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Business

Mudajaya sees turnaround as early as in third quarter

PETALING JAYA: Loss-making Mudajaya Group Bhd expects to start seeing a turnaround in its fortunes by as early as the third quarter of its current financial year ending Dec 31 as it seeks to fix its Indian venture.

Business

TM earnings marginally lower at RM301.4mil in third quarter

PETALING JAYA: Telekom Malaysia Bhd (TM) achieved a net profit of RM301.4mil, or 8.40 sen per share, for its third quarter ended Sept 30, marginally lower than the RM302.1mil, or 8.40 sen per share, posted in the same quarter last year after it made lower gains.

Business

E&O third quarter net profit down but revenue higher

PETALING JAYA: Eastern & Oriental Bhd’s (E&O) third quarter net profit dropped 29.28% to RM21.98mil on the back of a 36.41% jump in revenue to RM331.9mil due to higher income tax expense.

Business

HLIB earnings up 27% to RM58mil in third quarter

PETALING JAYA: Hong Leong Industries Bhd’s (HLIB) third-quarter net profit to March 31, 2016 increased 27.4% to RM58.65mil on the back of higher profit contribution from an associated company.

Business

IHH profit for third quarter rises 25.5% to RM147mil

PETALING JAYA: IHH Healthcare Bhd’s net profit for the third quarter ended Sept 30 jumped 25.5% to RM146.91mil on the back of higher inpatient volumes, revenue intensity and contribution from new hospitals.

Business

Third quarter growth at 4.4%

Contrary to market prediction, Malaysia’s economy grew at a marginally slower pace in the third quarter, instead of picking up pace.

Business

Market ends third quarter on positive note

THE local stock market has ended the third quarter on a positive note, closing 6% higher yesterday in active trade and raising hopes the next three months would see the KLSE Composite Index (CI) rising to around the 800-point level.

Business

US third-quarter economic growth raised to 3.5%

WASHINGTON: The US economy grew faster than initially thought in the third quarter, notching its best performance in two years, amid solid consumer spending and a jump in soybean exports.

Business

US third-quarter growth revised lower to 2.0%

WASHINGTON: The US economy grew at a fairly healthy clip in the third quarter as strong consumer and business spending offset efforts by businesses to reduce an inventory glut, underscoring its resilience despite a raft of headwinds.

Business

US economy slows to 1.5% growth in third quarter

WASHINGTON: The US economy grew at a slower pace in the third quarter as exports and private inventory investment fell, but crucial consumer spending remained strong, the Commerce Department said Thursday.

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