KUALA LUMPUR (Aug 24): Here is a brief recap of some corporate announcements that made the news on Monday.

Kuala Lumpur Kepong Bhd (KL:KLK) posted a net loss of RM1.34 billion for the third quarter after booking a RM1.62 billion impairment on its stake in UK-listed Synthomer plc, reflecting the associate’s weak market value. The non-cash adjustment was aimed at removing earnings drag, with no impact on cashflow or dividends. Excluding the one-off charge and Synthomer losses, KLK’s quarterly profit would have risen 28% to RM444.8 million. The impairment also pushed parent Batu Kawan Bhd (KL:BKAWAN) into a RM653.17 million quarterly loss, compared with a RM182.92 million profit previously. — KLK bites the bullet with hefty Synthomer impairment, dragging group into the red in 3Q

Khee San Bhd’s (KL:KHEESAN) largest shareholder Datuk Seri Ngu Tieng Ung has resigned as executive chairman with immediate effect, citing personal reasons. His departure comes three days after six bank accounts of a key subsidiary were frozen under an anti-money laundering probe — Khee San’s largest shareholder Ngu Tieng Ung resigns as executive chairman

Foodie Media Bhd (KL:FOODIE), via its unit Good Foodie Media Sdn Bhd, has signed an MOU with Tourism Malaysia to support the Visit Malaysia 2026–2027 campaign. Under the deal, GFM will create digital content and provide event coverage, while Tourism Malaysia will share tourism information, permit logo use and invite GFM to selected events. — Foodie Media partners Tourism Malaysia to promote Visit Malaysia 2026-2027 campaign

Sime Darby Property Bhd (KL:SIMEPROP) doubled its second quarter earnings to RM322 million and raised its dividend policy to 40%-60% of net profit, excluding extraordinary items, from the previous 20%. Revenue rose 9.3% to RM1.16 billion, supported by property development and new lease income from a data centre. A first interim dividend of 1.70 sen per share was declared, payable Oct 21. — Sime Darby Property boosts dividend policy as 2Q net profit more than doubles

Meanwhile, Sime Darby Property said its growing investment and asset-management arm is boosting earnings visibility and recurring income, supporting a higher dividend policy. Group MD and CEO Datuk Seri Azmir Merican noted the shift aims to reduce reliance on cyclical property development, making results more predictable and enhancing shareholder returns. — Sime Darby Property bets on recurring income to smoothen earnings as it raises dividend policy

WCE Holdings Bhd (KL:WCEHB) is reviewing the viability of a proposed southern extension of the West Coast Expressway from Banting to Gelang Patah under a privatisation model, pending full details from the government. CEO Lyndon Alfred Felix said the project’s attractiveness depends on funding, costs, land acquisition and government support, noting rising construction costs and land risks could make it too high-risk without state backing. — WCE holding off decision on southern extension pending govt input — CEO

Sunway Construction Group Bhd (KL:SUNCON) reported a 23.5% rise in net profit for the second quarter to RM103.59 million, supported by stronger margins across all segments despite weaker construction revenue. Quarterly revenue fell 31.1% to RM1.02 billion, mainly due to peak progress on several data centre projects recorded in the prior year. The group has secured RM6.85 billion in new orders year to date, surpassing its FY2026 target of RM6 billion. The group has raised its full-year replenishment goal to RM7 billion-RM9 billion, with an outstanding order book of RM10.5 billion as of June 2026. — Sunway Construction 2Q net profit up 24% despite lower revenue

Zetrix AI Bhd (KL:ZETRIX), formerly MyEG Services, posted a 35% rise in net profit for its second quarter to RM269.3 million, supported by AI platforms, Web3 services and blockchain node and token sales. Revenue grew 38.6% year-on-year to RM426.7 million. A first interim dividend of 0.25 sen per share was declared, payable Nov 20. — Zetrix AI's 2Q profit up 35% on AI and blockchain contributions, declares 0.25 sen dividend

Guan Chong Bhd (KL:GCB) posted record second quarter earnings of RM253.02 million, a fivefold increase from RM48.2 million a year earlier, as cost reductions outpaced weaker cocoa product prices. Lower borrowings also cut finance costs, though revenue fell 54% to RM1.8 billion. Cocoa futures have rebounded from Iran war lows amid concerns over worsening weather in West Africa, which produces about 70% of global supply. Guan Chong is optimistic that chocolate demand is expected to recover gradually through the second half of 2026. — Guan Chong 2Q earnings jump five times to new record

Cahya Mata Sarawak Bhd (KL:CMSB) has delayed commissioning of its Samalaju yellow phosphorus plant to 4QFY2026 after equipment issues during testing. For its second quarter results, the group returned to profit with RM22.44 million versus a RM11.32 million loss a year earlier, supported by stronger cement and property earnings, better road maintenance contribution and reduced phosphate losses. Revenue rose 18.2% to RM291.97 million on higher cement sales and property progress, partly offset by weaker oiltools demand. — Cahya Mata Sarawak delays phosphate plant launch as it returns to profit in 2Q

Ajinomoto (Malaysia) Bhd (KL:AJI) posted a 3.9% drop for its first quarter net profit to RM23.23 million from RM24.17 million a year earlier, as revenue eased 1.1% to RM178.91 million. The decline was attributed to weaker exports amid a softer US dollar and Middle East geopolitical issues. — Ajinomoto's 1Q profit slides as weaker US dollar weighs on revenue

Pestec International Bhd (KL:PESTEC) confirmed its fraud and conspiracy suit names ex-CEO Lim Pay Chuan, former company secretary Pan Seng Wee, former transmission head Han Fatt Juan and ex-CFO Teh Bee Choo. Two China-based suppliers, SPECO and Shandong Electrical Engineering & Equipment Group, are also defendants. The case involves alleged dubious transactions, inflated invoices and an unauthorised parent company guarantee. Pestec said the guarantee was never part of its records or audited accounts. — Pestec names former CEO, company secretary and CFO in suit alleging fraud