<div class=newsTextDataWrapInner>SINGAPORE (May 8): Cleanroom and healthcare gloves manufacturer Riverstone Holdings posted a 7.6% decline in earning to RM31.1 million (S$10.5 million) for the 1Q ended March, from RM33.6 million a year ago.</div>

<div class=newsTextDataWrapInner>1Q18 revenue climbed 2.0% to RM209.8 million, from RM205.7 million a year ago.</div>

<div class=newsTextDataWrapInner>However, gross profit fell 9.5% to RM46.9 million in 1Q18, as gross profit margin shrank by 2.9 percentage points to 22.3%... <a href="https://www.theedgesingapore.com/riverstone-sees-76-drop-1q-earnings-105-mil-lower-margins" target="_blank">(Click here to read the full story)</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

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SINGAPORE (May 8): Cleanroom and healthcare gloves manufacturer Riverstone Holdings posted a 7.6% decline in earning to RM31.1 million (S$10.5 million) for the 1Q ended March, from RM33.6 million a year ago.

1Q18 revenue climbed 2.0% to RM209.8 million, from RM205.7 million a year ago.<...

Riverstone sees 7.6% drop in 1Q earnings to RM31.1m on lower margins

EG Industries Bhd (KL:EG) on Friday posted an over threefold jump in its July-September quarter net profit from the same period a year ago, driven by higher sales and better margins — particularly from 5G wireless access and photonic-related products.

EG Industries upbeat on prospects as it kicks off FY2025 with record profit 

Syarikat Air Darul Aman Sdn Bhd (SADA) has temporarily ceased operations at seven of its water treatment plants (WTPs) after the water levels at their intake points reached a critical stage.

Seven water treatment plants in Kedah forced to cease operations

Quality Care India Ltd, the Indian hospital chain backed by Blackstone Inc, agreed to combine with Aster DM Healthcare Ltd in an all-stock deal that will create one of India’s largest hospital chains.

Blackstone deepens India push with US$5 bil hospital deal

(Nov 29): European and American carmakers are set to lose up to 17% of their combined annual core profits if the U.S. imposes import tariffs on Europe, Mexico and Canada, S&P Global said in a report on Friday, warning of potential credit downgrades.

Premium automakers Volvo and Jagu...

Trump's tariffs could cost carmakers up to 17% of combined core profits, S&P says

The Canadian economy eked out a small gain last month after a weaker-than-forecast third quarter (3Q), keeping the Bank of Canada on track to keep cutting rates.

Preliminary data suggest gross domestic product (GDP) rose 0.1% in October, Statistics Canada said on Friday.

Weak 3Q growth to keep Bank of Canada cutting rates

A nationwide strike in Italy on Friday disrupted air traffic, public transport, schools and hospitals, in a protest by two of the country's largest unions against Prime Minister Giorgia Meloni's government budget plans.

Italy's unions vow to turn country 'upside down' after national strike

Selangor Agricultural Development Corporation’s (PKPS) Ehsan Rose Onion Crop project has managed to produce 28 tonnes of the small red onion in the first phase of its harvest involving 3.2 hectares (ha) of land.

First phase of PKPS Ehsan Rose Onion project yields 28 tonnes

World Trade Organization chief Ngozi Okonjo-Iweala was reappointed for a second term at a special meeting on Friday, the trade watchdog said, meaning her tenure will coincide with US President-elect Donald Trump's second administration.

WTO chief Okonjo-Iweala reinstated for second term as trade wars loom 

US trade officials are expected to announce on Friday a new round of tariffs on solar panel imports from four Southeast Asian nations after American manufacturers complained that companies there are flooding the market with unfairly cheap goods.

US to decide on another round of solar panel tariffs

Bursa Malaysia has approved Practice Note 17 (PN17) company Pharmaniaga Bhd’s (KL:PHARMA) regularisation plan, which was revised to adjust its capital reduction and exclude warrants from its rights issue, exactly a year after the initial iteration was announced.

A year on, Pharmaniaga finally gets Bursa nod on regularisation plan

Hextar Industries Bhd (KL:HEXIND) said on Friday it has signed an agreement to bring in Chinese coffee house chain Luckin Coffee to Malaysian shores.

Hextar Industries gets exclusive rights to bring in Luckin Coffee chain

The sentence against Muar Member of Parliament Syed Saddiq Syed Abdul Rahman in his criminal case was not excessive, partly because as a lawmaker and an "idol" for youngsters, he should be held to a "higher standard", said the judge who convicted the young MP for misappropriation of party funds.

High Court: Sentence in Syed Saddiq's criminal case, which includes two strokes of the cane, not excessive

Public Bank Bhd (KL:PBBANK), Malaysia’s third-largest bank by assets, said on Friday that its net profit rose 12% in the third quarter from a year earlier, thanks to operating income growth.

Public Bank’s 3Q net profit rises 12% as both interest, non-interest income grow

CelcomDigi Bhd (KL:CDB) on Friday named Dennis Chia as chief financial officer effective Jan 2, 2025 at the country’s largest mobile network operator by subscribers.

