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Business 02 Oct 2012 | 12:00 AM Premium

Research firm cuts TA earnings forecast

PETALING JAYA: Research firm Hwang-DBS Vickers Research has cut TA Enterprise Bhds Jan 31, 2013 year-end forecast earnings by 21% following a RM16.7mil impairment loss in its second quarter ended July 31, 2012. This had resulted in TA Enterprise recording a massive 74.77% drop in its latest quarterly earnings to RM6.62mil as compared to the same quarter last year.

Business 23 Oct 2015 | 12:00 AM Premium

SMFG to book impairment losses from Indonesia bank ops

TOKYO: Sumitomo Mitsui Financial Group Inc (SMFG) is planning to book an impairment loss of around US$500mil on its minority stake in Indonesian lender PT Bank Tabungan Pensiunan Nasional Tbk (BTPN), sources said.

Business 24 Jun 2015 | 11:01 PM Premium

Astral Supreme makes recovery from 2013 unusual transactions and payments

KUALA LUMPUR: The process has taken a long time, but Astral Supreme Bhd has started recovering back its money from the questionable sales transactions and impairment loss carried out for the 2013 financial year.

Business 28 Dec 2016 | 12:00 AM Premium

Toshiba may book big loss on US nuclear acquisition

TOKYO: Toshiba Corp said it may book a goodwill impairment loss of several hundreds of billion yen on a US nuclear power acquisition – a shock warning that sent it stock tumbling 12% and rekindled concerns about its accounting acumen

Business 27 Oct 2016 | 10:20 AM Premium

Thai PTTEP turns a Q3 profit, sees crude prices rising in Q4

BANGKOK: Thailand’s largest oil and gas explorer, PTT Exploration and Production Pcl, posted on Thursday a net profit in the third quarter versus a loss a year ago mainly due to an absence of an impairment loss and gains from oil hedging.

Business 25 Jun 2015 | 12:00 AM Premium

Auditor completes findings on Astral

KUALA LUMPUR: Astral Supreme Bhd has started recovering back its money from the questionable sales transactions and impairment loss carried out for the 2013 financial year.

Business 17 Jan 2017 | 12:00 AM Premium

Axiata core earnings forecasts retained

PETALING JAYA: Axiata Group Bhd’s earnings risk is expected to prevail in the near term due to a possible impairment loss in its 19.79% stake in India’s Idea Cellular, said Public Investment Bank (PublicInvest).

Community 29 Aug 2015 | 12:00 AM Premium

May fire hits Press Metal 2nd quarter earnings

KUCHING: Press Metal Bhd’s earnings were hit by a partial machinery impairment loss of RM32.8mil caused by a recent fire at the company’s aluminium smelting plant in Samalaju Industrial Park, Bintulu.