News by TheEdgemarkets.com

The warehouse is leased to and will be shared by CEVA Logistics, a global logistics and supply chain company, and SL Ng, a fast-moving consumer goods market expansion service provider.

Wan Ahmad Farid said as the extension of time is not granted, the judicial review application is dismissed with costs to be paid to Zakaria Ismail, who led the group.

Yong Tai Bhd's net loss swelled to RM135.34 million in the fourth financial quarter ended June 30, 2022 (4QFY22), mainly due to an impairment loss of RM113.1 million.

Mulpha International Bhd’s net profit rose 15.8% to RM35.77 million or earnings per share of 11.5 sen in the second quarter ended June 30, 2022 (2QFY22), from RM30.9 million or 9.72 sen a year ago.

AME Elite Consortium Bhd's net profit for the first quarter ended June 30, 2022 (1QFY23) fell 15.65% to RM6.09 million from RM7.21 million in the same period last year mainly due to a finance cost of RM2.68 million, resulting from the unwinding of a discount on deferred land purchase considerations.

Sunsuria Bhd net profit rose 17% to RM4.16 million for the third quarter ended June 30, 2022 (3QFY22) from RM3.57 million a year ago, as sales momentum rose amid normalising economic activities and the reopening of international borders.

Paramount Corp Bhd's net profit jumped 5.6 times to RM9.12 million in the second quarter ended June 30, 2022 (2QFY22) from RM1.62 million in the same quarter a year ago, boosted by a higher revenue.

Iskandar Waterfront City Bhd's (IWCity) net loss widened by 45% year-on-year for the second quarter ended June 30, 2022 (2QFY22) on lower level of work and billings achieved for its property development business.

Chin Hin Group Bhd’s net profit for the second quarter ended June 30, 2022 (2QFY22) got a big boost from the revaluation of its 19.34% stake in Solarvest Holdings Bhd.

Sime Darby Property Bhd said on Friday (Aug 26) labour shortage presents challenges to the property developer to fully recognise its profit and revenue due to delayed works at its construction sites.