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Corporate News 26 Feb 2019 | 12:07 PM Premium

IOI Properties Q2 net profit jumps to RM214.8m

KUALA LUMPUR: IOI Properties Bhd's profit in the second quarter ended Dec 31, 2018 was boosted by property development in China and higher share of profit in joint ventures arising from the sale of South Beach Residences in Singapore and foreign currency translation gain.

Corporate News 25 Feb 2019 | 10:36 AM Premium

Globetronics FY18 net profit up 37% despite Q4 decline

KUALA LUMPUR: Globetronics Technology Bhd's net profit for the financial year ended Dec 31, 2018 rose at a stronger pace despite a decline in the fourth quarter due to lower volume loadings of certain products especially in December 2018 from certain customers.

Stock on the Move 21 Dec 2018 | 1:55 AM Premium

Aeon Credit shares rise after earnings beat

KUALA LUMPUR: Aeon Credit Service (M) Bhd shares rose in early trade Friday after the company exceeded analysts’ estimates in its third quarter earnings report.

Corporate News 05 Dec 2018 | 12:00 AM Premium

Targets and outlook for corporate profits in Malaysia trimmed

PETALING JAYA: The weak third quarter corporate earnings surprised many brokers for the missed estimates and signalled a step back in the earnings growth of the companies in the FBM KLCI this year. The poor showing by corporate Malaysia in the third quarter has prompted many research houses to trim their targets and outlook for earnings as they take a cautious stance for 2019.

Corporate News 30 Nov 2018 | 12:00 AM Premium

Sapura to sell stake in drilling division

SERI KEMBANGAN: Fresh from selling a stake in its exploration and production (E&P) arm, Sapura Energy Bhd is in talks with several parties to sell a stake in its drilling division.

Corporate News 04 Oct 2018 | 11:09 AM Premium

Aeon Credit lifts interim payout as Q2 profit rises

KUALA LUMPUR: Aeon Credit Service (M) Bhd has declared a higher interim dividend payout after net profit in the second quarter ended Aug 31 jumped 13% to RM80.6mil on higher transactions and financing volume.

Corporate News 19 Jul 2018 | 12:00 AM Premium

Tek Seng solar unit ceases production

PETALING JAYA: A subsidiary of Tek Seng Holdings Bhd is ceasing production in the third quarter of this year due to increasingly tough conditions in the solar industry.

Corporate News 27 Apr 2018 | 9:00 AM Premium

MISC's RM15.68b capex over next 5 yrs

KUALA LUMPUR: MISC Bhd has allocated US$4bil (US$1 = 3.92) in capital expenditure (capex) over the next five years with the aim of securing more floating production storage and offloading (FPSO), and shuttle tankers projects.