Vertice falls into the red in FY17 after four losing quarters

KUALA LUMPUR (Feb 28): Vertice Bhd, which has a 13% stake in Penang undersea tunnel developer Consortium Zenith Construction Sdn Bhd (CZC), posted its fourth consecutive losing quarter today on expenses incurred for multiple corporate exercises, higher administrative spending and a loss in its retail division.

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Eversendai upbeat on prospects after FY17 turnaround

KUALA LUMPUR (Feb 28): Steel and construction outfit Eversendai Corp Bhd, which returned to black in its financial year ended Dec 31, 2017 (FY17), is upbeat about its prospects this year as it continues to build steady growth in terms of revenue and profit.

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Azeez: I have never heard of Zenith Construction

GEORGE TOWN (Feb 28): Pilgrims Fund Board (Tabung Haji) chairman Datuk Seri Abdul Azeez Abdul Rahim, served with a letter of demand by Penang undersea tunnel developer Consortium Zenith Construction Sdn Bhd (CZC), said he does not know the company.

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