KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Tenaga Nasional Bhd
has signed the MY07 Electricity Supply Agreement with hyperscale data centre solutions platform and Bain Capital-backed Bridge Data Centres, according to w.media's report on Friday.
Pharmaniaga Bhd announced that Bursa Malaysia has approved the group’s regularisation plan, marking a significant milestone in Pharmaniaga’s journey towards financial recovery and long-term business sustainability.
Hextar Industries Bhd has signed an agreement to bring in Chinese coffee house chain Luckin Coffee to Malaysian shores.
LBS Bina Group Bhd said that it is unlikely for the group to meet its internal sales target of RM1.8bn this year, due to deferred launches caused by a lengthy approval process.
Sapura Energy Bhd’s chairman Datuk Mohammad Azlan Abdullah and chief executive officer Datuk Mohd Anuar Taib will step down their positions on Jan 31, 2025 and Dec 31, 2024, respectively.
Public Bank Bhd posted a 12% increase in net profit to RM1.9bn for the 3QFY2024 from RM1.7bn a year ago, thanks to operating income growth.
Kenanga Investment Bank Bhd’s 3QFY24 net profit tumbled 38.1% to RM14.6mn from RM23.6mn in the year-ago quarter.
RHB Bank Bhd’s net profit grew 28% to RM833.2mn for the 3QFY2024, from RM650mn a year earlier, as the banking group booked sharp currency gains of RM659.9mn
Padini Holdings Bhd’s net profit for the 1QFY2025 fell to RM11.5mn from RM26.7mn a year earlier, on currency loss, higher staff costs and depreciation.
Syarikat Takaful Malaysia Keluarga Bhd has posted a higher net profit of RM100.7mn in the 3QFY2024 compared to RM91.1mn in the same period last year.
QL Resources Bhd's net profit rose 4.6% to RM128.3mn in the 2QFY2025 from RM122.6mn a year earlier, on the back of improved revenue contributions from all its business segments.
Mah Sing Group Bhd posted a 20% YoY rise in net profit to RM60.1mn, despite revenue declining to RM639.3mn as compared to RM644.3mn in 3Q23.
Press Metal Aluminium Holdings Bhd’s net profit jumped 31.4% YoY to RM402.3mn in the 3QFY24 on higher profit contribution from its associated companies.
AirAsia X Bhd’s net profit jumped 22 times to RM121.6mn in 3QFY24, from RM5.6mn, as currency gains and higher revenue offset a jump in operating expenses.
Velesto Energy Bhd made a net profit of RM42.9mn for 3QFY2024, over a 30-fold jump from RM1.2mn in 3QFY2023 due to higher utilisation and average daily charter rates.
