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Slight dip in HSL net profit for 1Q

KUALA LUMPUR: Sarawak-based Hock Seng Lee Bhd (HSL) has seen a slight dip in its net profit for the first quarter ended March 31 — to RM19.5 million due to the long Chinese New Year break.

Revenue was also 3% lower at RM135.1 million, compared with RM139.2 million a year ago.

Dijaya leverages its Tropicana brand

KUALA LUMPUR: Dijaya Corp Bhd has announced it will leverage its Tropicana brand and will operate under the new trade name of Tropicana Corp Bhd effective immediately.

Boustead 1Q earnings down 29% on lower CPO price

KUALA LUMPUR: Boustead Holdings Bhd’s net profit fell 29% to RM134 million for the first quarter (1Q) ended March 31, due to lower crude palm oil (CPO) prices from its plantation division.

Revenue, however, rose 4.1% year-on-year to RM2.5 billion during the quarter, the company said in a filing with Bursa Malaysia yesterday.

KLK 2Q earnings slip lower

KUALA LUMPUR: Kuala Lumpur Kepong Bhd’s net profit for the second quarter ended March 31 this year slipped 2.5% year-on-year to RM209.6 million while revenue fell 11.4% to RM2.23 billion due to lower profit contribution from the plantation segment.

Modernising industrial parks

Opposite the Indahpura housing estate in Kulai, Johor, lies a modern property sales gallery on a sprawling, landscaped field. Many curious people have come in to enquire about whether new condominiums or houses were coming up on the site.