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Corporate News 01 Dec 2018 | 12:00 AM Premium

Genting, Genting Malaysia incur losses in Q3

KUALA LUMPUR: Genting Bhd and its 49.5% owned Genting Malaysia Bhd both swung into the red in the third quarter ended Sept 30, 2018, with net losses of RM275.79mil and RM1.49bil, respectively, mainly due to impairment losses.

Business 14 Jun 2010 | 12:00 AM Premium

FRS139 making impact

PETALING JAYA: The banking industry's gross impaired loans are expected to rise going forward versus the current non-performing loan figures as more banks switch to the new FRS139 accounting standard, experts said.

Business 28 Feb 2013 | 12:00 AM Premium

Kulim posts Q4 loss of RM1.3b

PETALING JAYA: Kulim (M) Bhd has posted a net loss of RM1.28bil compared to a net profit of RM120.55mil a year ago for its fourth quarter ended Dec 31, 2012 due to the impairment losses of its associate and lower crude palm oil (CPO) prices.

Business 14 May 2015 | 12:00 AM Premium

MBSB has no toxic loans: CEO

PETALING JAYA: Non-bank lender Malaysia Building Society Bhd (MBSB) has no toxic assets and will have registered a pre-tax profit of more than RM200mil for its first quarter ended March 31, had no provisions been set aside, according to its head honcho.

Corporate News 20 Feb 2018 | 10:49 AM Premium

Foxconn unit FIH Mobile expects to post up to US$525m loss for 2017

HONG KONG: Mobile handset maker FIH Mobile Ltd said on Tuesday that it expected to swing to net loss of up to $525 million for 2017 due to costs relating to a new business and loss arising from the impairment of its investment portfolio.

Analyst Reports 15 Dec 2017 | 12:00 AM Premium

Genting Malaysia 'neutral', Berjaya Food 'buy', Aeon Credit 'buy', Banks 'neutral'

GENTING Malaysia Bhd’s (GenM) indoor theme park and the 20th Century Fox World outdoor theme park are expected to be opened in the first and second half of 2018.