KUCHING: Ocean Vantage Holdings Bhd (OVH) has met the Bumiputera equity requirement following the completion of the issuance of special issue shares to Bumiputera investors. The company has said earlier that up to 61.65 special issue shares would be issued to Bumiputera investors to be identified and approved by the
KUCHING: EU27’s (European Union 27 member countries) import value of tropical wood and wood furniture products in the April-June 2022 quarter (2Q2022) has shot up to its highest quarterly level since at least before the 2007-2008 financial crisis. In the current quarter under review, imports of these products by the
KUCHING: OM Holdings Ltd’s group after-tax profit has shot up to US$60 million (RM268.9 million) in first half-year ended June 30, 2022 (1H2022) from US$18.1 million (RM81.1 million) in 1H2021, boosted by the higher prices of ferrosilicon (FeSi), silicomanganese alloys and manganese ores. Revenue from operating activities climbed 35 per
KUCHING: Miri-based Sealink International Bhd has significantly cut its group net loss to about RM1.1 million in Q22022 from RM7.5 million in Q22021 as revenue rose to RM16.1 million from RM9.99 million previously. Losses per share were reduced to 0.21sen from 1.5sen. Sealink attributed the 61 per cent increase in
KUCHING: Hubline Bhd expects its dry bulk shipping business to remain encouraging and its aviation business to continue perform well in the final quarter of the financial year ending Sept 30, 2022 (Q42022). This is despite the downward pressure on shipping freight rates, the company said in releasing its latest
KUCHING: Reservoir Link Energy Bhd’s (RLEB) 51 per cent-owned subsidiary Founder Energy Sdn Bhd has been awarded a solar energy project with the contract worth RM10.2 million. The letter of award (LOA) from Atlantic Blue Sdn Bhd is for the turnkey construction and commission of a large-scale solar photovolatic plant
KUCHING: Harbour-Link Group Bhd group net profit have more than doubled to RM148 million in financial year to June 30, 2022 (FY2022) from RM60.6 million in FY2021,bolstered by firmer ocean freight rates for intra-Asia trade and increased cargo volume shipped. Year-on-year, group revenue soared to RM871.2 million from RM609 million
KUCHING: Rimbunan Sawit Bhd has bounced back with group net profit of about RM9.65 million in second quarter to June 30, 2022 (Q22022) from loss of RM37,000 in Q22021 as a result of higher production volume and sale prices of fresh fruit bunches (FFB), crude palm oil (CPO) and palm
KUCHING: Subur Tiasa Holdings Bhd’s bottomline has received a major boost from increased sales price of crude palm oil (CPO) and higher logs sales volume. In second quarter ended June 30, 2022 (Q22022), Subur Tiasa chalked up group pre-tax profit of RM29.2 million from RM16.9 million in Q12022 as revenue
KUCHING: Firm metallic silicon prices has driven PMB Technology Bhd’s group net profit sharply higher to about RM35.2 million in second quarter ended June 30, 2022 (Q22022) from RM11.6 million in Q22021. The earnings growth is in line with expanded group revenue to RM260.2 million from RM178.3 million or an