Sime Darby 2Q net profit dips 11% on recognition of RPGT

KUALA LUMPUR (Feb 26): Sime Darby Bhd's net profit for the second quarter ended Dec 31, 2019 fell 11% to RM282 million from RM317 million a year earlier, mainly due to recognition of a deferred tax credit of RM129 million arising from the change in real property gain tax (RPGT) rates.

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MMC Corp sees 43% fall in 4Q profit with slower SSP work progress

KUALA LUMPUR (Feb 25): MMC Corp Bhd posted a 43% year-on-year net profit decline in its fourth quarter ended Dec 31, 2019 (4QFY19), dragged by slower work progress at the Sungai Buloh-Serdang-Putrajaya (SSP) line of the Klang Valley Mass Rapid Transit (KVMRT), following a revision of the contract for the job in November 2018.

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IOI Properties 2QFY20 net profit down 7%

KUALA LUMPUR (Feb 25): Lower contribution from the property development segment dragged down IOI Properties Group Bhd’s net profit by 7% in the second financial quarter ended Dec 31, 2019 (2QFY20).

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