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TENAGA Nasional Bhd (TNB) has posted a net profit of RM706mil for its fiscal 1st half to end-February, down 47% from RM1.3bil in the same period a year earlier. However, revenue came in higher at RM8bil compared with RM7.5bil previously.
A MAJORITY of institutional investors in Malaysia are prepared to pay at least 20% more for companies with excellent corporate governance practices, while a substantial minority (15%) said they would even fork out a 50% premium for such well-run companies.
NESTLE (M) Bhd will close down all activities relating to the sugar confectionery business conducted by two subsidiaries from May 1, as they have been a drain on the company#039;s operating profits.
CYL Corporation Bhd has experienced a surge in business orders from customers who are involved in the detergent and toiletries sectors since March following the onset of the Severe Acute Respiratory Syndrome (SARS), its managing director Chen Yat Lee said.