CelcomDigi names ex-StarHub CFO Dennis Chia as new finance chief

Sapura Energy Bhd (KL:SAPNRG) announced on Friday the impending departure of its chairman Datuk Mohammad Azlan Abdullah and chief executive officer Datuk Mohd Anuar Taib.

Sapura Energy announces departure of chairman and CEO

RHB Bank Bhd (KL:RHBBANK), the country’s fourth-largest lender by assets, announced that its third-quarter net profit grew 28% from a year earlier as the banking group booked sharp currency gains of RM659.86 million.

RHB Bank's 3Q earnings grow 28% 

A port, a theme park and maybe even a Formula 1 race — those are just some of the things that one of Indonesia’s richest men believes can be hosted at his ambitious real estate project in North Jakarta.

Indonesian tycoon eyes theme park, F1 in US$16b project

Shares of Tenaga Nasional Bhd (KL:TENAGA) fell on Friday to their lowest in nearly four months, after the national electric utility reported weaker-than-expected third-quarter earnings.

TNB falls to near four-month low on weaker-than-expected 3Q

Low-cost, medium-haul airline AirAsia X Bhd (KL:AAX) reported a surge in net profit for the third quarter, as currency gains and higher revenue offset a jump in operating expenses.

Net profit for the quarter ended Sept 30, 2024 (3QFY2024) was RM121.64 million, a 22-time jump when compared to the same quarter last year, AirAsia X said in an exchange filing. The company booked RM125.29 million from both realised and unrealised net foreign exchange gains.

AirAsia X reports 22-fold jump in net profit on currency gains

Casual wear giant&nbsp;Uniqlo&nbsp;is facing a storm of online criticism in China, after a BBC report quoted the chief executive officer of its owner as saying the company does not source cotton from the far western region of Xinjiang.

Uniqlo criticised in China after BBC report of CEO's Xinjiang comments

Velesto Energy Bhd (KL:VELESTO) on Friday said its subsidiary Velesto Drilling Sdn Bhd (VED) has received a notice of suspension for the jack-up rig Naga 8 contract from Carigali Hess Operating Company Sdn Bhd.

Carigali Hess suspends Velesto's Naga 8 jack-up rig contract as drilling work completed early

TSMC's founder Morris Chang asked Nvidia's Jensen Huang to consider becoming the chief executive of the Taiwanese chip giant more than a decade ago, but was turned down in just 10 minutes, Chang says in a new volume of autobiography.

TSMC founder Morris Chang offered top job to Jensen Huang, memoir shows

(Nov 29):&nbsp;A return to profitability in e-commerce for Sea Ltd&nbsp;has analysts turning even more bullish on its stock, after a rally that has added US$43 billion (RM190.9 billion) to its market value so far this year.

Sea’s profit draws bullish analyst calls after US$43b rally

Velesto Energy Bhd's (KL:VELESTO) shares fell to their lowest in close to two years on Friday, despite reporting a more than 30-fold jump in its third quarter (3Q) net profit, as it flagged a challenging outlook amid slower demand after announcing that a client had suspended the contract of its Naga 8 jack-up rig.

Velesto's share price skids despite 3Q profit jump as it flags slowing demand for jack-up rigs

IGB Bhd (KL:IGBB) has declared a dividend payout of 12 sen per share for FY2024 — comprising an interim dividend of seven sen and a special dividend of five sen — as its latest third quarter net profit jumped 27% from the corresponding quarter last year, driven by higher contributions from its retail, commercial and hotel segments.

IGB pays 12 sen dividend for FY2024, including a five-sen special, as 3Q profit jumps 27%

KUALA LUMPUR (Nov 29): CIMB Group Holdings Bhd (KL:CIMB) is expected to achieve its return on equity (ROE) target for 2024, after its 3QFY2024 results exceeded expectations, analysts said on Friday.

CIMB on track to meet ROE target after 3Q results beat estimates

KUALA LUMPUR (Nov 29): OSK Holdings Bhd’s (KL:OSK) net profit for the third quarter increased 11.55%, boosted by a higher share of results of associates and a joint venture, particularly from RHB Bank Bhd (KL:RHBBANK).

Higher share of RHB earnings boosts OSK’s 3Q net profit

Muar Member of Parliament&nbsp;Syed Saddiq Syed Abdul Rahman said on Friday that he will immediately file an appeal against the conviction and sentence handed down to him by the High Court&nbsp;in his criminal breach of trust (CBT) and money-laundering case, after finally receiving the full written judgement.

Syed Saddiq to immediately file graft appeal after finally receiving written judgement

Steel Hawk Bhd (KL:HAWK), an oil and gas services provider listed on the ACE Market on Sept 5, has secured five packages to provide construction and modification works for Petroliam Nasional Bhd (Petronas) and 27 of the national oil company’s downstream operating plant units.

ACE Market-listed Steel Hawk bags five construction and modification jobs from Petronas

Malaysia’s gross loan growth accelerated in October, thanks to higher growth in business loans and corporate bonds, the central bank said on Friday.

Credit to the private non-financial sector grew by 5.1% year-on-year in October compared with the 4.8% reported in the previous month, Bank Negara Malaysia (BNM) said in its monthly highlights report for October 2024.