KUCHING: YKGI Holdings Bhd has posted a slight increase in group net profit to RM1.42 million in second quarter 2022 (Q22022) from about RM1.4 million in Q22021 as revenue jumped to RM75.7 million from RM60.6 million previously. The company attributed the revenue growth to higher steel price despite a lower
KUCHING: Ocean Vantage Engineering Sdn Bhd (OVE) will subscribe for 700,000 ordinary shares in Esprat Sdn Bhd for RM1 million in cash to diversify its business. The wholly-owned subsidiary of Ocean Vantage Holdings Bhd (OVH) has entered into a subscription agreement for the 700,000 shares representing 70 per cent of
KUCHING: Sarawak continued as the country’s top producer of crude palm oil (CPO) in July 2022, with output of 345,165 tonnes. Sarawak’s July CPO output was the highest monthly this year and exceeded June production of 329,638 tonnes by 15,527 tonnes or 4.7 per cent, according to the latest monthly
KUCHING: The EU27+UK (European Union 27 member countries + United Kingdom) has lowered imports of tropical wooden furniture from Malaysia by double digits in the first four months of 2022 (4M2022). During the period under review, their combined furniture imports from Malaysia slipped by 15 per cent to 37,000 tonnes.
KUCHING: Pansar Bhd’s outstanding order book of more than RM1.2 billion can sustain the company even in the event of an economic downturn for the next few years, said its chairman Dato Sri James Tai Cheong. He said some of the notable infrastructure projects that Pansar is currently implementing include
KUCHING: Borneo Oil Bhd (BOB) has fixed the issue price for the first tranche of its private placement at RM0.0223 per placement share. The issue price represents a discount of approximately 9.72 per cent to the 5-day volume weighted average price (VWAP) of BOB shares up to and including July
KUCHING: Sarawak Cable Bhd (SCB) has posted group net loss of about RM126.7 million for the 17-month period to May 31, 2022 (17M2022) on revenue of RM815.9 million. There are no comparison figures as the company has changed its financial year to May 31 from Dec 31. Losses per share
KUCHING: Shipbuilder TAS Offshore Bhd has slipped into the red with group net loss to RM1.51 million for financial year ended May 31, 2022 (FY2022) from net profit of about RM1.9 million in the preceding year. This was despite a sharp increase in group revenue to RM57.5 million from RM34.9
KUCHING: The EU27 (European Union 27 member countries) has significantly increased the imports of tropical wood and wood furniture from tropical countries, including Malaysia, due to the curtailment of wood supplies from Russia and Belarus. The shrinking wood supplies from Russia and Belarus due to the sanctions imposed by the
KUCHING: Sarawak’s monthly export earnings from logs and timber products has dropped sharply in June 2022 to about RM246.97 million (free on board value) from RM318.2 million in previous month of May or down by RM71 million or 22.4 per cent. Month-on-month, there was a significant decline in the export