KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
SD Guthrie Bhd
, Gamuda Bhd and Gentari Renewables Sdn Bhd’s joint venture is pursuing a 21-year renewable energy supply deal for a 680MW solar and battery storage project in Perak.
The project, which will power data centres in Malaysia, is expected to generate more than RM10bil in gross revenue.
Separately, Gamuda Bhd’s net profit for the financial year ended July 31, 2026 (FY2026) rose 5% to a record RM1.05bil, while revenue climbed 14% to an all-time high of RM18.6bil on stronger construction earnings.
Its construction order book reached a record RM61bil, with domestic construction earnings surging 49% to RM461mil, largely driven by data centre projects.
Yinson Holdings Bhd’s second quarter ended July 31, 2026 (2Q27) net profit rose 26.7% year-on-year to RM128mil despite a 16.7% decline in revenue to RM1.14bil.
The group remains cautiously optimistic on FY27, backed by about US$19.3bil in contracted revenue from its operational FPSO fleet and long-term renewable energy agreements.
Malaysian Resources Corporation Bhd’s unit has partnered with Saudi Arabia’s RUA AlHaram AlMakki Company to explore a RM22.86bil transport-oriented mixed-use development within King Salman Gate in Mecca.
Vantris Energy Bhd posted a 2Q27 net profit of RM75.3mil, reversing a RM230.8mil loss a year earlier and marking its third consecutive profitable quarter following its financial restructuring.
Its order book rose to RM7bil as at end-July from RM5.9bil in the preceding quarter.
Kelington Group Bhd has secured a RM172mil contract for an advanced data storage manufacturing facility in Kuching, bringing its year-to-date contract wins to RM3.77bil.
Aeon Credit Service (M) Bhd’s 2Q net profit fell 17.9% to RM59.3mil despite higher revenue, weighed down by increased impairment losses and finance costs.
V.S Industry Bhd slipped into a RM55.3mil net loss in FY26 from a RM33mil profit a year earlier, weighed down by weak consumer demand, margin pressure and a RM39.7mil impairment charge.
Scientex Bhd is proposing to acquire a 70% stake in China-based flexible packaging manufacturer Mintpack for RM101.5mil, expanding its consumer packaging footprint in China.
Sern Kou Resources Bhd’s 51%-owned subsidiary will cease its loss-making plywood manufacturing operations, affecting 88 employees, with most to be retrenched or transferred within the group.
Kim Loong Resources Bhd’s 2Q27 net profit fell to RM44.94mil from RM47.31mil a year earlier, while revenue declined to RM422.76mil from RM436.19mil.
For the first half, net profit rose to RM100.12mil from RM89.23mil, while revenue increased to RM872.42mil from RM847.91mil.
Powerwell has partnered with Socomec Innovative Solution (Malaysia) to pursue opportunities in Malaysia’s growing data centre and hyperscale market, focusing on integrated power distribution and UPS solutions.
