MARKETS

Cahya Mata Sarawak Reports Stable Earnings

 |  Monday, 27 February 2017 12:36  |  Published in MARKETS

Kuching (Sarawak), Feb 27 -  Cahya Mata Sarawak Bhd (CMSB), the State’s leading infrastructure facilitator, reported a total revenue of RM1.55 billion and pre-tax profit (PBT) of RM302.14 million for FY2016. Revenue and PBT decreased by 13% and 22% in comparison to the preceding year’s (FY2015) record result of RM1.79 billion and RM388.60 million.

 The Group, however, recorded a strong recovery in profits during the second half of 2016 (2H2016) with PBT of RM236.47 million in comparison to the first half of 2016’s (1H2016) PBT of RM65.67 million.

BIMB Holdings Records Profits in 2016

 |  Monday, 27 February 2017 12:10  |  Published in MARKETS

KUALA LUMPUR, Feb 27 - BIMB Holdings Bhd (“BHB”), Malaysia’s premier Islamic financial services group today announced a RM34.8 million increase or 4.2% year-on-year in Profit before Zakat and Taxation (PBZT) to RM869.2 million for the financial year ended 31 December 2016 (“FY2016”).  

The group and its main subsidiaries, Bank Islam and Takaful Malaysia have recorded historically the highest level of profits thus far.

Strategic Partnerships Drive Titijaya’s Growth

 |  Friday, 24 February 2017 12:43  |  Published in MARKETS

Kuala Lumpur, Feb 24 – Titijaya Land Bhd, a Malaysian property developer listed on the Main Market of Bursa Malaysia Securities, announced a 16% increase in its profit after tax (“PAT”) at RM20.4 million for the second quarter ended December 31, 2016 (Q2FY2017), as compared to the RM17.6 million registered in the corresponding period last year. 

The increment was mainly due to higher profit recognition from H2O, 3Elements and Embun projects (“Projects”). The Projects have an estimated gross development value (“GDV”) of RM793.99 million, RM435 million and RM98 million respectively.


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