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Boustead first-half profit almost doubles to RM57.2mil

BOUSTEAD Holdings Bhd's first-half net profit has soared by nearly 100% from a year ago with the help of strong performance in its plantation and property divisions, two of its core operations.

Boustead to use RM200mil EPF package for projects

BOUSTEAD Holdings Bhd will use the RM200mil financing package from the Employees Provident Fund (EPF) to support its existing and future projects.

News in brief

Ratings

Rising wealth and tourists good for industry

THE changing lifestyle and growing affluence among Malaysian consumers are set to herald better news for the local retailing industry.

Retail property sector set for rebound

STRONGER economic growth and consumer confidence are fuelling a more robust retail property market. Demand is also the uptrend. I>STARBIZ/Iassistant news editor ANGIE NG and Journalist PANG HONG YEE probe the outlook for the Industry.

Boustead pre-tax profit and turnover for nine months surge

BOUSTEAD Holdings Bhd delivered a sterling performance for the nine months ended Sept 30, with pre-tax profit of RM207mil, up 47% from the corresponding period last year. Turnover increased to RM930mil from RM771mil previously.

News in brief

News briefs on: Boustead Properties, PK Resources, Euroquan, Leader Universal, UOB and The Media Shoppe.

CEO Outlook 2005: Air of confidence despite challenges

Malaysia Airlines managing director Datuk Fuaad Dahalan is confident that the tourism industry will recover in the short term, as various governments and the international community are focussed on rebuilding the affected territories damaged by the tsunami disaster. Boustead Properties Bhd has just opened The Curve retail centre in Mutiara Damansara and is pleased with the response. Executive director Datuk Ghazali Mohd Ali finds this an exciting year for retail.

Boustead to buy 70% of BP Malaysia for RM456mil

BOUSTEAD Holdings Bhd, through subsidiary Boustead Mint Sdn Bhd, has reached an agreement to buy a 70% stake in BP Malaysia Sdn Bhd for RM456mil cash, subject to working capital requirements. The remaining 30% is held by Lembaga Tabung Angkatan Tentera (LTAT).