Malaysian Resources Corp Bhd (MRCB) returns to the black with a net profit of RM26.8 million or 1.5 sen per share in the fourth quarter ended Dec 31, 2015 (4QFY15) from a net loss of RM5.27 million a year ago.
However, revenue dropped 20.3% to RM388.2 million in 4QFY15 from RM487.17 million in 4QFY14, it said in a filing with Bursa Malaysia today.
In a separate statement, the diversified group said the profit achieved was attributable to the completion of the Q Sentral development and the sale of Platinum Sentral on Jalan Stesen and other investments.
The better performance was also due to contributions from other ongoing residential development projects that included the Sentral Residences and 9 Seputeh.
Tiong Nam Logistics Holdings Bhd posted a net profit of RM22.08 million or 5.3 sen a share for the third quarter ended Dec 31, 2015 (3QFY16), a big jump of 137% from RM9.33 million or 2.22 sen a share achieved in the previous corresponding quarter, largely contributed by its logistics and warehouse services, as well as the property development segment.
In a filing with Bursa Malaysia today, Tiong Nam said that revenue for the period was 19.3% higher at RM173.89 million from RM145.7 million a year ago.
"Revenue from logistics and warehousing services division increased 11.8% to RM119.4 million from RM106.8 million in 3QFY15, mainly due to securing of new total logistics customers as well as business expansion from existing customers," the logistics player said in its filing.
Genting Plantations Bhd saw its net profit drop nearly 57% to RM59.4 million or 7.69 sen per share in the fourth quarter ended Dec 31, 2015 (4QFY15) from RM137.68 million or 18.14 sen per share a year ago on lower land and biodiesel sales as well as lower crude palm oil (CPO) prices.
In a filing with Bursa Malaysia today, Genting Plantations said revenue also declined 26.7% to RM424.4 million in 4QFY15 from RM579.01 million a year ago.
The company recommended a final single-tier dividend of three sen per share for FY15, which if approved would take the total dividend for the year to 5.5 sen per share, inclusive of the period's earlier interim dividend of 2.5 sen.
For the full year ended Dec 31, 2015 (FY15), the company's net profit shrunk 49.7% to RM189.75 million or 24.49 sen per share from RM377.25 million or 49.33 sen per share in FY14 on the back of a 16.46% decline in revenue to RM1.37 billion from RM1.64 billion.
In the notes accompanying its result announcement, Genting Plantations said the property segment's lower land sales and the downstream manufacturing segment's lower biodiesel sales more than outweighed the improvement in the plantation segment that was underpinned by higher sales of palm products.
Genting Plantations said the reduction in the group's revenue in FY15 was mainly due to lower fresh fruit bunch (FFB) production and weaker selling prices achieved by its Malaysian plantation segment, coupled with declines in land sales as well as biodiesel sales.
Daibochi Plastic and Packaging Industry Bhd's net profit grew 11.7% to RM6.59 million, or 2.41 sen per share, in the fourth quarter ended Dec 31, 2015 (4QFY15) from RM5.9 million or 2.17 sen per share in the previous corresponding quarter.
The plastic packaging manufacturer attributed the increase in net profit to improved margins due to higher export sales as a result of the weaker ringgit against other currencies, new product innovations to the Australia and New Zealand (ANZ) market, lower resin prices and favourable product mix.
Revenue, however, dropped 1.12% to RM83.11 million in 4QFY15 from RM84.05 million due to weaker demand caused by the implementation of the goods and services tax (GST).
Daibochi declared dividend of 1.3 sen per share, payable on April 8, 2016 with an ex-date of March 11, 2016, bring the total dividend declared to 5.87 sen per share.
Luxchem Corp Bhd's net profit more than doubled to RM14.82 million or 5.64 sen per share in the fourth quarter ended Dec 31, 2015 (4QFY15), compared to RM6.29 million or 2.42 sen per share a year earlier.
The better earnings were underpinned by higher contribution from the trading and manufacturing segment and the reversal of RM4.29 million in employee benefit expense during the quarter, it told Bursa Malaysia today.
Revenue for the quarter was also higher at RM183.27 million, up 24.57% from RM147.12 million in 4QFY14. Luxchem is proposing a single tier final dividend of 4.5 sen per share for the financial year ended Dec 31, 2015, subject to the shareholders' approval at the forthcoming annual general meeting.
Construction piling specialist Pintaras Jaya Bhd's net profit slumped 83.3% to RM2.53 million in the second quarter ended Dec 31, 2015 (2QFY16), from RM15.17 million a year ago due to the low rate of project replenishment and cost overruns in the construction business.
The company told Bursa Malaysia today its revenue slid 57.9% to RM31.22 million from RM74.11 million in 2QFY15.
"The decline was attributable mainly to the lower contribution from both the construction and manufacturing divisions coupled with a lower investment income," it said.
DBE Gurney Resources Bhd is collaborating with seven Taiwanese companies in secondary processing of chickens and marketing of its value-added chicken products via franchising.
The group announced to Bursa Malaysia today that its wholly-owned subsidiary DBE Poultry Sdn Bhd has signed a memorandum of understanding (MoU) with seven partners, namely Taiwan Shing Shang Co Ltd, JienPeng International Co Ltd, FuHsin International Co Ltd, Solatek Co Ltd, HTS Technology Co Ltd, UltraBrave Technology, and Formosa Food King Co Ltd.
