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Aeon Credit net profit tumbles 79% in 4Q
KUALA LUMPUR: Aeon Credit Service (M) Bhd’s net profit fell 79.4% to RM23.38mil in the fourth quarter ended Feb 28 from RM113.71mil a year ago.
Further recovery for SunREIT as borders reopen
KUALA LUMPUR: The reopening of international borders and relaxation of SOPs will further facilitate a normalisation in Sunway Real Estate Investment Trust's (SunREIT) income over the coming quarters, says AmInvestment Bank Research.
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.
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.
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.
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.
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.
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.
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.
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.
