KUCHING: The lower selling price of silicon metal, coupled with higher operating costs, have significantly eroded the earnings of PMB Technology Bhd (PMBTech) this year. In third quarter to Sept 30, 2023 (3Q2023), PMBTech saw its group net profit plunged to RM1.64 million from about RM17 million in 3Q2022 as
KUCHING: Petra Energy Bhd has delivered remarkable earnings in the first nine months of 2023 (9M2023), with group net profit surging to RM26.8 million from RM5.1 million in 9M2022 as revenue shot up to RM415.3 million from RM260.3 million. The earnings growth was contributed by both the services segment and
KUCHING: Ibraco Bhd has launched new major commercial and residential projects in its flagship development — The NorthBank — here. “We have successfully launched another commercial development comprising 3-storey shops, single storey lock-up and 8-storey commercial blocks known as NorthBank Commercial Centre. “Also (launched) is Corliss Residence comprising 330 units
KUCHING: Ocean Vantage Holdings Bhd (OVH) has zoomed in on Sarawak and Sabah to bid for projects in the oil & gas industry. The company said it continues to participate in various tenders, both onshore and offshore projects, focusing on East Malaysia where most of the upcoming high-profile and high value
KUCHING: Indonesian timber companies are faced with transportation woes to bring their logs to the market using river channels due to the extreme dry season. “The lowering of river water levels due to the extreme dry season posed a problem because it made it difficult to transport logs when some
KUCHING: Dayang Enterprise Holdings Bhd has chalked up robust earnings with group net profit surged to about RM76.4 million in third quarter ended Sept 30, 2023 (3Q2023) from RM52.9 million in 3Q2022 or an increase of RM23.5 mil. The higher utilisation of offshore support vessels (OSVs), coupled with increased work
KUCHING: Reservoir Link Energy Bhd (RLEB) has recorded earning growth, with group net profit surging to RM1.22 million in the first quarter to Sept 30, 2023 (1Q2023) from RM428,000 in 1Q2022 on expanded revenue. Group turnover jumped to RM67.7 million from RM42.4 million during the same period. Earnings per share
KUCHING: Reservoir Link Energy Bhd (RLEB) has recorded earning growth, with group net profit surging to RM1.22 million in the first quarter to Sept 30, 2023 (1Q2023) from RM428,000 in 1Q2022 on expanded revenue. Group turnover jumped to RM67.7 million from RM42.4 million during the same period. Earnings per share
KUCHING: The demand of formaldehyde-free wood-based panel products in China has risen sharply in efforts to promote the green development of wood-based panel products industry. The output of China’s wood-based panels in 2021 was 336.73 million cubic metres (cu m), a year-on-year increase of eight per cent and came after
KUCHING: Rimbunan Sawit Bhd (RSB) has completed its capital reduction exercise via the cancellation of the company’s paid-up share capital which is substantially unrepresented by available assets of about RM223.1 million. The corresponding credit of RM223.1 million arising from the cancellation will be used to set off against the company’s