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PETALING JAYA: Petroliam Nasional Bhd (Petronas) posted a net loss of RM16.5bil in the first half ended June 30, 2020 due to impairments and weaker oil prices.
HELSINKI, July 21 (Xinhua) -- Due to the COVID-19 pandemic, Finland's OP Financial Group (OP) saw its half-year profit plunge by around 28 percent, although income from customer business grew, the firm announced in its half-year report published on Tuesday.
KUALA LUMPUR (Bernama): It is about time airline companies such as Malaysia Airlines Bhd (MAB) go beyond code-sharing or alliances and look into regional tie-up to survive in the highly competitive and capital-intensive industry.
PETALING JAYA: Lembaga Tabung Haji’s (TH) 2017 financial statements have been overstated mainly because the pilgrims fund did not make impairments on significant decline in value of its investments, a review of its financial position shows.
KUCHING: Shipping firm Hubline Bhd incurred a group net loss of RM207.7mil for the financial year ended Sept 30 last year (FY2013), due mainly to hefty impairment provisions and scrapping of old vessels.
KUCHING: A write back and foreign exchange gain have given a big boost to shipbuilder TAS Offshore Bhd’s latest quarterly earnings.
KUCHING: Press Metal Bhd, which owns aluminium smelting plants in Mukah and Bintulu, is selling its loss-making facility in China.
KUCHING: An impairment loss of RM24.3mil on long outstanding debts has resulted in Zecon Bhd having to “swallow the bullets” as far as its earnings are concerned.