KUALA LUMPUR (Aug 21): Here is a brief recap of the business news and corporate announcements that made the headlines on Thursday:

Kossan Rubber Industries Bhd’s (KL:KOSSAN) net profit for the three months ended June 30, 2026 (2QFY2026) surged to RM64.47 million — the highest quarterly net profit since FY2022 — from RM31.15 million a year ago. Kossan recorded a net profit of RM90.1 million in 1QFY2022 and RM45.99 million in 2QFY2022 — Kossan's 2Q profit doubles on higher volume and prices, lower costs

Mah Sing Group Bhd (KL:MAHSING) has agreed to dispose of a piece of land in Sepang, Selangor, for RM617.86 million cash to data centre developer WG Malaysia X Sdn Bhd. Mah Sing said its unit Southville City Sdn Bhd has signed a sale and purchase agreement with WG Malaysia, a wholly-owned subsidiary of an international digital infrastructure group, for the disposal. The purchaser intends to use the 78.8-acre land, currently vacant, for data centre-related development. — Mah Sing to sell Sepang land to data centre developer for RM617.9m cash

Sunway Healthcare Holdings Bhd's (KL:SUNMED) net profit rose to RM78.16 million in the three months ended June 30, 2026 (2QFY2026) from RM41.39 million a year earlier. Revenue for 2QFY2026 jumped 29.8% to a record RM672.9 million from RM518.58 million a year earlier, on higher hospital operation revenue, which rose 29% y-o-y. — Sunway Healthcare's 2Q net profit surges 89% on higher patient volumes, record revenue

Telekom Malaysia Bhd's (KL:TM) second-quarter net profit fell 9.3% to RM365.48 million from RM402.97 million a year earlier. Telekom Malaysia declared a second interim dividend of seven sen per share for the financial year ending Dec 31, 2026 (FY2026), payable on Sept 18. Revenue for the quarter rose 6.8% to RM2.96 billion from RM2.77 billion on broad improvements across its segments. — Telekom Malaysia 2Q net profit down 9% on higher costs, pays seven sen dividend

TXCD Bhd (KL:TXCD), formerly known as Ageson Bhd, has been granted another six-month extension until Feb 7, 2027 to submit its revised regularisation plan to Bursa Securities. The Practice Note 17 (PN17) company said in an Aug 7 filing that it had voluntarily withdrawn its earlier regularisation plan, submitted on April 1, after receiving feedback from the relevant authorities. — TXCD gets six-month extension to submit revised regularisation plan

7-Eleven Malaysia Holdings Bhd’s (KL:SEM) net profit in 2QFY2026 plunged 58.5% to RM8.28 million from RM19.96 million a year earlier, after rapid expansion of its store network pushed operating costs higher.  Revenue rose 9.7% to RM883.61 million from RM805.59 million, thanks to the larger store network and continued sales growth. — 7-Eleven Malaysia sees 2H profit recovery after expansion costs drag 2Q earnings

Malayan Cement Bhd’s (KL:MCEMENT) net profit for the three months ended June 30, 2026 (4QFY2026) was RM222.92 million, a 35% increase from the same quarter a year earlier, outpacing a 17% y-o-y growth in revenue to RM1.29 billion. A second interim dividend per share of nine sen was also declared and payable on Oct 2, lifting the total for the financial year to 15 sen from 12 sen in FY2025. — Malayan Cement raises dividend as earnings hit another record, flags rising costs ahead

YTL Corp Bhd’s (KL:YTL) fourth-quarter net profit fell 47.1% to RM327.56 million from RM618.91 million for 4QFY2025, though revenue rose more than 15% to RM8.81 billion from RM7.65 billion.  An interim dividend of six sen per share payable on Oct 23 was declared with the latest results, up from five sen in the corresponding quarter last year. — YTL Corp's 4Q profit nearly halves on weaker power, construction margins, declares six sen dividend

Genting Bhd (KL:GENTING) posted a net loss of RM27.10 million for the three months ended June 30, 2026 (2QFY2026), compared with a net profit of RM243.50 million a year earlier. Revenue, however, rose 14% to RM7.75 billion from RM6.78 billion, thanks to the group's leisure and hospitality, and plantation businesses. Separately, Genting's 73.9%-owned subsidiary Genting Malaysia Bhd (KL:GENM) reported an 89% plunge in net profit to RM47.4 million for 2QFY2026 from RM416.6 million a year earlier. Revenue, nevertheless, jumped 32% to RM3.85 billion from RM2.92 billion, mainly due to contributions from the commencement of commercial casino operations at RWNYC, as well as from the acquired Genting Casino Stratford and consolidated Genting Empire Resorts LLC. — Genting swings into 2Q loss as higher finance costs, absence of one-off gain weigh

Magnum Bhd (KL:MAGNUM) announced that it plans to progressively resume its operations in Kedah, as it posted an 8.4% growth in its second-quarter net profit compared with the same period a year ago, as profit margin expanded amid lower gaming prize payouts. The group saw its net profit for the quarter ended June 30, 2026 (2QFY2026) rise to RM67.36 million from RM62.13 million for 2QFY2025, even as revenue slipped 2.7% to RM555.32 million from RM570.76 million on fewer draw days. A second interim dividend of 3.5 sen per share was declared, to be paid on Sept 23. — Magnum plans progressive resumption of Kedah ops, reports 8.4% rise in 2Q profit

Dialog Group Bhd’s (KL:DIALOG) fourth-quarter net profit rose 13.6% y-o-y to RM167.47 million from RM147.38 million, as stronger contributions from its businesses, particularly in Malaysia, lifted earnings. Revenue for the fourth quarter ended June 30, 2026 (4QFY2026) increased 27.3% to RM774.56 million from RM608.34 million a year earlier. Dialog proposed a final dividend of three sen per share, bringing its total dividend for FY2026 to 4.7 sen per share or about RM265.93 million. — Dialog 4Q net profit growth lifts FY2026 earnings to near double, proposes three sen dividend

Malaysian Pacific Industries Bhd (KL:MPI), which provides outsourced semiconductor packaging and testing services, saw only a marginal rise in its latest quarterly net profit despite a 30.6% jump in revenue  as higher costs and taxation ate into its bottomline. Net profit for the fourth quarter ended June 30, 2026 (4QFY2026) edged up 1.6% to RM44.23 million from RM43.53 million a year earlier. Quarterly revenue increased to RM736.64 million from RM564.02 million. — MPI 4Q net profit hit by costs and taxation

Bursa Malaysia has publicly reprimanded property developer Hua Yang Bhd (KL:HUAYANG) for breaching listing rules governing the purchase of its own shares, after the company acquired 4.48 million shares from a shareholder through a direct business transaction instead of the market. Hua Yang bought the shares for RM876,515.98 or 19.5 sen each on April 22, contravening paragraph 12.04 of Bursa’s Main Market listing requirements, which requires share buybacks to be conducted on the market of the exchange. — Hua Yang reprimanded by Bursa Malaysia over share buyback breach

LBS Bina Group Bhd’s (KL:LBS) net profit for the quarter ended June 30, 2026 (2QFY2026) fell 44.4%, mainly because the previous year had benefitted from a reversal of contingency sum no longer required for completed projects. Net profit for 2QFY2026 fell to RM15.05 million from RM27.08 million in 2QFY2025, even as revenue rose 9.9% to RM340.46 million from RM309.84 million. A first interim dividend of 0.85 sen per share was declared, payable on Nov 19. — LBS Bina's 2Q profit drops 44% on absence of contingency sum reversal, pays 0.85 sen dividend