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Marubeni ups profit forecast on solar asset sales
TOKYO: Japanese trading house Marubeni Corp has raised its profit and dividend forecasts for the current financial year due to gains from the sale of solar power assets and firmer metals prices.
MAAG’s Philippines associate now a subsidiary
KUALA LUMPUR: MAA Group Bhd’s (MAAG) unit MAA International Assurance Ltd is increasing its equity interest in associate MAA General Assurance Philippines Inc and turning the general insurance firm into a subsidiary.
MAA Group turns Philippine general insurance firm into a subsidiary
KUALA LUMPUR: MAA Group Bhd’s (MAAG) unit MAA International Assurance Ltd is increasing its equity interest in associate MAA General Assurance Philippines Inc and turning the general insurance firm into a subsidiary.
VS Industry upbeat about financial year 2017
PETALING JAYA: VS Industry Bhd expects a better performance in the financial year 2017 (FY17), driven by a new customer base to produce the Diamond-branded water filtration system as well as new orders for its in-house coffee-brewer model.
'Overweight' rating stays for construction sector
THE prospect for the construction sector is positive, driven by an anticipated core earnings growth of 15% year-on-year in 2017 due to record high order books for most companies.
Carlsberg Q4 net profit rises to RM74.5mil
PETALING JAYA: Carlsberg Brewery Malaysia Bhd posted a 17.8% rise in net profit of RM74.48mil for the fourth quarter ended Dec 31, 2015 compared to the same quarter in the previous year.
Carlsberg Q4 net profit rises to RM74.5mil
KUALA LUMPUR: Carlsberg Brewery Malaysia Bhd posted a 17.8% rise in net profit of RM74.48mil for the fourth quarter ended Dec 31, 2015 compared to the same quarter in the previous year.
Taliworks exits China, gains solid waste concession in M’sia
KUALA LUMPUR: Taliworks Corp Bhd, realigning its strategy to focus on mature operational cash-generating utilities and infrastructure businesses, is selling its entire China investments - including concessions to operate five wastewater treatment plants and a waste transfer facility - for US$54.6mil (RM230.4mil).
Strong dollar to boost Petronas Chemicals, says Maybank IB Research
KUALA LUMPUR : Petronas Chemicals Bhd (Pchem) is set to record a better financial performance in 2016 as the strong US dollar is set to boost its overall earnings, says Maybank IB Research.
Petronas Chemicals net profit rises to RM704mil
PETALING JAYA: Petronas Chemicals Group Bhd (PetChem) reported a net profit of RM704mil for its fourth quarter ended Dec 31, 2015, or a 40% increase from RM500mil a year ago.