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KUALA LUMPUR: Genting Bhd fell deeper into the red in first quarter due to the adverse impact of the Covid-19 pandemic on the group's leisure and hospitality operations.
HOUSTON: An unprecedented fight over who should sit on the board of Exxon Mobil Corp is turning into a referendum on chief executive officer (CEO) Darren Woods as a decades-long struggle by climate campaigners comes to a head.
KUALA LUMPUR (Bernama) -- Hibiscus Petroleum Bhd registered a higher net profit of RM32.03 million in the third quarter (Q3) ended March 31, 2021, compared with RM28.47 million a year earlier on better oil prices.
NEW YORK: Oil prices jumped 2% on Friday after three days of losses, driven higher as a storm formed in the Gulf of Mexico, but were on track for a weekly fall as investors braced for the return of Iranian crude supplies after officials said Iran and world powers made progress a nuclear deal.
High Covid-19 cases and fears of a lockdown sent the FBM KLCI to a three-month low on Friday with the broader market continuing to be weak.
PETALING JAYA: Profits that disappointed investors third time in a row reiterates expectations that recovery will be slow for integrated technical services provider Dialog Group Bhd.
PETALING JAYA: Bumi Armada Bhd’s valuations at six times the financial year 2021 (FY21) price-to-earnings ratio compared to the FBM KLCI’s 17 times currently may be “unjustified”, given the significant improvement in its core earnings since stabilising Armada Kraken’s operations.
Watchdog calls for end to new oil, gas and coal funding
PETALING JAYA: Wah Seong Corp Bhd returned to the black, with a net profit of RM8.57mil for the first quarter (Q1) ended March 31,2021, compared with a net loss of RM44.43mil in the corresponding quarter last year, driven mainly by its oil and gas segment.