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KUALA LUMPUR: Kumpulan Powernet Bhd’s net profit jumped 216% to RM7.31mil in the fourth quarter ended June 30 from RM2.31mil a year ago, boosted by strong revenue from its new construction-related division.
PETALING JAYA: Kumpulan Powernet Bhd has secured a US$40.7mil (RM174.5mil) contract from Zhenghong Building Road & Bridge Construction Co Ltd for the civil works of two hydropower energy plants in Laos.
Company to use proceeds for construction business
KUALA LUMPUR: Bursa Malaysia and key Asian markets started Monday on a cautious note as investors focused on the fresh infections of the Covid-19 coronavirus.
KUALA LUMPUR: Blue chips fell in early Friday trade as US-China tensions saw investors backing off and the FBM KLCI faced selling pressure.
KUALA LUMPUR: Kumpulan Powernet Bhd (KPower) posted its third straight quarterly earnings gain, boosted by the group's expanding construction business.
KUALA LUMPUR: Kumpulan Powernet Bhd (KPower) has proposed to undertake a private placement of its shares worth RM51.31mil to individuals and entities, of which the proceeds are to be utilised for working capital for construction business, general working capital and estimated expenses in relation to the proposals
KUALA LUMPUR: Shares of Kumpulan Powernet Bhd (KPower) rose 4% this morning after the company secured a RM208mil power plant job in Nepal.
KUALA LUMPUR: Tenaga Nasional and MISC provided the boost for Bursa Malaysia early with local funds believed to be behind the buying.