News by theedgemarkets.com

Paramount 3Q net profit doubles on disposal gain

Paramount attributed its stronger profitability to a RM23.3 million gain from the disposal of its controlling stake in its tertiary education business ... to the University of Wollongong, which was completed on Sept 3.

20 November, 2019

1MDB audit report was sent to Najib before PAC, says witness

The prosecution's fifth witness, Nor Salwani, said today she had printed out 60 copies of the final draft of the 1MDB audit report, and on Feb 22, 2016, gave Ambrin six copies to hand out to Najib, the former premier's chief private secretary Tan Sri Shukry Mohd Salleh, Ali, Datuk Dzulkifli Ahmad from the Attorney General's Chambers, and former 1MDB CEO Arul Kanda Kandasamy.

20 November, 2019

SunCon 3Q net profit slides on lower construction contribution

Earnings per share, accordingly, fell to 2.6 sen from 2.82 sen, its Bursa Malaysia filing yesterday showed. Revenue fell 28% to RM402.58 million from RM557.32 million, as a majority of SunCon’s existing projects are just at their initial stage.

20 November, 2019

KLK 4Q net profit up 37%, lifted by manufacturing segment

KLK said its manufacturing segment, which includes the oleochemical division, saw profit more than doubling to RM95.3 million from RM43.7 million, despite a drop in revenue to RM2.05 billion from RM2.44 billion, due to declining prices.

20 November, 2019
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