Items filtered by date: August 2017

Taliworks Corporation Bhd, an established pure-play infrastructure company engaged in water treatment, supply and distribution, highway and toll management, waste management and construction and engineering, which has released its second quarter results for the financial year ending 31 December 2017 , recorded a Profit Before Tax and Profit After Tax of RM10.3 million and RM7.8 million respectively, on a revenue of RM91.3 million. 

The earnings before interest, tax, depreciation and amortisation was registered at RM23.7 million. These results have accounted for the net provision for discounting of receivables of RM10.9 million which are due to the delay in implementation of the last stage of the Selangor water consolidation exercise.

Published in CORPORATE

Press Metal Aluminium Holdings Bhd, the largest integrated Aluminium producer in South East Asia, announced that its net profit rose 81.1% to RM298.2 million, from RM164.6 million (after adjusting for insurance claim) a year ago. 

The significant increase was mainly attributable to additional production output generated by its Samalaju phase 2 smelting plant and higher metal price.

Published in CORPORATE

Paramount Corporation Bhd has announced sales of RM176 million for 2Q2017, bringing the company’s 6M2017 sales to RM420 million and surpassing the 2016 full-year sales of RM402 million. 

These follow a strong performance in 1Q2017 and was attributed to the market’s positive response to Phase 1 of the Group’s newly-launched Utropolis Batu Kawan development, which closely mirrors the Utropolis Glenmarie university metropolis development launched in 2013. 

Published in CORPORATE
Thursday, 17 August 2017 13:40

JAG Continues Positive Streak

JAG Bhd , one of Malaysia’s leading total waste management companies by market share, continued to chart a positive 2017 with strong half year financial results. 

The Group yesterday announced a profit after tax (PAT) of RM4.97 million for the first six months of 2017 from the loss after tax of RM1.62 million recorded in the corresponding period last year. Revenue was also higher at RM64.64 million compared with the RM42.84 million recorded last year. 

Published in CORPORATE

Pharmaniaga Bhd recorded a profit after tax of RM29 million for the first half of its financial year ended 30 June 2017. Profit before tax (PBT) came in at RM38 million while revenue stood at RM1.1 billion. 

The Logistics and Distribution Division posted a higher PBT of RM4 million for the six-month period, marking a turnaround from the deficit of RM4 million in the previous year’s corresponding period. This was achieved on the back of stronger contributions from both the concession business and private sector businesses.

Published in CORPORATE

SUBANG JAYA: Mesiniaga MB Cloud is pleased to announce that they have received the Payment Card Industry Data Security Standards 3.2 (PCI DSS 3.2) certification, an information security standard for organizations that handle branded credit cards from the major card schemes. The PCI Standard is mandated by the internationally recognized card brands and administered by Payment Card Industry Security Standards Council.

In a statement, Mesiniaga Bhd General Manager Products & Solutions Eric Foo says, by hosting with a PCI DSS compliant cloud hosting provider, the clients will have full assurance that Mesiniaga MB Cloud have completed all the necessary security requirements as stated by PCI DSS, the completion of the requirements are further validated by PCI Qualified Security Assessor (QSA), a 3rd party assessor authorized by PCI Security Council to carry out PCI compliance assessment work.

Published in GENERAL

Kuala Lumpur, 16 August- Silentmode Sdn Bhd, the developer of Slurp!, announces that they has recently closed a Series A round of funding amounting to RM 2.5 million.

The funding which comes from Axiata Digital Innovation Fund (ADIF) is managed by Intres Capital Partners Sdn Bhd, a Kuala Lumpur based venture capital firm. 

Published in GENERAL

Kuala Lumpur, 15 August - KLCC REIT successfully secures a long term lease with PETRONAS for the remaining 40% office space at Menara ExxonMobil in April 2017, for an initial term of 3 years with the option to renew for 5 successive terms of 3 years each.

This can be contributed to the consistent stable performance of the Group’s office segment in spite of the 2 months vacancy at Menara ExxonMobil, which was partially offset from the recognition of additional rental following the conversion of atrium spaces at Menara Dayabumi. 

Published in GENERAL

KUALA LUMPUR: A Malaysian- founded company, Funding Societies, has become the first and only peer-to- peer (P2P) financing company to achieve membership at the International Association of Credit Portfolio Managers (IACPM). Furthermore, risk management expert, Terry Tse, joins the company as advisor. Until earlier this year, Mr. Tse was Chief Risk Officer of Dianrong, one of China’s leading P2P financing platforms.

CEO of Funding Societies Malaysia Wong Kah Meng, says that they are deeply committed to the highest standards of investor and SME protection. Being part of IACPM shows that creating and maintaining a risk assessment process of international caliber is one of our top priorities. Leading banks and financial institutions such as Barclays, HSBC, Citigroup, and Goldman Sachs are also members of IACPM. We hope to integrate knowledge from renowned financial institutions with advanced digital technology. 

Published in GENERAL

KUALA LUMPUR: NEC Corporation of Malaysia Sdn. Bhd. and Netcracker Technology announced today their collaboration with technology giants Red Hat, Juniper Networks and Dell EMC to offer an end-to-end multivendor 5G-ready virtualization platform for service providers and enterprises in Malaysia. 

In a statement, the company said the partnership, building off its Ecosystem 2.0 Program will see NEC Corporation of Malaysia/ Netcracker positioning itself as a full SDN/NFV (Software-Defined Networking/Network Functions Virtualization) solution provider that is qualified of designing and deploying a network architecture concept that uses IT virtualization technologies to virtualize entire classes of network node functions into building blocks that may connect or chain together to create communication services.

Published in GENERAL
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