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Core F&B business grows due to strong in-home consumption
KUALA LUMPUR: Nestle (Malaysia) Bhd recorded a net profit of RM128.39mil in the third quarter ended Sept 30, 2020, which was 13.8% lower than RM148.99mil in the previous corresponding quarter due to the impact of the pandemic on hotels and restaurants and higher operational expenses.
KUALA LUMPUR: UOB Kay Hian Malaysia Research is maintaining its Buy call on Tenaga Nasional as RM10.26 with a target price of RM13.70 on news the power giant is mulling plans to list its power generation unit.
NEW YORK: NextEra Energy Inc, the world's largest producer of wind and solar energy, has made a roughly US$15 billion all-stock acquisition offer for U.S. power utility Evergy Inc, people familiar with the matter said on Monday.
PETALING JAYA: United Plantations Bhd posted a 58% rise in net profit to RM95.3mil for the third quarter ended Sept 30 mainly due to higher crude palm oil (CPO) and palm kernel (PK) average prices.
KUALA LUMPUR: In light of the unprecedented challenges brought about by the Covid-19 pandemic, Petroliam Nasional Bhd’s (Petronas) board has approved an additional RM10bil dividend payment to the federal government by the end of this month.