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KPS closes the year commendably, navigating operating challenges with resilience
SHAH ALAM: Kumpulan Perangsang Selangor Bhd (KPS) announced a commendable set of financial results for the fourth quarter and full-year ended Dec 31, 2021 (FY2021).
Petronas posts RM16.5bil loss
PETALING JAYA: Petroliam Nasional Bhd (Petronas) posted a net loss of RM16.5bil in the first half ended June 30, 2020 due to impairments and weaker oil prices.
Finland's OP Financial Group sees half-year profit plunge due to pandemic
HELSINKI, July 21 (Xinhua) -- Due to the COVID-19 pandemic, Finland's OP Financial Group (OP) saw its half-year profit plunge by around 28 percent, although income from customer business grew, the firm announced in its half-year report published on Tuesday.
Mavcom: Time for airlines to go beyond code-sharing, alliances
KUALA LUMPUR (Bernama): It is about time airline companies such as Malaysia Airlines Bhd (MAB) go beyond code-sharing or alliances and look into regional tie-up to survive in the highly competitive and capital-intensive industry.
PwC: TH didn’t make impairment on decline in investments’ value
PETALING JAYA: Lembaga Tabung Haji’s (TH) 2017 financial statements have been overstated mainly because the pilgrims fund did not make impairments on significant decline in value of its investments, a review of its financial position shows.
SCIB to promote products aggressively
KUCHING: Sarawak Consolidated Industries Bhd (SCIB), which had a group order book of RM13mil as at the end of last year, will aggressively promote its industrialised building system (IBS) products this year.
Shipping firm Hubline incurs group net loss in FY2013
KUCHING: Shipping firm Hubline Bhd incurred a group net loss of RM207.7mil for the financial year ended Sept 30 last year (FY2013), due mainly to hefty impairment provisions and scrapping of old vessels.
TAS Offshore sees massive jump in pre-tax profit
KUCHING: TAS Offshore Bhd chalked up a 160% jump in group’s pre-tax profit to RM9.5mil in the second quarter to Nov 30 last year, from RM3.6mil during the same period in 2012.
Shipbuilder TAS Offshore's quarterly earnings get big boost
KUCHING: A write back and foreign exchange gain have given a big boost to shipbuilder TAS Offshore Bhd’s latest quarterly earnings.
Press Metal sells off non-profitable aluminium smelting plant in China
KUCHING: Press Metal Bhd, which owns aluminium smelting plants in Mukah and Bintulu, is selling its loss-making facility in China.
