OCBC Al-Amin Bank Bhd (OCBC Al-Amin) registered a 27% increase in net profit from RM151 million in 2016 to RM192 million last year, its ninth full year of operation.
With this OCBC Al-Amin has increased its net profit more than 11 times since its first full year of operations when it registered a net profit of RM17 million in 2009.
Fraser & Neave Holdings Bhd aims to expand its share in the ready-to-drink market with the introduction of a broader portfolio of healthier choice products while supporting Government’s call for lower sugar content in beverages.
The Group’s newest introduction – 100PLUS Reduced Sugar (with only four per cent sugar, the lowest in the industry and WITHOUT any alternative or artificial sweetener), will boost 100PLUS’ total healthier choice portfolio and expand the brand’s reach beyond traditional user occasions.
Priceworth International Bhd says Forest Management Unit 5 (FMU5) has been valued at RM433.8 million, significantly more than the RM260 million price it is paying for its proposed acquisition of the FMU 5 Timber Concession comprising a net concession area of 88,920 hectares.
The timber and sustainable forestry group also holds a cash option that could further reduce the acquisition price to RM235 million if exercised, it said today in a circular to shareholders.