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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Tropicana 4Q earnings more than doubles

KUALA LUMPUR (Feb 28): Tropicana Corp Bhd, which intends to buy land near Genting Highlands, saw its net profit for the fourth quarter of its financial year ended Dec 31, 2017 (4QFY17) more than double to RM69.

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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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