KUALA LUMPUR (Aug 11): Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday:

Mr DIY Group (M) Bhd (KL:MRDIY) reported a 15.2% drop in its net profit for the second quarter ended June 30 (2QFY2026), to RM134.41 million from RM158.58 million in 2QFY2025, due to increased costs. An interim dividend of 3.3 sen per share was declared, with 1.3 sen to be paid on Sept 8 and the remaining 2 sen per share to be paid at a date to be announced. — Mr DIY 2Q profit down 15%, pays 3.3 sen dividend

Scicom (MSC) Bhd (KL:SCIMON) saw its shares hit a nine-year high, extending year-to-date gains to 60%. At the start of Tuesday’s trading session, the counter opened at RM2.20, the company’s highest since August 2017. But the stock eventually closed lower, dipping 0.9% from Monday's close to settle at RM2.17. — Scicom shares hit nine-year high as cash position underpins dividend appeal

Handal Energy Bhd (KL:HANDAL) expects to release its 2025 annual report and financial statements by Oct 15, 15 days before its final deadline. This comes as the company said that its external auditors expect the financial statements to be approved by the company’s board by Sept 30. Handal Energy failed to submit its annual report within four months from the close of the financial year ended Dec 31, 2025, leading to a suspension in the trading of shares since May 11. — Handal Energy targets annual report issuance by Oct 15

Cypark Resources Bhd (KL:CYPARK) secured feed-in tariff approval to increase the capacity of its waste-to-energy (WTE) plant in Port Dickson from the Sustainable Energy Development Authority. This approval, coming as Cypark moves into the second phase of its WTE plant project, is for a total installed capacity of 44.73MW and net export capacity of 29.99MW. — Cypark gets Seda's nod for capacity expansion of waste-to-energy plant in Port Dickson

HE Group Bhd (KL:HEGROUP) has accepted a letter of intent to undertake RM47 million worth of electrical works for a data centre in Johor. Details of the contract are expected to be finalised by the third quarter of 2026, with the only thing known so far being that it involves the supply, installation, testing and commissioning of 275kV electrical works, slated for completion in September 2027. — HE Group accepts letter of intent for Johor data centre electrical works worth RM47 mil

SD Guthrie Bhd (KL:SDG) is selling 556.96 acres of land in Kulai to Sime Darby Property Bhd (KL:SIMEPROP) for RM418.5 million after receiving no proposals for a joint industrial park development on the site since May 2025, due to the land being zoned for residential use. Sime Darby Property plans to turn it into a sustainable township for landed residential and commercial developments, with an estimated gross development value of RM3 billion. — SD Guthrie to sell 557 acres in Kulai to Sime Darby Property for RM418.5 mil

SD Guthrie also reported that its net profit almost doubled for its quarter ended June 30 (2QFY2026), rising to RM987 million from RM505 million in the same quarter last year. This rise was boosted by land sales and downstream earnings that offset lower revenue, which fell by 4% year-on-year to RM4.94 billion. The company declared an interim dividend of 11.18 sen per share, payable on Nov 4. — SD Guthrie 2Q net profit nearly doubles on industrial gains

Yoong Onn Corporation Bhd (KL:YOCB)’s 60%-owned subsidiary, TC Homeplus Pte Ltd, appointed subcontractor Precise Development Pte Ltd to build a S$13.16 million (about RM41.18 million) four-storey industrial building in Singapore. The project is expected to increase Yoong Onn’s presence in Singapore and is expected to be completed in about 15 months once construction begins on Oct 5, 2027. — Yoong Onn appoints contractor to build industrial facility in Singapore

West River Bhd (KL:WESTRVR) secured a RM22.56 million subcontract to carry out electrical works at a data centre in Johor with an undisclosed entity. The subcontract will have West River design, supply, construct, handover and perform maintenance for a consumer landing station as part of a larger data centre development at the SILC Industrial Area in Iskandar Puteri, Johor. — West River secures RM22.56 mil data centre subcontract in Johor