KUALA LUMPUR (May 28): Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday:

Malayan Banking Bhd (KL:MAYBANK) reported a 4% decline in earnings in the first quarter as sharply lower non-interest income from tough markets offset higher interest income. Net profit at Malaysia’s biggest bank by assets was RM2.48 billion for the three months ended March 31, 2026 compared to RM2.59 billion over the same period a year earlier. Net interest income grew 3.2% while other operating income, including fees and trading gains, fell 47%. No interim dividend was declared. — Maybank starts 2026 a tad softer as sharply lower markets gain drags

Matrix Concepts Holdings Bhd (KL:MATRIX) posted its highest-ever annual revenue in the financial year ended March 31, 2026 (FY2026), supported by stronger property development contributions and new project launches, although quarterly earnings softened on margin pressure. Net profit for FY2026 rose 2.5% to RM219.33 million from RM214.03 million a year earlier, while revenue climbed 18.15% to RM1.36 billion — marking the group’s highest annual top line to date. The group declared a fourth interim dividend of 1.25 sen per share, payable on July 9. This brings its full-year dividend payout to 6.1 sen apiece. — Matrix Concepts posts record FY2026 revenue, appoints Kelvin Lee as group managing director

UOA Group co-founder and UOA Development Bhd (KL:UOADEV) executive director and managing director Kong Chong Soon @ Chi Suim, better known as CS Kong, has passed away at the age of 85. UOA Development chairman Kong Pak Lim will assume the role and responsibilities of MD until a new one is formally appointed within three months. Further announcements regarding board arrangements will be made in due course. — UOA Group co-founder CS Kong passes away

AMMB Holdings Bhd (KL:AMBANK) raised its dividend payout as earnings hit a new record high in the recently-ended financial year, driven by both interest and non-interest income. Net profit at Malaysia’s sixth-largest banking group by asset was RM2.1 billion for the 12 months ended March 31, 2026 (FY2026), compared to RM2.0 billion a year earlier. Net interest income rose 4.5%, backed by higher margin, while non-interest income grew 5.1% mainly from trading gains. AMMB declared a final dividend per share of 22.5 sen, bringing total dividend for FY2026 to 35.0 sen per share, representing a higher payout ratio of 55% of its net profit versus 50% in FY2025. — AMMB raises dividend payout amid record FY2026 earnings

Insas Bhd (KL:INSAS) said its wholly-owned units Insas Plaza Sdn Bhd and Insas Technology Bhd have sold 100 million shares in Inari Amertron Bhd (KL:INARI) for RM186 million, trimming the investment group’s stake in the outsourced semiconductor assembly and test provider to 9.67%. The shares were disposed of at RM1.86 apiece through direct business transactions arranged by Insas’ brokerage unit M&A Securities Sdn Bhd, according to a Bursa Malaysia filing. The sale price represented a 1.59% discount to Inari Amertron’s last closing price of RM1.89 on May 18 and a 0.77% discount to its volume-weighted average price of RM1.8745. — Insas trims Inari Amertron holding in RM186m share sale

Hengyuan Refining Company Bhd (KL:HENGYUAN) saw its strongest quarter in four years in the January-March period this year, driven by higher average selling prices across key refined products amid geopolitical tensions in the Middle East, supported by stable plant operations and disciplined financial risk management. Net profit for the first quarter ended March 31, 2026 (1QFY2026) surged to RM525.55 million — its third straight profitable quarter — reversing a net loss of RM170.45 million incurred a year earlier. Revenue jumped 92.5% to RM4.62 billion from RM2.40 billion in 1QFY2025, underpinned by higher sales volumes. No dividend was declared with the results. — Hengyuan swings to RM525 mil profit in 1Q on stronger refining margins

Real estate developer Mulpha International Bhd (KL:MULPHA) swung back to profit in the first quarter, lifted by stronger property settlements in Australia and improved contributions from its hotel operations. For the three months ended March 31, 2026 (1QFY2026), Mulpha posted a net profit of RM9.41 million versus a net loss of RM4.08 million in the previous year. Revenue was also up by 37% to RM289.57 million, compared to RM211.33 million in the previous year’s corresponding quarter. No dividend was declared for the quarter under review. — Mulpha returns to the black in 1Q on higher Australian property sales

Malayan Cement Bhd’s (KL:MCEMENT) net profit rose 34.93% year-on-year in the third quarter, driven by stronger demand for its ready-mixed concrete and dry mix products. YTL Cement Bhd owns a controlling 59.254% interest in the company. Net profit came in at RM246.7 million in the third quarter ended March 31, 2026, up from RM182.84 million a year ago. No dividend was declared for the quarter under review — Malayan Cement's 3Q net profit rises 35% on stronger ready-mixed concrete demand

