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Nation 19 Apr 2003 | 12:00 AM

Fund announces 4.25% dividend for 2002

The Employees Provident Fund (EPF) has announced a 4.25% dividend for last year, down by 0.75% compared with 2001.

Business 12 Apr 2003 | 12:00 AM

Dow Jones Q1 earnings rise amid tough ad market

Media company Dow Jones Co Inc has reported higher first-quarter profits, but depressed advertising sales at its newspapers overshadowed the results.

Business 13 Mar 2003 | 12:00 AM

HSBC posts RM449m profit

HSBC Bank Malaysia Bhd has reported a profit before tax and zakat of RM448.7mil for the financial year ended Dec 31, 2002, down slightly from RM482.8mil a year earlier owing to a rise in loan loss allowance to RM69.3mil from RM28.2mil previously.

Business 11 Mar 2003 | 12:00 AM

StanChart 2002 profit sharply up

STANDARD Chartered Bank Malaysia Bhd has recovered strongly to post a pre-tax profit of RM367mil for the year ended Dec 31, 2002, sharply up from RM26mil the year before, with loan loss provisions significantly lower at RM33mil against RM434mil previously.

Business 10 Mar 2003 | 12:00 AM

Cost management a strength for Citibank

A core competency for Citibank is cost management.

Business 01 Mar 2003 | 12:00 AM

AMMB - a wait and see

GIVEN AMMB Holdings Bhd's latest set of results that failed to excite, most analysts prefer to closely watch how well the country's fifth largest banking group's planned merger between commercial bank AmBank Bhd and finance company AmFinance Bhd will eventually pan out.

Business 28 Feb 2003 | 12:00 AM

Nestle profit up 13% but misses sales growth target

Nestle SA, the world#8217;s largest food group whose portfolio of brands includes I>Nescaf/I>e coffee, I>KitKat/Ichocolate bars and I>Perrier/Iwater, reported yesterday a 13% rise in 2002 profit but said core sales growth failed to reach its own target.

Business 27 Feb 2003 | 12:00 AM

EON posts 10.4% rise in pre-tax profit

EDARAN Otomobil Nasional Bhd (EON) has reported a 10.4% increase in its group pre-tax profit of RM905.9mil for the financial year ended Dec 31, 2002 compared with RM820.3mil in the previous year.

Business 26 Feb 2003 | 12:00 AM

CIMB profit 16% higher than forecast

RECENTLY-LISTED CIMB Bhd has announced a pro forma after-tax profit of RM130.4mil for the year ended Dec 31, 2002, beating by 16% the profit forecast of RM112.7mil that it made in its prospectus.

Business 25 Feb 2003 | 12:00 AM

Star Cruises records net earnings of US$73.1mil

Star Cruises group, an associate of Genting Bhd, recorded a net income of US$73.1mil for the financial year ended Dec 31, 2002, compared with a loss of US$8.4mil the previous year.