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KLCI clings to 1,600 as heavyweights weigh
KUALA LUMPUR: The FBM KLCI managed to cling on the key 1,600 level early Wednesday as Petronas Gas, Public Bank, Telekom Malaysia and Tenaga Nasional slipped amid lack of fund support.
HSS net profit down in Q3
KUALA LUMPUR: Engineering and project management consultant HSS Engineers Bhd’s net profit declined to RM900,000 in the third quarter of 2019 from RM9.15mil in the same period a year ago.
Batu Kawan earnings down to RM363mil on weak operations
KUALA LUMPUR: Batu Kawan Bhd’s net profit for the financial year ended Sept 30,2019 fell to RM363.49mil from RM365.68mil a year ago.
IRB job for DNeX unit
KUALA LUMPUR: Dagang NeXchange Bhd (DNeX), through its indirect 60%-owned subsidiary Innovation Associates Consulting Sdn Bhd (IAC), has secured a RM42.75mil contract from the Inland Revenue Board (IRB) to re-engineer the country’s tax self-assessment system.
Planters to be hit by extra RM1 cess
KUALA LUMPUR: The additional RM1 cess per tonne of palm oil produced that will be imposed by the government starting next year will lead to higher production costs for planters.
Omesti secures IRB contract
KUALA LUMPUR: Software and application developer Omesti Bhd has secured a RM71.47mil contract from the Inland Revenue Board for the provision of rental services of computer equipment.
Magnum returns to the black despite lower revenue
PETALING JAYA: Despite lower revenue, Magnum Bhd has returned to the black with a net profit of RM48mil in the third quarter ended Sept 30, driven by lower net loss of investment holding and other divisions.
Petronas Gas earnings retreat 13.6% in third quarter
PETALING JAYA: Petronas Gas Bhd’s (PetGas) net profit dipped 13.6% to RM431.58mil in the third quarter ended Sept 30,2019 (3Q19) from RM499.80mil a year ago, dragged down by lower revenue and higher repair and maintenance costs from the utilities segment.
Alam Maritim posts first quarterly profit in two years
KUALA LUMPUR: Alam Maritim Resources Bhd posted its first quarterly net profit in more than two years on the back of higher contribution and better margin from its offshore, installation and construction (OIC) business.
Late buying of Public Bank, Hong Leong lift KLCI
KUALA LUMPUR: Public Bank, Hong Leong Bank and Tenaga Nasional reversed their losses and nudged the FBM KLCI into the positive zone at the close of trade on Tuesday after a volatile day.