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Scientex posts 22% higher Q4 net profit of RM88.29mil

KUALA LUMPUR: Scientex Bhd posted its best-ever quarterly performance in its fourth quarter ended July 31,2018, with a net profit of RM88.29mil, 22% higher than in the same quarter last year as revenue grew 13% to RM733.15mil.

Scientex unit seals deal to buy land

PETALING JAYA: Scientex Bhd’s wholly owned subsidiary, Scientex Heights Sdn Bhd, has entered into a sale and purchase agreement with Real Golden Development Sdn Bhd for the proposed acquisition of two pieces of freehold agriculture land in Durian Tunggal, Melaka, measuring a net area of 208.9 acres for RM68.25mil.

PLS to venture into durian business

KUALA LUMPUR: PLS Plantations Bhd plans to acquire a 70% stake in Dulai Fruits Enterprise Sdn Bhd for RM21mil.

Six million Ikea shoppers expected to hit up India’s first store

MUMBAI: In a milestone that’s been more than a decade in the making, India’s first Ikea store will open today, bringing inexpensive Nordic-inspired furnishings and food to the world’s fastest-growing middle class.

Malaysia’s problem: How to cut a better economic deal with China

KUALA LUMPUR: Prime Minister Tun Dr Mahathir Mohamad is pushing back against China’s dominance in the economy, stalling billions of dollars of contracts as he tries to renegotiate them.

Domestic attractions focus of MATTA carnival in Selangor

HOLIDAY-GOERS can look forward to a variety of vacation deals and value-for-money travel packages at the upcoming Malaysian Asso-ciation of Tour and Travel Agents (MATTA) Fair-Selangor Carnival (MFSC) 2018.

Scientex 'market perform', BIMB 'buy', Tan Chong 'hold', MSM 'neutral'

KENANGA Research has lowered its financial year 2018 (FY18)-FY19 core net profit forecasts for Scientex to RM256mil to RM293mil on lower revenue recognition in FY18. The research house also reduced its target price for the counter to RM6.90 from RM7.35.

Scientex Q3 net profit lower at RM61mil

PETALING JAYA: Scientex Bhd saw its net profit for the third quarter ended April 30, slide 8.1% to RM61.1mil year-on-year (y-o-y) due to lower contribution from the group’s property division.

Scientex posts lower Q3 net profit of RM62.5m

KUALA LUMPUR: Scientex Bhd's net profit in Q3 ended April 30 came in 8% lower at RM62.5mil from RM67.42 in the year-ago quarter on the back of 5.6% lower revenue of RM600.18mil.

Loob plans 500 Tealive stores in China

PETALING JAYA: Tealive bubble tea brand owner Loob Holding Sdn Bhd, which has entered into a joint venture (JV) with two Chinese companies, plans to set up 500 stores in China.