Affin Holdings Bhd saw a marginal decline of 1.4% in net profit to RM137.4 million or 7.07 sen a share for the second quarter ended June 30, 2016 (2QFY16), from RM139.39 million or 7.17 sen a share a year ago, due to higher taxation.
Its net income rose 6.1% to RM476.72 million in 2QFY16, from RM449.2 million in 2QFY15, on improved interest income, Islamic banking income and other operating income during the quarter under review.
For the cumulative six months (1HFY16), its net profit increased 49.3% to RM252.96 million or 13.02 sen a share, from RM169.47 million or 8.72 sen a share in 1HFY15. Net income also rose 2.9% to RM903.64 million, from RM877.87 million in 1HY15, on higher interest income and Islamic banking income, totalling RM31.6 million.
Furniture manufacturer Lii Hen Industries Bhd’s second-quarter net profit grew 34.4% to RM17.02 million or 9.46 sen per share, from RM12.6 million or 7.03 sen per share a year ago, on better U.S. dollar exchange rate.
Revenue for the quarter ended June 30, 2016 (2QFY16) rose 4.5% to RM144.5 million, from RM138.2 million in 2QFY15, it told Bursa Malaysia in a filing today.
A second dividend of four sen, totalling RM7.2 million, was declared for the first half year of FY16, payable on Sept 23.
Elsoft Research Bhd posted a more than five-fold rise in second-quarter net profit to RM10.4 million, from RM1.87 million a year ago, on higher revenue and foreign exchange gains.
Revenue for the quarter ended June 30, 2016 (2QFY16) jumped 239.6% to RM18.4 million, from RM5.43 million for 2QFY15, contributed by the return of demand from the automotive industry and continuous demand from the smart devices industry.
The group declared an interim dividend of three sen per share, payable on Sept 29.
Tan Chong Motor Holdings Bhd posted a net loss of RM14.58 million in the second quarter ended June 30, 2016 (2QFY16), compared with a net profit of RM14.16 million a year ago.
Its earnings before interest, taxes, depreciation, and amortisation (EBITDA) was higher from its operating segments, it told a bourse filing today.
The Nissan-brand automobile distributor revealed revenue rose 8.7% to RM1.37 billion in 2QFY16, from RM1.26 billion in 2QFY15.
The board declared an interim dividend of one sen for the financial year ending Dec 31, 2016, payable on Sept 29.
Kian Joo Can Factory Bhd’s net profit rose 11.9% to RM39.49 million or 8.89 sen a share in the second quarter ended June 30, 2016 (2QFY16), from RM35.28 million or 7.95 sen a share a year ago, on higher revenue.
Revenue increased 12% to RM438.88 million in 2QFY16, from RM391.8 million in 2QFY15, thanks to increased revenue across all its divisions during the current quarter under review.
However, Kian Joo saw its net profit fall 19.2% to RM51.36 million or 11.56 sen a share for the cumulative six months (1HFY16), from RM63.59 million or 14.32 sen a share a year ago, due to foreign currency exchange losses, higher operating and finance costs.
This was despite revenue rising 17.5% to RM866.95 million in 1HFY16, from RM737.73 million in 1HFY15.
Amcorp Properties Bhd saw its net profit for the first financial quarter ended June 30, 2016 (1QFY17) fall 92.1% to RM4.48 million, from RM56.9 million a year ago, due to a gain on disposal of Merchant Square in London last year.
Revenue grew 27.4% to RM43.8 million in 1QFY17, from RM34.4 million in 1QFY16.
In a filing with Bursa Malaysia today, it said Malaysian property projects contributed RM20.3 million and the renewable energy and contracting division contributed RM23.5 million in the current quarter under review.
Tune Protect Group Bhd’s net profit for the second quarter ended June 30, 2016 (2QFY16) rose 64% to RM26.46 million or 3.52 sen per share, from RM16.14 million or 2.15 sen per share a year ago, on increases in pre-tax profit of RM16.3 million in general insurance and RM400,000 in general reinsurance.
