KUALA LUMPUR (June 15): Here is a brief recap of some business news and corporate announcements that made the headline on Monday:

Astro Malaysia Holdings Bhd (KL:ASTRO) flagged another tough year as the pay-television operator ramps up efforts to stem subscriber losses after a bruising quarter. For 1QFY2027, Astro's net profit plunged 88% to RM1.56 million from a year earlier. Without a tax credit of RM4.5 million, the company would have been in the red during the quarter. Revenue, meanwhile, was down 6.2% year-on-year to RM659.62 million mainly due to lower subscription income. — Astro flags another tough year after tiny profits in 1Q

Poh Kong Holdings Bhd (KL:POHKONG) delivered its strongest quarterly performance since its listing in 2004, with both revenue and profit hitting record highs, underpinned by elevated gold prices and resilient demand. The jewellery retailer posted a 47.1% increase in net profit to RM70.02 million for 3QFY2026 from RM47.6 million a year earlier. Revenue rose 9.7% to RM585.57 million from RM533.93 million. — Poh Kong posts record 3Q earnings as gold prices lift margins and sales

Vantris Energy Bhd (KL:VANTNRG), formerly known as Sapura Energy Bhd, remained in the black for a second consecutive quarter ahead of its application for upliftment from PN17 status. The group posted a net profit of RM145.79 million for 1QFY2027, compared to a net loss of RM477.96 million a year earlier. The turnaround comes despite a decline in revenue, which fell nearly 20% to RM645.21 million from RM801.37 million a year earlier. — Vantris Energy stays in black in 1Q as revenue falls

PETRONAS Chemicals Group Bhd (KL:PCHEM) was hit with suspension of IDSS after its share price retreated to a three-month low as investors booked profits following news of the US-Iran peace deal. Meanwhile the local bourse fixed the lower limit price of Paragon Union Bhd (KL:PARAGON) at RM2.29 after the stock hit its static limit-down for two consecutive trading days. Tanco Holdings Bhd (KL:TANCO) also resumed its decline, barrelling towards its lowest in 29 months as a brief respite from a floor price set by the exchange lapsed. — PETRONAS Chemicals loses nearly RM7b in market cap as shares retreat to March lows, Bursa fixes Paragon Union lower limit price at RM2.29 after two-day limit-down streak, Tanco drops to day’s low of 12 sen as exchange-set floor lapses

Describing the scale of the decline in its share price since June 8 as odd, Tanco also assured shareholders that its business operations, property development and contractual obligations remain unaffected. The group reiterated that it was unaware of any undisclosed corporate developments that would explain the trading pattern over the past weeks. — Tanco says scale of share price fall 'appears odd' but business as usual

IJM Land Bhd, a subsidiary of IJM Corp Bhd (KL:IJM), is in a collaboration with MRT Corp Sdn Bhd to jointly develop a transit-oriented development named The Linque adjacent to the MRT Cochrane station in Cheras, Kuala Lumpur. With an estimated gross development value of RM600 million, the serviced apartment will offer 586 residential units and a retail component. Details on the unit sizes and prices will be announced later. The development order for the project was submitted on June 10. — IJM Land, MRT Corp to jointly develop RM600 mil TOD project in Cheras

Kerjaya Prospek Group Bhd (KL:KERJAYA) has secured a RM529.32 million contract from BRDB Developments Sdn Bhd for a high-end residential development in Bukit Tunku. The construction will commence on June 15 with a 33-month completion period. The group now has a total outstanding order book of RM4.5 billion. — Kerjaya Prospek bags RM529 mil Bukit Tunku residential job from BRDB

Taghill Holdings Bhd (KL:TAGHILL) has secured a RM133 million contract from a unit of Exsim Group to build serviced apartments in Kwasa Damansara, Sungai Buloh. The construction is expected to commence on June 16 and slated for completion within 28 months. As at end-February, Taghill’s order book stood at RM1.93 billion. — Taghill lands RM133 mil Kwasa Damansara serviced apartment job from Exsim

Powerwell Holdings Bhd (KL:PWRWELL) and its wholly-owned subsidiary Kejuruteraan Powerwell Sdn Bhd have secured a RM158.8 million contract, its largest to date, to supply and deliver low-voltage switchboards for an undisclosed international contractor. The contract is to be fulfilled by March 2027. The group’s order book stood at RM150.8 million as of end-March 2026, excluding the latest contract. — Powerwell lands RM158.8 mil supply contract, its largest to date, for Johor data centre

Loss-making property developer Country Heights Holdings Bhd (KL:CHHB) is searching for a new CEO after Mohd Rizal Zubair resigned from the position barely two months after taking the helm to pursue personal interests. The company was quick to clarify that the resignation was not due to any disagreement with directors. — Country Heights CEO resigns after brief stint, search for successor begins