IJM Corp Bhd (KL:IJM) concluded its fiscal year 2026 with a quarterly net loss — its first quarter in the red since 2008 — weighed down by unrealised foreign exchange (forex) losses and a hefty impairment on unsold inventories that completely offset the group's higher revenue. IJM recorded a net loss of RM173.89 million for the fourth quarter ended March 31, 2026, as opposed to a net profit of RM128.95 million in the corresponding quarter a year ago. Revenue grew 4.2% to RM1.87 billion from RM1.79 billion. Despite the quarterly loss, the group declared a total six sen dividend — comprising a five-sen interim payout and a one sen special dividend — to be paid on July 24. — Whopping RM172 mil worth of impairment and provision drag IJM into the red

Press Metal Aluminium Holdings Bhd’s (KL:PMETAL) record-breaking strike continued in the first quarter ended March 31, 2026. The aluminium smelter, whose share price has rocketed 79% year to date, announced that its net profit jumped by 35.2% to RM624.5 million versus RM461.77 million a year ago. This is the third consecutive quarter of record profit. The group declared a first interim dividend of 2.5 sen per share, payable on June 30. — Press Metal net profit soars 35% to fresh record of RM624.5 mil in 1Q

Pharmaniaga Bhd (KL:PHARMA) confirmed that it has secured a three-year contract worth RM281.7 million to supply human insulin to government hospitals. The Edge, citing sources, reported on April 1 that the pharmaceutical group had been awarded the contract, with the group expected to manufacture the product in-house at its Puchong facility, making it the first local company to produce human insulin in the country. — Pharmaniaga wins RM282 mil contract to supply insulin products to public healthcare institutions

MBSB Bhd’s (KL:MBSB) net profit fell 64% in the first quarter from a year earlier as a jump in provisions and a decline in interest income offset non-interest income gain. Net profit at the financial services firm was RM30.14 million for the three months ended March 31, 2026 versus RM84.7 million in the same quarter last year. Expected credit losses — provisions to cover bad debts or financing turning sour — totalled RM73.58 million during the quarter. No interim dividend was declared. — MBSB 1Q net profit drops 64% as income slips, provisions jump

YTL Corporation Bhd’s (KL:YTL) net profit fell 24.6% to RM325.99 million in the third quarter from RM432.63 million a year earlier — marking its lowest quarterly profit in three years — despite higher revenue posted for the quarter.  Revenue, however, rose 3.4% year-on-year to RM7.57 billion for the quarter ended March 31, 2026 from RM7.3 billion a year earlier, lifted mainly by the cement and building materials industry segment, a bourse filing showed. No dividend was declared for the quarter under review. — YTL's 3Q net profit falls 25% to three-year low despite higher revenue

Berjaya Corporation Bhd's (KL:BJCORP) net loss widened sharply to RM176.24 million in its third financial quarter from RM92.34 million a year earlier, dragged by weaker performance in both its services and non-food retail business segments. Revenue for the third quarter ended March 31, 2026 dropped 13.9% year-on-year to RM2.19 billion from RM2.54 billion. No dividend was declared for the quarter under review. — Berjaya Corp’s 3Q loss widens to RM176m amid weak performance in non-food retail, services segments

IOI Properties Group Bhd (KL:IOIPG) posted a more than threefold jump in its third-quarter net profit, driven by the consolidation of its Singapore assets and a RM130 million land sale in Melaka, as well as broad operational improvements across all its business segments. Net profit for the quarter ended March 31, 2026 (3QFY2026) surged to RM258.11 million from RM76.13 million in 3QFY2025, while revenue rose 38.7% to RM1.05 billion from RM755.16 million. No dividend was declared with the results announcement. — IOI Properties 3Q profit soars on stronger Singapore contributions, land sale gains

Supermax Corporation Bhd’s (KL:SUPERMX) associate company Supermax Brasil Importadora S/A (Supermax Brasil) will establish a medical glove manufacturing facility in the State of Paraná, Brazil, with a total investment commitment of about 250 million Brazilian real (US$50 million or RM195 million). It said the strategic investment represents a significant milestone in the group’s long-term international expansion strategy and reinforces Supermax’s commitment to strengthening its presence within the Latin American healthcare and industrial markets. — Supermax's associate company to establish US$50 mil medical glove facility in Brazil