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Ekovest's 3Q net loss doubles on higher interest, tax expenses

Ekovest Bhd’s net loss doubled to RM15.86 million in the third quarter ended March 31, 2023 (3QFY2023) from RM7.96 million a year ago, despite improved revenue, as interest expenses rose while it booked a deferred tax expense of RM38.72 milion.

Two directors resign from YNH Property

YNH Property Bhd independent and non-executive directors Ching Nye Mi @ Chieng Ngie Chay, 75, and Ding Ming Hea, 59, have resigned from the property developer’s board, effective May 31.

DONE DEAL: Terrace house, Subang Jaya, Selangor

Noteworthy:

  • Leasehold
  • Built-up size: 3,500 sq ft
  • Land size: 1,599 sq ft
  • 5 bedrooms, 4 bathrooms
  • Semi furnished
  • Nearby amenities: convenience stores, Sunway Pyramid, Empire Subang, Sunway Medical Centre, INTI International College, Subang Jaya Medical Center, Subang Jaya KTM Komuter, LRT SS15
  • Accessibility: New Pantai Expressway, Federal Highway, LDP, KESAS, NKVE

When: November 2022

E&O's 4Q net profit dives 80% on-year on higher expenses

Eastern & Oriental Bhd’s net profit plunged 79.64% to RM16.09 million in the fourth quarter ended March 31, 2023 (4QFY2023), from RM79.02 million a year ago, amid a sharp increase of other expenses at RM120.51 million, from RM23.63 million a year before.