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Indian operations, forex weigh on Axiata in Q1

KUALA LUMPUR: Axiata Group posted net losses of RM147.41mil in the first quarter ended March 31, 2018 weighed down by the Indian telecommunications market and due to forex translation impact as the ringgit strengthened.

UEM Sunrise posts higher earnings, property sales double

KUALA LUMPUR: UEM Sunrise Bhd's earnings rose 8.4% to RM25.28mil in the first quarter ended March 31, 2018 from a year ago due to lower operating costs, higher other income and net contribution from associates and joint ventures.

UEM Sunrise managing director and CEO Anwar Syahrin Abdul Ajib the sales performance of RM434.3mil was “highly positive amid today’s soft property market environment”.

TM's 1Q net profit falls 31% to RM157m

KUALA LUMPUR: Telekom Malaysia Bhd's net earnings fell 31.8% to RM157.16mil for its first quarter ended March 31, 2018, compared to RM230.43mil in the year-ago period as TM ONE's contributions were impacted by a decline in voice, data and other telecommunications-related services.

Lee Swee Kiat dips at midday, tracks weaker market

KUALA LUMPUR: Lee Swee Kiat Group Bhd (LSK) dipped at midday on Tuesday, in line with the weaker broader market after announcing plans to buy Mattress Factory Outlet Sdn Bhd's (MFO) business.

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