KUALA LUMPUR (May 18): Here is a brief recap of some business news and corporate announcements that made the headlines on Monday.

Affin Bank Bhd (KL:AFFIN) reported that its net profit grew 9% in the first quarter ended March 31, 2026 (1QFY2026) to RM135.5 million from RM124.09 million in the year-ago period, driven by a surge in non-interest income and higher interest income. No dividend was declared for the quarter. — Affin Bank reports 1Q net profit up 9%, watching out for potential write-downs

AEON Co (M) Bhd’s (KL:AEON) net profit for 1QFY2026 surged 23% to RM83.7 million from RM68.1 million in the year-ago period, the highest in more than 13 years while revenue was flat at RM1.24 billion. No dividend was declared for the quarter. — Cost control takes AEON Co's 1Q net profit over 13-year high

Cuckoo International (MAL) Bhd’s (KL:CKI) 1QFY2026 net profit fell to RM25.03 million compared with RM27.86 million (1QFY2025). Revenue also dropped 23.1% to RM227.83 million from RM296.28 million a year earlier, due to slower consumer repayments to households prioritising other spending habits around the Chinese New Year and Hari Raya festive periods. No dividend was declared for the quarter. — Cuckoo Malaysia’s 1Q earnings fall 10% on lower sales, weaker demand

Sunway Construction Group Bhd (KL:SUNCON) kicked off the financial year ending Dec 31, 2026 (FY2026) on a strong footing, with higher contributions across all operating segments driving a sharp increase in first-quarter earnings, while the group rewarded shareholders with total dividends of 22.8 sen per share. The builder reported a 56.4% year-on-year jump in net profit for 1QFY2026 to RM118.41 million from RM75.72 million. Revenue for 1QFY2026 declined 27% to RM1.02 billion from RM1.4 billion a year earlier. — Sunway Construction starts FY2026 on strong footing, declares total dividend of 22.8 sen

Pharmaniaga Bhd (KL:PHARMA) reported a 6.4% increase in 1QFY2026 net profit to RM31.5 million from RM30.25 million a year ago, driven by stronger demand for in-house manufactured products from government hospitals. The group saw 11.3% higher revenue of RM1.18 billion for 1QFY2026 compared with RM1.06 billion a year ago on higher volume orders from government hospitals. The company reported an interim dividend of 0.25 sen a share for the quarter. — Pharmaniaga’s 1Q net profit up 6% on stronger demand for in-house manufactured products

Sports Toto Bhd (KL:SPTOTO) reported a 44.1% decline in 3QFY2026 net profit to RM59.1 million from RM105.7 million last year. Revenue for 3QFY2026 dropped 20.6% to RM1.52 billion from RM1.91 billion a year ago. The group declared a third interim dividend of three sen per share, payable on July 17. — Sports Toto's 3Q net profit down 44%, declares three sen dividend

99 Speed Mart Retail Holdings Bhd’s (KL:99SMART) net profit for 1QFY2026 rose 30.1% year-on-year to a record high of RM188.56 million, driven by higher sales coupled with a more favourable non-essential product mix. The group declared a first interim dividend of 2.25 sen per share, amounting to RM189 million, payable on June 16. — 99 Speed Mart expects continued resilience after store expansion fuels record 1Q earnings

Tan Sri Syed Mokhtar Albukhary has acquired a substantial stake in Eco World Development Group Bhd (KL:ECOWLD) and its sister company, expanding the tycoon’s portfolio of developers. The sale also resulted in Syed Mokhtar controlling a 33.28% stake in EWI Capital Bhd (KL:EWICAP). The transaction details were not disclosed. Based on May 15’s closing price, the stakes in EcoWorld and EWI Capital would have been worth over RM2 billion combined. — Syed Mokhtar surfaces as shareholder in EcoWorld, EWI Capital with over 30% stakes

Southern Score Builders Bhd (KL:SSB8) said a 51%-owned unit has secured a subcontract worth RM47.52 million for infrastructure work on a data centre project. SJEE Engineering Sdn Bhd accepted the letter of award from an undisclosed local construction company for the supply, installation, testing and commissioning of electrical, extra low voltage, telecommunication and security works. The job commenced on May 7 and is expected to be completed by March 11, 2027. — Southern Score unit bags RM47.52 mil data centre subcontract

Pos Malaysia Bhd (KL:POS) posted a net loss of RM19.5 million for 1QFY2026,compared with RM41.5 million the year before. This was on 7.3% higher revenue of RM501.4 million from growth across the board. No dividend was declared for the quarter. — Pos Malaysia narrows losses to four-year low in 1QFY2026

Capital A Bhd (KL:CAPITALA) posted a net profit of RM22.45 million for the first quarter, marking its sixth consecutive quarter in the black. While the latest quarterly net profit is down 96.7% from the RM689.57 million it reported in the previous year’s corresponding quarter — the 1QFY2025 results had still included full operational contributions from the airline assets before they were carved out — the group's restructured continuing operations staged a clear turnaround. The board did not propose any dividend for the quarter under review. — Capital A posts 1Q net profit of RM22.45 mil as non-aviation revenue surges 85%

Malakoff Corporation Bhd (KL:MALAKOFF) has secured operational extensions for two of its gas-fired power plants in Lumut, Perak, that have a combined capacity of 1,732MW. The independent power producer announced that its subsidiaries — GB3 Sdn Bhd and Segari Energy Ventures Sdn Bhd — have executed new power purchase agreements (PPA) with Tenaga Nasional Bhd (KL:TENAGA). — Malakoff units secure PPA extensions for Lumut power plants