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PETALING JAYA: Boustead Holdings Bhd posted a net profit of RM2.9mil for the second quarter ended June 30, compared with RM34.6mil a year earlier on lower contribution from pharmaceutical, property and heavy industries divisions, while minority interests rose.
Boustead Holdings Bhd is investing RM60mil in its sixth Royal Bintang Hotel which is being built in Penang and plans to have the seventh in Cherating, Pahang in two years.
Boustead Heavy Industries Corp. Bhd (BHIC) has accepted two contracts from Boustead Naval Shipyard Sdn Bhd (BNS) for two projects under the littoral combat ships programme.
PETALING JAYA: Analysts have given higher valuations for Icon Offshore Bhd and Boustead Plantations Bhd, which are scheduled for listing on Bursa Malaysia’s main market on June 25 and June 26 respectively.
PETALING JAYA: Boustead Plantations Bhd is looking to sell more of its land as it seeks to hive off “non performing assets.”