KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
IJM Corporation Bhd
’s net profit for the first quarter ended June 30, 2026 (1Q FY2027) rose to RM137.39 million from RM95.60 million registered in the same period last year, driven by the construstion and manufacturing and quarrying divisions.
Public Bank Bhd reported a 3.7% year-on-year (y-o-y) increase in net profit to RM1.82bil for the second quarter ended June 30 (2Q26) for the financial year ending December (FY26), from RM1.76bil a year earlier.
Alliance Bank Malaysia Bhd made a net profit of RM248.3mil for its 1Q27 compared to a net profit of RM198.7mil for the same period a year ago, a 25% increase thanks to broad-based loan growth, higher client-based fee income, a significantly lower net credit cost following better credit performance and recoveries from its corporate portfolio.
Mah Sing Group Bhd via its wholly-owned subsidiary Capitol Avenue Development Sdn Bhd has proposed to acquire three tracts of land in Ampang, in Hulu Langat, Selangor, for the development of M Araya, an urban home project, for a total of RM186.17mil.
QL Resources Bhd’s net profit inched up to RM100.76 million in the first quarter ended June 30, 2026 (1Q FY2027) from RM100.60 million in the same period last year.
