KUCHING: A slowdown in clients’ activities in the oil and gas industry and lower utilisation of marine vessels has taken a big hit on the bottom line of Petra Energy Bhd. In second quarter ended June 30, 2025 (2Q2025), Petra Energy performed badly, with group net loss of about RM19.2
KUCHING: Ibraco Bhd has delivered impressive earnings, with group net profit soared to RM30.5 million in second quarter ended June 30, 2025 (2Q2025) as compared to RM6.24 million a year ago in tandem with group revenue, which more than doubled to RM193 million from RM94.43 million. All the group’s business
KUCHING: Kim Hin Industry Bhd’s controlling shareholders — Kim Hin (Malaysia) Sdn Bhd (KHSB) and company’s executive chairman Chua Seng Huat (joint offerors) — have received close to six per cent of the company’s issued shares from minority shareholders when the extended closing date of their offer at 85sen per
KUCHING: Perdana Petroleum Bhd (PPB) has sustained its group net profit of about RM34.54 million in second quarter ended June 30, 2025 (2Q2025) despite a sharp drop in group revenue by about RM41.4 million, thanks to an unrealised foreign exchange gain of RM19.6 million. Group revenue plunged to RM83.24 million
KUCHING: Aizo Group Bhd has reported weak financials, with group net loss of RM8.34 million in the April-June 2025 quarter on revenue of RM37 million. There were no comparison figures with preceding year corresponding period as the company has changed its financial year. The company recorded loss per share of
KUCHING: The process of the handing over of Bintulu Port to the Sarawak government from the Federal government is in the final stages of completion, says Bintulu Port Holdings Bhd (BPHB). BPHB said when the Sarawak government assumes jurisdiction over the Bintulu Port, its subsidiary, Bintulu Port Sdn Bhd (BPSB),
KUCHING: Cahya Mata Sarawak Bhd (CMS) sunk into the red with a group net loss of RM11.32 million in the second quarter ending June 30, 2025 (2Q2025) from a profit of RM33.37 million a year ago, dragged down by the sizable losses incurred by its phosphate business. Group revenue slipped
KUCHING: The United States of America (US) has reported sharply lower imports of various tropical wood hardwood products in June this year as the Trump administration continued to roll out an ever-evolving policy of trade tariffs. While neither the biggest fears nor promises about the tariffs materialised, larger month-on-month swings
KUCHING: The Employees Provident Fund Board (EPF) has amassed more shares in Dayang Enterprise Holdings Bhd, driving its equity interest in the oil & gas company to about 97.5 million units (8.421%). The pension fund acquired additional 1.1 million shares and 1.484 million shares on August 14 and 13 respectively,
KUCHING: Malaysia has exported about RM7.73 million worth of wood products to Japan, a key market for especially wooden bedroom furniture and furniture parts, in May 2025. For the month under review, Malaysia shipped RM3.54 million worth of bedroom furniture (HS940350) and was the third largest supplier after China and
