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Bursa highlights on Feb 22
Alliance Financial Group Bhd’s (AFG) net profit rose 7.3% to RM135.59mil, or 8.9 sen earnings per share (EPS) in the third quarter ended Dec 31, 2015 from 126.37mil, or 8.30 sen EPS a year ago. In the first nine months, AFG posted a net profit of RM392.19mil, down 10.35% from RM437.51mil previously. Read more
Genting Plantations Bhd’s earnings plunged by half to RM189.75mil for the financial year ended Dec 31, 2015, with significant profit contractions for both the plantation and property segments. Revenue fell 16.3% to RM1.37bil, mainly attributable to the lower fresh fruit bunches output and weaker CPO and palm kernel selling prices coupled with a decline in land sales. Read more
Malaysia’s largest Mercedes-Benz motor vehicle dealer Cycle & Carriage Bintang Bhd saw its net profit leap by five times to RM52.12mil for the financial year to Dec 31, 2015, Mercedes-Benz unit sales were up 55%, supported by sales of hybrid models. 2015 also marked the return to recognising the annual dividend from the group’s investment in Mercedes-Benz Malaysia, a joint venture with Daimler AG. Read more
Malaysian Resources Corp Bhd more than doubled (+116.5%) its earnings to RM330.39mil for the financial year ended Dec 31, 2015. The strong revenue growth and higher profit before taxation was attributable to the completion of the Q Sentral development, the sale of Platinum Sentral and investments and also other on-going development projects including the Sentral Residences and 9 Seputeh. Read more
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