Revenue was up 8.9% to RM125.5 million in 2QFY16, from RM115.2 million in 2QFY15, due to increase of RM6.9 million in gross earned premiumsand RM3.3 million in investment income.
CSC Steel Holdings Bhd's net profit almost tripled to RM29.32 million or 7.95 sen per share in the second quarter ended June 30, 2016 (2QFY16), from RM10.45 million or 2.82 sen per share a year ago, due to lower cost of production experienced during the quarter, as a result of lower hot rolled steel prices.
Its revenue rose 4.4% to RM269.72 million, from RM258.33 million in 2QFY15.
For the first-half period (1HFY16), the group's net profit jumped 141.3% to RM38.27 million or 10.38 sen per share, from RM15.86 million or 4.27 sen per share, despite its revenue falling by 11.2% to RM490.71 million, from RM552.7 million.
Perisai Petroleum Teknologi Bhd's floating production, storage and offloading (FPSO) facility at the North Malay Basin has secured a six-month extension of charter duration. This is worth up to US$45 million (RM180.66 million), depending on the daily average of Brent crude oil price.
In a filing with Bursa Malaysia today, Perisai said its 40%-owned associate company Larizz Petroleum Services Sdn Bhd, and Hess Exploration and Production Malaysia BV, have agreed to extend the charter duration until May 31 next year.
At the end of the extension period, Hess may exercise its option to further extend the charter on a monthly basis for up to 12 months.
WZ Satu Bhd has bagged a RM70.78 million contract to undertake civil roadworks for parts of the West Coast Expressway, which links Taiping, Perak, to Banting in Selangor.
In a filing with Bursa Malaysia today, WZ Satu said its wholly-owned subsidiary, WZS KenKeong Sdn Bhd, has accepted a letter of award from the joint venture of Q Bena Resources Sdn Bhd and Prisma Simfoni Sdn Bhd for the construction of part of civil works for Section 10 (Changkat Cermin to Beruas Interchange) valued at RM70.78 million and for a duration of 30 months.
The project is to construct and complete the new alignment of roadworks for approximately 20km, which include earthworks, geotechnical and soil investigation works, bridges and retaining structures works, utilities and services works, as well as health, safety and environmental protection works.
Vivocom Intl Holdings Bhd (formerly Instacom Group Bhd) has bagged a RM100 million turnkey contract to build two 18-storey apartment blocks in Chepor Batu 10, Perak.
In a filing with Bursa Malaysia today, Vivocom said its subsidiary Vivocom Enterprise Sdn Bhd has received and accepted the letter of award from Green Ventures Development Sdn Bhd for the appointment, as a turnkey contractor for the construction of the project.
Pharmaniaga Bhd's second-quarter net profit dropped 7.5% to RM15 million or 5.79 sen per share, from RM16.22 million or 6.26 sen per share a year ago, due to higher amortisation of the Pharmacy Information System and increased finance costs.
The group declared a second interim dividend of five sen for the financial year ending Dec 31, 2016, payable on Sept 20.
Civil engineering and turnkey contractor Zelan Bhd’s wholly-owned unit Zelan Holdings (M) Sdn Bhd (ZHSB) is seeking AED452.75 million (RM495.57 million) in claims from Meena Holdings LLC for breach and defaults of contract for the Meena Plaza mixed use development project in Abu Dhabi, the United Arab Emirates.
Zelan said it has received a letter from the International Court of Arbitration, International Chamber of Commerce, which accepted ZHSB’s request for arbitration against Meena.
Three-A Resources Bhd's net profit jumped 30.6% to RM9.14 million or 2.32 sen per share for the second quarter ended June 30, 2016 (2QFY16), from RM7 million or 1.78 sen per share a year ago, on higher revenue and product margins, as well as foreign currency exchange gains for the current quarter under review.
Quarterly revenue grew 4.5% to RM96.89 million, from RM92.75 million in 2QFY15, on higher sales of the group's products.
For the cumulative six months (1HFY16), its net profit surged 50.6% to RM15.83 million or 4.02 sen per share, from RM10.51 million or 2.67 sen per share in 1HFY15; while revenue rose 22.2% to RM204.46 million, from RM167.34 million a year ago.
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