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Alcoa Inc, the world's largest aluminium producer, has reported a profit dip for the latest quarter but the result still beat Wall Street estimates as the company controlled costs to offset weaker demand in the key aerospace and gas turbine sectors and higher energy costs.
KNM Group Bhd expects its overseas market, which it is aggressively expanding, to account for more than half its total revenue this year, said managing director Lee Swee Eng.
SHARES on the KLSE second board and the Mesdaq market rallied yesterday, even as a number of blue chips continued to consolidate after healthy gains over the past few weeks.
PEMBINAAN Jayabumi (Sarawak) Berhad (PJSB), scheduled to list on the KLSE second board on Aug 14, is introducing in the fourth quarter double-walled underground petroleum storage tanks to enlarge its market share in the oil and gas sector.
UMW Corp Bhd#039;s acquisition of 90.5% equity in Petrodril (M) Sdn Bhd in March last year has provided opportunities and growth potential for the automotive and industrial manufacturing group to develop its oil and gas division as a core business and to expand its earnings base.
SCOMI Group Bhd has agreed to acquire Peninsular Malaysia's only drilling fluids and base oil bulking storage company, OBM Terminal Sdn Bhd, for RM6.3mil cash.