KUCHING: Pansar Bhd says the implementation of the sales and service tax (SST) has squeezed its profit margins and contributed to delays in sales, noting that the impact “will take some time to mitigate.” The company added that currency movements are offering some relief. “The ringgit continued appreciating against our
KUCHING: Media Chinese International Ltd (MCIL) is leaning on its growing travel business to offset the continued weakness in its publishing and print operations. Group chief executive officer Francis Tiong said the performance of MCIL’s tourism division is being lifted by an expanded portfolio that includes new destinations and immersive,
KUCHING: Property developer Naim Holdings Bhd has slipped into the red, posting a net loss of RM6.12 million for the third quarter ended Sept 30, 2025 (3Q2025) — a sharp reversal from a profit of RM43.3 million a year earlier — dragged down primarily by losses in an associate construction
KUCHING: ABM Fujiya Bhd (AFujiya) is commissioning machinery for the fifth production line at its new battery manufacturing plant in Demak Laut Industrial Park, with completion expected next month. The company, which released its third-quarter results for the period ended Sept 30, 2025 (3Q2025), said four production lines are currently
KUCHING: AIZO Group Bhd has proposed to undertake another fund-raising exercise via private placement and renounceable rights issue that has the potential to raise up to RM195.6 million to finance, among others, its large-scale solar and current construction projects. The proposed private placement entails the issuance of up to 763,883,000
KUCHING: WTK Holdings Bhd had chalked up remarkable earnings, with group net profit surged to about RM27.4 million in third quarter ended September 30, 2035 (3Q2025) from RM1.83 million a year ago, with strong contributions from the oil palm business. However, group revenue dropped to RM130.8 million from RM167.6 million
KUCHING: Reservoir Link Energy Bhd’s (RLEB) wholly-owned subsidiary Reservoir Link Sdn Bhd (RLSB) has been awarded a contract for the perforation equipment and services for well intervention, work over and P&A campaigns (Package A6) by EnQuest Petroleum Production Malaysia Ltd. The two-year contract is from November 10, 2025 to November
KUCHING: Rimbunan Sawit Bhd (RSB) reported sharply lower group net profit of RM3.25 million in 3Q2025, down from RM32.68 million in 3Q2024 despite an increase in revenue to RM161.9 million from RM146.9 million. Earnings per share fell to 0.16sen from 1.6sen previously. In the current quarter, RSB said the 10.2
KUCHING: Sarawak Consolidated Industries Bhd (SCIB) will proceed with its extraordinary general meeting (EGM) on January 15, 2026 as scheduled while waiting for the outcome of the company’s proposed disposal of its manufacturing business. The EGM, which is to seek shareholders’ approval on the company’s proposed renounceable rights issue with
KUCHING: Jaya Tiasa Holdings Bhd’s bottom line has been impacted by the weaker performance of its oil palm segment, dragging group net profit down by RM18.7 million to RM53.6 million in first quarter to September 30, 2025 (1Q2025) against RM72.3 million registered a year ago. The segment’s profitability had been
