KUALA LUMPUR (Sept 26): Here is a brief recap of some corporate announcements that made the news on Thursday:

AirAsia Bhd, the short-haul airline business of Capital A Bhd (KL:CAPITALA), is planning to introduce mandatory carbon fees on air travel across all AirAsia operations starting January 2025, said its chief executive officer Tan Sri Tony Fernandes. The process of seeking approval from all the authorities is ongoing for the countries where it has operations, including Thailand, Indonesia, the Philippines and Cambodia. The carbon fee, which will be added to the airline's fares, is to contribute to the government's efforts to reduce greenhouse gas emissions from the aviation sector. — Fernandes: AirAsia to charge mandatory carbon fees from January 2025

Gamuda Bhd (KL:GAMUDA), whose share price has gained 74.5% year to date, proposed a one-for-one bonus issue, involving an issuance of up to RM2.98 billion bonus shares. Separately, it reported an 8.2% increase in net profit to RM272.49 million for the fourth quarter ended July 31, 2024 (4QFY2024) against RM251.75 million in the same quarter a year ago. Quarterly revenue expanded 38.7% to RM4.72 billion from RM3.4 billion previously. While it did not declare any dividend for the quarter under review, its FY2024 payout amounted to 16 sen per share.  For FY2024, its net earnings (continuing operations) rose 12% to a record-breaking RM912.13 million from RM814.73 million in FY2023, while revenue jumped 62.4% to RM13.35 billion against RM8.22 billion previously. — Gamuda plans one-for-one bonus issue, posts higher 4Q net profit  

Sapura Energy Bhd (KL:SAPNRG), which posted a net loss of RM5.23 million in its second quarter ended July 31, 2024 (2QFY2025), said that its ability to win new jobs is crippled by financial constraints, while expecting more foreign exchange (forex) losses. The Practice Note 17 company said its order book growth was constrained by limited access to working capital and bank guarantee facilities, “impacting its ability to secure two major contracts worth around RM4.5 billion”. It sustained an order book of RM5.9 billion, with its joint ventures holding an additional RM6.1 billion. For the second quarter ended July 31, 2024 (2QFY2025), it incurred a net loss of RM5.23 million versus a net profit of RM42.81 million a year ago, despite higher revenue generated in the quarter at RM1.21 billion from RM1.14 billion previously. For the first half of FY2025, its net profit fell almost two-thirds to RM76.9 million, from RM188.89 million a year before, while revenue expanded by 13.85% to RM2.38 billion, from RM2.09 billion. It did not recommend any dividend for 2QFY2025. It last paid a dividend of half a sen per share in 2019. — Financial constraint cripples ability to win new job, says Sapura Energy

AEON Credit Service (M) Bhd (KL:AEONCR) saw its net profit decline 40.8% to RM71.16 million for the second quarter ended Aug 31, 2024 (2QFY2025) from RM120.19 million a year ago, owing to higher impairment losses on financing receivables. Quarterly revenue expanded 14.8% to RM541.43 million from RM471.73 million. It declared an interim dividend of 14.25 sen per share for the quarter under review. For the first half ended Aug 31, 2024 (1HFY2025), AEON Credit’s net profit also slipped 19.1% to RM177.57 million against RM219.55 million in the same period a year ago, while revenue increased by 15.1% to RM1.06 billion from RM924.4 million previously. — AEON Credit’s 2Q earnings hit by higher impairment on receivables  

Hiap Teck Venture Bhd’s (KL:HIAPTEK) net profit for the financial year ended July 31, 2024 (FY2024) more than tripled to RM106.3 million from RM30.91 million a year ago, driven by stable steel prices, improved margins and sales volume. Annual revenue rose 6.2% to RM1.68 billion from RM1.59 billion. Quarterly net profit was up 11.5% to RM47.5 million against RM42.6 million in the same quarter a year ago, largely due to a substantial increase in the share of profit from a joint venture entity resulting from favourable foreign exchange translation effects and higher capacity. This was on the back of an 8.2% decline in revenue to RM416.6 million from RM453.8 million previously, mainly due to lower average selling prices. — Hiap Teck wraps up FY2024 with threefold jump in net profit to RM106.3m

HCK Capital Group Bhd (KL:HCK) is issuing new shares to settle the bulk of an outstanding RM113.35 million debt that its subsidiary owes its executive chairman Tan Sri Clement Hii Chii Kok @ Hii Chee Kok. It, together with indirect unit Global Activate Sdn Bhd, entered into an agreement with Hii to issue 47.26 million new shares at RM2.1161 apiece as a settlement for RM100 million of the debt owed. On completion of the share issuance, Hii's shareholding in HCK will increase to 59.75% from 56.28% as at Sept 4, 2024. GASB's debt to Hii will then be trimmed to RM13.35 million. — HCK to settle bulk of RM113m debt owed to major shareholder Clement Hii by issuing new shares  

MSR Green Energy Sdn Bhd (MSR-GE), an associate company of Seal Incorporated Bhd (KL:SEAL), has roped in Sungrow, a China-based solar photovoltaic inverter and energy storage system provider, to develop a RM645 million battery energy storage system (BESS) project in Sabah. The initiative involves the engineering, procurement and construction of a BESS with a capacity of 100 megawatts and an energy storage capacity of 400 megawatt-hours in Lahad Datu, Sabah. — Seal Inc associate unit secures RM645m contract from Sabah Electricity

Censof Holdings Bhd (KL:CENSOF) has secured a RM5.44 million contract from Pertubuhan Keselamatan Sosial (Perkeso) to provide maintenance services for an accounting system. The contract involves maintaining the Standard Accounting System for Government Agencies (SAGA) — Century Financials version 8.4 — and migrating the SAGA server to Perkeso's infrastructure. — Censof bags RM5.44m Perkeso contract for accounting system maintenance

Animal health and nutrition products manufacturer Yenher Holdings Bhd (KL:YENHER) is purchasing a fish mill and pet food and silos (machinery) — for US$4.42 million (RM18.56 million), cash. The acquisition is aimed at supporting Yenher’s venture into the downstream feedmill business while expanding its product offerings. The equipment will be supplied by Famsun Co Ltd, a Chinese firm that is involved in the manufacturing of special equipment for feed, agricultural and sideline foods. — Yenher acquiring RM18.6m feedmill equipment to boost animal feed production

Citaglobal Bhd (KL:CITAGLB) has secured a RM47.56 million road construction project in Terengganu. The contract for Package 8 of the Jalan Raya Simpang Pulai–Gua Musang–Kuala Berang project covers the stretch from Kampung Jeneris to Kuala Telemong (Phases 2 & 3) in Hulu Terengganu. — Citaglobal secures RM47.6 mil road construction project in Terengganu

Trading in the shares of Lambo Group Bhd (KL:LAMBO) will be suspended from Oct 4, following Bursa Malaysia’s rejection of the company’s application for a further extension of time to submit its regularisation plan. The counter will be delisted on Oct 8, unless an appeal is submitted to the regulator by Oct 3, the information technology service provider said in a filing. — Lambo risks being delisted after Bursa dismisses extension appeal to submit regularisation plan