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AMMB posts Q4 earnings of RM280m, Div 10.5 sen

KUALA LUMPUR: AMMB Holdings Bhd posted earnings of RM280.02mil in the fourth quarter ended March 31, 2016 and rewarded shareholders with a dividend of 10.5 sen a share and cautioned about a slower growth for the banking sector.

CIMB posts RM39.3mil Q3 profit

CIMB Bhd, which will be listed on the KLSE main board on Jan 8, has reported a lower pre-tax profit of RM39.3mil for its third quarter ended Sept 30, 2002, down 35% from RM61mil in the same period the year before.

Bank of China chief to head watchdog

Bank of China president Liu Mingkang will step down to take charge of a new banking regulatory body expected to be split off from the central bank later this year, according to banking and government sources.

Delta out to double its haulage

DELTA Haulage Transport (M) Sdn Bhd is hopeful of doubling its transport of unladen containers boxes from 700 monthly currently to 1,500 next year.

Yahoo posts Q4 profit, sees 2003 services growth

Internet media company Yahoo! Inc has reported a fourth-quarter profit versus a year-earlier loss and forecast that a second consecutive year of double-digit gains would carry revenues above the high-water mark of the Internet boom.

Motorola posts US$174mil Q4 profit

Motorola Inc has reported a US$174mil profit for the fourth quarter, touting its second straight quarterly gain as the latest modest evidence that a two-year restructuring is paying off.

AIA posts 48% rise in new business premiums

AMERICAN International Assurance Company Ltd (AIA) has announced a record RM500mil in new business premiums in Malaysia for the year ended Nov 30, 2002, a 48% increase over the RM340mil figure in 2001.

TI posts quarterly loss on write-downs

Texas Instruments Inc (TI), the top maker of semiconductors for cell phones, has posted a fourth-quarter net loss after a large investment write-down, but otherwise beat expectations with strong sales of chips for wireless handsets.

AMR posts aviation's largest loss

AMR Corp, the corporate parent of American Airlines, has posted the biggest yearly loss in aviation history. The world#8217;s largest airline, battling a perception that it would have to follow some major rivals into bankruptcy, reported on Wednesday a loss of US$3.5bil for 2002, and warned that it must cut costs drastically to keep flying.

Fujitsu in the red for 7th quarter

Fujitsu Ltd, Japan#8217;s No.1 computer maker, reported its seventh straight quarter of net losses yesterday, hit by weak information technology (IT) spending, but kept its earnings targets for the year to March with vows of a fourth-quarter rebound.