DBE Gurney said it entered into the agreement to enhance its business activities by venturing into retailing of chicken products under "Harumi" brand. DBE Gurney intends to open its first fast-food restaurant in Perak by mid-2016. and have 30 restaurants, 3,000 kiosks and 300 mobile trucks in the next three years through franchising.
Alliance Financial Group Bhd's net profit increased 7% to RM135.6 million in the third quarter ended Dec 31, 2015 (3QFY16) from RM126.37 million a year earlier. Profit rose on higher interest and non-interest income.
Lower bad loan allowance also supported bottom line growth, Alliance said in a filing with Bursa Malaysia today. According to Alliance, 3QFY16 revenue increased to RM361.18 million from RM350.08 million.
For the cumulative nine months ended Dec 31 (9MFY16), Alliance's net profit declined to RM392.19 million from RM437.51 million a year earlier. Revenue dropped to RM1.071 billion from RM1.075 billion in 9MFY15.
Tien Wah Press Holdings Bhd's net profit jumped 14.1% to RM11.8 million in the fourth quarter ended Dec 31, 2015 (4QFY15) from RM7.82 million a year earlier, boosted by RM2.1 million gain on disposal of 50% of Toyo (Viet) Paper Product Co. Ltd, sales rebate of RM3.9 million in 2014 and improvement in operating margins, favourable foreign currency exchange rate and lower depreciation charge.
The lower depreciation charge in the current quarter was RM1.5 million as the group had assessed and revised the residual useful life of certain plant and machineries to reflect its longer estimated useful life based on past experiences and machine vendor's validation.
Quarterly revenue grew by 11.9% to RM97.1 million from RM86.8 million in 4QFY14. Tien Wah recommended a final single tier dividend of 14 sen, subject to shareholders' approval at the forthcoming annual general meeting. The payment date is June 30, 2016.
MPHB Capital Bhd's net profit increased 43% to RM28.97 million in the fourth quarter ended Dec 31, 2015 (4QFY15) from RM20.21 million a year earlier. Profit rise was due to financial asset gains and lower business expenses.
In a filing with Bursa Malaysia today, MPHB, which has insurance and hotel businesses, said revenue fell to RM87.43 million from RM100.69 million.
MPHB said its profit before tax rose to RM45.39 million from a year earlier due to net gain in the fair value of financial assets and "reduced expenses incurred in the current quarter".
UEM Sunrise Bhd's unit UEM Land Bhd is tying up with SUTL Marina Holdings Pte Ltd, a diversified Singapore-based group, to undertake several projects at Puteri Harbour, Iskandar Puteri in Johor.
In a bourse filing today, the property developer said UEM Land has entered into a joint venture (JV) agreement with SUTL Marina to establish a JV company with a 40:60 (UEML:SUTL) equity share to cooperate in incorporating, financing and operating a JV company in Malaysia.
The JV company, according to UEM Sunrise, was tasked to develop the portion of the public marina that has yet to be developed, the private marina and the mega yacht marina, and to operate the public marina, the private marina and the mega yacht marina.
Telekom Malaysia Bhd (TM) has partnered PCCW Ltd, a telecommunications provider owned by Hong Kong billionaire Li Ka-Shing's son Richard Li, to bring the latter's new freemium video streaming service Viu for TM's broadband subscribers.
With the partnership, TM subscribers can access to Viu's premium content for free for three months. The premium service will be made available beginning March 15.
Viu centres on Asian content, particularly Korean-produced.
Handal Resources Bhd's net profit increased 8% to RM2.87 million in the fourth quarter ended Dec 31, 2015 (4QFY15) from RM2.65 million a year earlier on higher operating income and lower expenses.
In a filing with Bursa Malaysia today, crane manufacturer Handal said revenue, however, fell to RM41.06 million from RM49.89 million in 4QFY14.
"Despite lower revenue generated in the current quarter, the group registered a profit before tax of RM5.41 million as compared to RM5.36 million in the preceding year's corresponding quarter. This is mainly due to higher operating income coupled with improved operating efficiency," Handal said.
Sunway Bhd said its property division Sunway Property is targeting to launch RM1.6 billion gross development value (GDV) worth of properties this year, with launches spread across the Klang Valley, Johor, Ipoh and Penang.
At a press briefing today, Sunway managing director Sarena Cheah said that the group aims to secure RM1.4 billion in property sales in 2016, following the group's achievement of RM1.2 billion sales in 2014. Its unbilled sales stood at RM2.3 billion as at end-2015.
The group currently has land bank of 3,304 acres, with potential GDV of RM47.7 billion over 15 years. Despite the challenging environment in 2015, Cheah said the take-up rate of its recent launches over the past four months has seen good take-up rate of 80%.
Amway (Malaysia) Holdings Bhd saw its net profit for the fourth quarter ended Dec 31, 2015 (4QFY15) plunge 78.13% to RM5.08 million or 3.09 sen per share from RM23.23 million or 14.13 sen per share a year ago.
In a filing with Bursa Malaysia today, Amway said the lower earnings was due to higher import costs as well as increased incentive provisions and operating expenses as a result of higher sales.
Revenue for the quarter came in 16.7% higher at RM268.28 million from RM229.88 million in 4QFY14. Amway declared 15 sen dividend comprising of a fourth interim dividend of 10 sen and a 5 sen special dividend, payable on March 24.
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