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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 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.
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 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).