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Corporate News 27 Feb 2018 | 10:24 AM

Lower revenue and cost overruns hit Barakah

KUALA LUMPUR: Barakah Offshore Petroleum Bhd sinks deeper into the red in the fourth quarter ended Dec 31, 2017 due to cost overruns at on-going projects, while revenue dropped by almost two-third.

Corporate News 27 Feb 2018 | 11:16 AM

Boustead Plantations net profit jumps on land sale

KUALA LUMPUR: Boustead Plantations Bhd ended the 2017 financial year with a net profit of RM661.96 million compared with RM216.35 million chalked up in the previous year mainly driven by gains realised from land disposal in Penang amounting to RM555 million.

Corporate News 27 Feb 2018 | 11:27 AM

Ekovest posts net profit of RM55.46mil in Q2

KUALA LUMPUR: Ekovest Bhd's net profit for its second quarter ended Dec 31, 2017 rose to RM55.46 million compared with RM41.03 milion a year ago.

Corporate News 27 Feb 2018 | 1:28 PM

AirAsia to double narrowbody fleet size to 500 aircrafts by 2027

KUALA LUMPUR: AirAsia Bhd is seeking to more than double the size of its narrowbody fleet to 500 aircrafts in ten years, targeting to grab a bigger share in the highly competitive and increasingly crowded aviation market in the region.

Corporate News 27 Feb 2018 | 1:48 PM

Press Metal buys aluminium rod maker for RM96mil

KUALA LUMPUR: Press Metal Aluminium Holdings Bhd says a unit is buying an aluminium rod maker for RM96mil, as the group seeks to expand its production capacity.

Corporate News 27 Feb 2018 | 10:56 PM

Comcast's US$31bil Sky bid crashes Murdoch and Disney show

LONDON: U.S. cable giant Comcast Corp has offered US$31 billion for Sky Plc, threatening a plan hatched by Rupert Murdoch's Twenty-First Century Fox Inc and Walt Disney Co to seize control of Europe's biggest pay-TV group

Corporate News 28 Feb 2018 | 12:00 AM

Binasat Q2 earnings at RM2.07mil

PETALING JAYA: Newly listed Binasat Communications Bhd recorded a net profit of RM2.07mil on the back of RM13.34mil in revenue for its second quarter (Q2) ended Dec 31, 2017.

Property 28 Feb 2018 | 12:00 AM

PNB 118 tower to reach 40% completion by year-end

KUALA LUMPUR: Permodalan Nasional Bhd expects its iconic PNB 118 tower to reach 40% completion by year-end.

Corporate News 28 Feb 2018 | 12:00 AM

TM to boost earnings with technology mix

KUALA LUMPUR: Telekom Malaysia Bhd (TM), which recorded RM929.75mil in net profit for the financial year ended Dec 31, 2017, is pushing for higher broadband adoption nationwide with its various technology mix to boost earnings.

Corporate News 28 Feb 2018 | 12:00 AM

Genting posts lower net profit on higher impairment losses

PETALING JAYA: Genting Bhd has posted an 88% decline in net profit for the fourth quarter ended Dec 31, 2017 due to higher impairment losses, as well as a one-off gain from the disposal of its stake in Genting Hong Kong Ltd a year earlier.