Bhd plans to exit its loss-making animal health businesses by selling them for RM17.3mn to pharmaceutical and veterinary product provider Pure Nutritional Products Sdn Bhd.
Maxis Bhd posted its highest-ever service revenue of RM8.87bn in FY24, marking a 3.5% YoY increase, supported by growth in consumer and enterprise segments.
Hartalega Holdings Bhd saw its net profit decrease by 13% to RM19.5mn for 3QFY25, down from RM22.4mn in the same period last year, as operating expenses surged 65.9% YoY to RM702.5mn from RM423.5mn.
Cahya Mata Sarawak Bhd posted a 12% increase in net profit to RM128.2mn for FY24, supported by RM1.20bn in revenue.
Gas Malaysia Bhd’s net profit grew by 8% to RM112.7mn in 4QFY24, up from RM104.3mn a year earlier, supported by higher natural gas sales volumes, improved average contribution margins, and increased tolling fees.
Ranhill Utilities Bhd’s net profit dropped by 8.3% to RM17.8mn in 4QFY24, down from RM19.4mn the previous year, mainly due to a cost overrun at its unit, Ranhill Worley Sdn Bhd, related to the P82 project.
MGB Bhd, a subsidiary of LBS Bina Group Bhd, recorded a revenue milestone of RM1.03bn in FY24, up 6.2% from RM971.8mn in FY23.
Seng Fong Holdings Bhd’s net profit nearly halved to RM8.8mn for 2QFY25, down from RM17.4mn a year earlier, as rising raw material costs outpaced the increase in selling prices.
My E.G. Services Bhd saw a 20% increase in net profit to RM181.1mn for 4QFY24 from RM150.2mn a year earlier, as revenue climbed 32.2% to RM293.5mn from RM222mn.
