News by Surin Murugiah

Eversendai Corp Bhd's net loss for the third quarter ended Sept 30, 2022 (3QFY2022) ballooned to RM96.27 million from a net loss of RM14.82 million a year earlier, mainly due to under-utilisation of the group’s fabrication facilities, as well as a weakening ringgit.

AME Elite Consortium Bhd's net profit for the second quarter ended Sept 30, 2022 (2QFY2023) rose more than fourfold to RM45.81 million, from RM9.76 million a year ago, on stronger progress in its industrial parks and fair value gains from disposal of industrial properties.

Sime Darby Property Bhd (SDP) net profit for the third quarter ended Sept 30, 2022 (3QFY2022) surged to RM56.13 million from a net loss of RM5.19 million a year earlier on the back of higher revenue.

Econpile Holdings Bhd's net loss for the first quarter ended Sept 30, 2022 (1QFY2023) narrowed to RM4.83 million from a net loss of RM5.79 million a year earlier, mainly due to stabilising building material costs and higher gross profits generated from its overseas operations.

Rapid KL has asked passengers to utilise its feeder bus service to ease congestion, following the suspension of services at 16 LRT stations from the Kelana Jaya Station to the Ampang Park Station for seven days from Wednesday (Nov 9) to Tuesday (Nov 15).

Rapid KL said the stations affected are Kelana Jaya, Taman Bahagia, Taman Paramount, Asia Jaya, Taman Jaya, Universiti, Kerinchi, Abdullah Hukum, Bangsar, KL Sentral, Pasar Seni, Masjid Jamek, Dang Wangi, Kampung Baru, KLCC and Ampang Park.

These scammers have passed themselves as official IIB communication or impersonated IIB personnel, enticing the public to participate in fake investment opportunities.

It is expecting to issue and submit its Annual Report 2022 no later than Nov 7 after the completion of the annual audited financial statements of the group for the financial year ended June 30.

Yeoh said Malaysia is a relatively young nation with a high urbanisation rate, factors which will drive demand for housing and infrastructure development.

The research house said the results were within the house (103.2%) but exceeded the consensus (105.7%) full-year forecasts.