KUCHING: Petra Energy Bhd has delivered sharply higher group net profits of RM29.53 million in second quarter to June 30, 2024 (2Q2024) from RM16.24 million in 2Q2023 despite drop in group revenue to RM162.6 million from RM184.8 million. The higher profits boosted earnings per share to 9.2sen from 5.06sen. In
KUCHING: Imported furniture, which is mainly from China, is flooding the Indonesian market. According to the Indonesian Furniture and Craft Industry Association’s analysis on data from the Central Statistics Agency, imports of furniture products surged by about 29 per cent in first quarter 2024 (1Q2024) from a year ago to
KUCHING: Pansar Bhd is focusing on the continued growth of its various businesses which produced commendable financial results in financial year ended March 31, 2024 (FY2024), says its chairman Datuk James Tai Cheong. He said the group reported a 25.6 per cent increase in revenue to RM1.04 billion in FY2024
KUCHING: China has sharply increased the imports of rubberwood from Thailand and paid much higher prices for the raw material. In the first five months of 2024 (5m2024), China raised the imports of rubberwood from Thailand by 27 per cent to 2.12 million cubic metres (cu m) and forked out
KUCHING: Press Metal Aluminium Holdings Bhd has entered into a collaboration agreement with Xi’an Jiaotong University (XJTU) of China on carbon capture and utilisation research and development. The agreement is in researching and developing economically viable methods to concentrate, capture and utilise the direct carbon emission that arises from the
KUCHING: Sarawak Cable Bhd (SCB) has been ordered to be placed under interim judicial management by the Kuala Lumpur High Court. The court made the order after allowing an application by the solicitors acting on behalf of Messrs Krish Maniam & Co to place SCB under judicial management pursuant to
KUCHING: Shin Yang Group Bhd (SYGroup) is to acquire four companies, which are involved in car dealership business in Sarawak and Sabah, for a total of RM144.5 million. The proposed deal is a related party transaction. SYGroup has entered into a conditional share sale agreement (SSA) with Shin Yang Holding
KUCHING: Naim Holdings Bhd will sell land in Muara Tuang district here for RM223.38 million in cash. Its wholly-owned subsidiary Naim Land Sdn Bhd has entered into a conditional sale and purchase agreement (SPA) with Onlyee Flora Sdn Bhd (OFSB) for the disposal of all that piece of land measuring
KUCHING: Dayang Enterprise Holdings Bhd’s executive chairman Datuk Hasmi Hasnan has resigned as a director of Perdana Petroleum Bhd from July 1. Dayang is the largest shareholder of Perdana Petroleum, with an equity interest of 63.593 per cent as at April 5, 2024. Perdana Petroleum is a leading provider of
KUCHING: Ta Ann Holdings Bhd has posted higher group net profit of about RM43.3 million in first quarter to March 31, 2024 (1Q2024) against RM39.3 million a year ago on sharply higher fair value gain from biological assets. Group revenue grew marginally to RM352.4 million from RM350.7 million in 1Q2023.
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