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Building products giant James Hardie on Monday announced a 9 percent decline in half-year net profits through September and lowered its full-year profit forecast, citing costs linked to an asbestos claims case.
Large US banks have been stand-outs in the early part of the second-quarter earnings season, but analysts are warning of speed bumps ahead.
TRADITIONAL focus on underwriting profits more than anything else has helped general insurer Overseas Assurance Corp (M) Bhd (OAC) attain satisfactory results that look set to improve considerably in the coming years.
KUALA LUMPUR: The banks’ capital position remained strong in 2018 and they also continued to record healthy profits in 2018, largely supported by income from financing activities and continued efficiency gains, according to Bank Negara Malaysia.