KUCHING: Ibraco Bhd has reported sharply lower group net profit of about RM5.3 million in first quarter to March 31, 2024 (1Q2024) from RM10.4 million a year ago due mainly to lower property sales and higher administrative expenses. The decreased earnings were recorded despite higher group revenue of RM80.1 million
KUCHING: Petra Energy Bhd has announced the adoption of a dividend policy of distributing at least 30 per cent of its net profit attributable to the owners of the company, with effect from current financial year ending Dec 31, 2024. In first quarter to March 31, 2024 (1Q2024), the oil
KUCHING: KKB Engineering Bhd has more than doubled its group revenue to RM150.3 million in first quarter ended March 31, 2024 (1Q2024) from RM60.5 million a year ago, thanks to the strong performance of the steel fabrication business. The higher revenue drove group pre-tax profit to RM13.3 million (1Q2023: RM5.57
KUCHING: Japan has increased the imports of plywood from four key supply countries — Indonesia, Malaysia, Vietnam and China — this year. In February 2024, Japan raised the plywood (HS441210-39) imports from the top four countries by more than 20 per cent to 129,300 cubic metres (cu m) from 106,200
KUCHING: Cahya Mata Sarawak Bhd continues to prepare for the commercialisation of its phosphate plant in Samalaju Industrial Park, Bintulu despite the on-going legal dispute with power supplier, Syarikat SESCO Bhd. Once the legal issues have been resolved, the plant is set to commence commercial operation, said Cahya Mata Sarawak
KUCHING: Ceramic tile maker Kim Hin Industry Bhd has ceased its manufacturing operation in Shanghai, China after 30 years. The company’s executive chairman Chua Seng Huat said with the shutdown of the Shanghai’s manufacturing facility in January, this year, Kim Hin has refocused its Shanghai operations to outsourced products and
KUCHING: Rimbunan Sawit Bhd (RSB) is cautiously optimistic on the outlook of the group in 2024 in anticipation of global growing demand for palm oil and increasing exports by Malaysia. Company’s managing director Tiong Chiong Ie said the Malaysian oil palm industry is anticipating a stronger performance in 2024 due
KUCHING: Ocean Vantage Holdings Bhd’s (OVH) revenue stream has been broadened with the re-activation of drilling rig charter services segment last year. This segment generated revenue of RM1.3 million for the group in financial year 2023 (FY2023). “The revenue from this segment reflects our strategic efforts to capitalise on emerging
KUCHING: Naim Holdings Bhd has reported notable improvement in the performance of its construction business through disciplined cost management, said its chairman Datuk Amar Abdul Hamed Sepawi. He said disciplined cost management had resulted in cost savings from certain completed construction projects, and this had positively contributed to the group’s
KUCHING: Asteel Group Bhd is planning to export its metal roofing and set up roll-forming facilities in neighbouring countries to take advantage of their rapid development, said its group managing director Datuk Sri Victor Hii Lu Thian. He said the expansion would start with Sarawak’s closest neighbour, Kalimantan in Indonesia.
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