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Genting posts lower Q1 net profit on provision

KUALA LUMPUR: Genting Bhd is reviewing spending plans and cost structures in Malaysia following recent hikes in casino duties, while a provision on a terminated project impacted its first quarter earnings.

UEM Sunrise Q1 net profit rises to RM30mil

KUALA LUMPUR (Bernama) -- UEM Sunrise Bhd’s net profit increased 19% to RM30.1mil in the first quarter for the financial year ended March 31, compared with RM25.3mil in the same quarter last year.

GFM upbeat on outlook after strong Q1 results

KUALA LUMPUR: GFM Services Bhd's posted a strong set of first quarter results mainly due to the facilities management services and is upbeat on the outlook for remaining year with an order book of RM1.38bil at March 31, 2019.

Inari Amertron Q3 net profit down by 30%

KUALA LUMPUR: Semiconductor company Inari Amertron Bhd's net profit fell by 30.7% to RM38.18mil in the third quarter ended March 31, 2019 mainly due to lower revenue, changes in product mix and higher depreciation cost.

Genting Plantations reports lower earnings in Q1

KUALA LUMPUR (Bernama) -- Genting Plantations Bhd’s net profit for the first quarter ended March 31, fell to RM41.68mil from RM100.98mil posted in the same period a year ago.

Jaya Tiasa sinks deeper into the red in Q3

KUALA LUMPUR: Jay Tiasa Holdings Bhd said net loss widened to RM125.3mil in the third quarter ended March 31 compared with RM48.6mil loss made a year ago.

UMW plans RM607mil capex for 2019

SHAH ALAM: UMW Holdings Bhd has allocated RM607mil as capital expenditure (capex) mainly to upgrade its manufacturing plants and buy new equipment for its heavy industry division.

UMW president and group CEO Badrul Feisal Abdul Rahim said the group was also working on a two-year plan to have more Toyota models assembled in Malaysia. 

Malton MD Lim Siew Fai passes away

KUALA LUMPUR: Malton Bhd's managing director Lim Siew Fai has passed, the company said in a statement to Bursa Malaysia on Thursday.