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