THE federal government’s decision in principle to fund the development of the Bayan Lepas Light Rail Transit (LRT) project is pleasant news for Penangites awaiting public rail transport to ease traffic congestion.

In view of that, the state government has indicated its intention to scal...

Is the scale of Penang South Islands contingent on whether the federal government funds the LRT?

The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) on Saturday (June 3) said it welcomed Prime Minister Datuk Seri Anwar Ibrahim’s call for a review of the affordable housing policy, but reiterated that social housing programmes should be the responsibility of the government.

ACCCIM welcomes PM’s call to review affordable housing policy, says social housing is govt’s responsibility

Private tertiary education provider SEG International Bhd reported that its net profits for the first quarter ended March 31, 2023 (1QFY2023) fell 46.9% to RM4.6 million, as new enrolments are only expected to gradually pick up this year.

As a result, its earnings per share fell to 0.38 sen from 0.71 sen in the first quarter ended March 31, 2022 (1QFY2022).

SEG International’s net profit almost halves in 1QFY2023

Diversified group Kumpulan FIMA Bhd saw its net profit for the financial year ended March 31, 2023 decline 38.4% year-on-year to RM63.22 million, dragged by its performance in the final quarter of the year.

Kumpulan FIMA’s 4QFY2023 net profit plunged 82%, FY2023 earnings fell 38%

Suria Capital Holdings Bhd saw its net profit for the quarter ended March 31, 2023 (1QFY2023) decline 23.5% year-on-year to RM10.63 million, due to lower interest income and high finance costs.

The Sabah ports operator said in a Bursa Malaysia filing that its profit before tax (PBT) during the quarter fell 19% from the corresponding quarter to RM14.05 million, despite revenue increasing by 4% y-o-y to RM59.3 million.

Suria Capital’s 1QFY2023 net profit falls 23.5% due to lower interest income and high finance costs

While the Malaysian economy registered a stronger-than-expected growth in the first quarter, the country is not immune to the challenges on the global stage that would affect demand for its exports.

Restructuring of Malaysia's economy being expedited to reduce country's exposure to global economic volatility — Rafizi

Cash-rich MPHB Capital Bhd recorded a turnaround in the first quarter ended March 31, 2023, with a net profit of RM8.73 million compared to a net loss of RM314,000 in the corresponding quarter due to fair value gain from its financial assets.

At the same time, the continuing operations of MPHB recorded higher revenue of RM9.52 million compared with RM8.87 million in the corresponding quarter due to improved revenue in its hospitality business.

Fair value gain from financial assets turns MPHB Capital around in 1QFY2023

Total logistics provider CJ Century Logistics Holdings Bhd saw its net profit for the quarter ended March 31, 2023 (1QFY2023) more than halved from the corresponding quarter’s earnings to RM3.75 million, mainly due to freight rates normalisation and less business volume.

Earnings per share (EPS) fell to 0.64 sen during the quarter compared with 1.6 sen per share in the quarter ended March 31, 2022 (1QFY2022).

CJ Century’s 1Q2023 net profit more than halved as freight rates normalized

KUALA LUMPUR (May 18): Redtone Digital Bhd saw its net profit jump 35% year-on-year (y-o-y) in the third quarter ended March 31, 2023 (3QFY2023) to RM13.69 million from RM10.12 million in the corresponding quarter (3QFY2022), due to fair value gain on investments, as well as the presence of investment related expenses in the corresponding quarter.

Redtone’s 3QFY2023 net profit jumps 35%, but remaining quarter will be challenging

Khind Holdings Bhd saw its net profit for the first quarter ended March 31, 2023 (1QFY2023) plunge 80.6% to RM438,000 from RM2.26 million in the corresponding quarter, due to increased distribution and operating expenses amidst challenging market conditions.

Khind’s 1QFY2023 net profit plunges by 80.6%

Kamarul Azhar

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Kamarul Azhar

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