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PETALING JAYA: Leong Hup International Bhd’s net profit in the second quarter ended June 30 was flattish after its biggest market, namely Indonesia, suffered a sharp contraction in revenue
Analysts welcome succesful execution of projects
Economy expected to pick up by 4%-5% next year
KUALA Lumpur: Sime Darby Bhd reported a net profit of RM820mil for the financial year ended June 30,2020 compared with RM948mil a year ago despite challenging market conditions due to the Covid-19 outbreak in the second half of FY20.
CEO expects growth momentum to continue in coming quarters
Conglomerate posts strong results despite challenges
KUALA LUMPUR: Tenaga Nasional Bhd (TNB), which posted a 41.5% fall in net profit to RM653.3mil in the second quarter ended June 30, has declared a dividend of 22 sen.
KUALA LUMPUR: Public Bank Bhd reported net profit of RM1bil in the second quarter, down by 24.8% from RM1.33bil a year ago due to a mainly due to the one-off day one net modification loss related to Covid-19 relief measures of RM498.4mil.
KUALA LUMPUR: Hong Leong Bank Bhd posted a net profit of RM2.49bil in the financial year ended June 30, 2020, a 6.7% decline over the previous financial year, owing to headwinds experienced in the second half of the year.
KUALA LUMPUR: CIMB Group Holdings Bhd aims to aggressively rationalise cost following the impact of the challenging economic environment and is targetting an absolute cost reduction of around RM500mil or 5% for full year 2020.