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Deleum proposes 1-for-2 bonus issue
KUALA LUMPUR: Deleum Bhd has proposed a 1-for-2 bonus issue of 50 million new shares of RM1 each. It said the proposed bonus issue would be capitalised from its retained earnings, and would result in the company’s issued and paid-up capital increasing from 100 million shares to 150 million shares of RM1 each.
Boost for O&G sector
KUALA LUMPUR: More newsflow is expected from the oil and gas (O&G) industry which is likely to continue its outperformance in the calendar years 2012 and 2013 on sustained high oil prices.
Deleum bidding for RM200m jobs
KUALA LUMPUR: Deleum Bhd which provides a diverse range of supporting specialised products and services for the oil and gas industry, has submitted tenders for contracts worth RM200mil.
Deleum MD to resign on March 21
KUALA LUMPUR: Deleum Bhd group managing director Chandran Aloysius Rajadurai has tendered his resignation to pursue his personal interest.
Deleum Q2 net profit plunges 50% on decreased activities
PETALING JAYA: Deleum Bhd's net profit for its second quarter ended June 30 plunged almost 50% to RM4.12mil from RM8.15mil a year earlier due to its lower activities level as well as approved gratuity payments to executive directors following their retirement.
News in brief
News on: Tanjung's scope of work changed, Deleum buys over Rotary Technical, Pantech Q4 net profit at RM10.3m, Eastern Pacific results improve, Daya proposes bonus issue and Dijaya takes up stake in BCorp
Economic impact of resurgent oil market
The crude oil market is bubbling again. Prices will surely continue climbing in the years ahead. Meanwhile, what will the current oil resurgence do to a budding economic recovery?
Deleum aims to maintain earnings
Oil and gas services provider Deleum Bhd aims to focus on maintaining, rather than growing, its earnings this year as the sector defers projects on falling crude oil prices.
KLCI falls to 4-week low
Blue chips fell to a four-week low at the midday break on Wednesday, with DiGi, Bursa and BCHB among the decliners, mirroring the weak Asian markets.
