KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
FGV Holdings Bhd
plans to take greater control of eight subsidiaries from Koperasi Permodalan Felda Malaysia Bhd in deals worth RM229.8mn combined.
Mitrajaya Holdings Bhd’s wholly-owned subsidiary, Pembinaan Mitrajaya Sdn Bhd, has secured a RM70mn contract for the construction of the main building and associated works for an eight-storey serviced apartment in Langkawi, Kedah
IJM Corp Bhd has received approval from the Ministry of Works for the New Pantai Highway Extension that will cost RM1.4bn for the 15km and toll restructuring for the existing highway.
Velesto Energy Bhd secured a new drilling contract from PC Ketapang II Ltd, PC North Madura II Ltd, and PETRONAS North Ketapang Sdn Bhd for its NAGA 8 jack-up rig in Indonesia.
Advancecon Holdings Bhd’s unit Advancecon Infra Sdn Bhd secured a RM68.5mn contract from Sime Darby Property (Lagong) Sdn Bhd for earthworks and ancillary works in Stage 1 of the Lagong Mas development in Gombak, Selangor.
Dutch Lady Milk Industries Bhd remains cautiously optimistic about growth in 2025, despite input cost pressures and evolving regulatory challenges.
Paramount Corp Bhd posted a net profit of RM14.4mn, up from RM7.7mn in the same quarter last year as revenue jumped 26.2% YoY to RM217.8mn, driven by improvement in its property segment.
Allianz Malaysia Bhd’s net profit rose 11.5% to RM211.7mn in 1QFY25 from RM189.8mn a year earlier, supported by higher profit from both insurance segments.
Petronas Dagangan Bhd’s net profit rose 29.8% to RM293.5mn in 1QFY25 from RM226mn a year ago, driven by lower expenditure and higher other income.
Gas Malaysia Bhd saw a 2.4% drop in net profit to RM100.1mn in 1QFY25 from RM102.6mn, due to lower average gas contribution margin, higher admin and finance costs.
TIME Dotcom Bhd recorded a higher net profit of RM113mn in 1QFY25, up from RM110.7mn a year earlier as revenue rose 2.6% to RM428.6mn from RM417.8mn, supported by sustained demand for data and connectivity solutions.
Oriental Kopi Holdings Bhd posted RM13.8mn net profit in 2QFY25 with revenue of RM103.2mn, mainly from its café operations with 93.5% of total, followed by packaged goods of 6.2%.
Hibiscus Petroleum Bhd posted a net loss of RM116mn or loss of 15.4 sen per share in 3QFY25 due to a one-off, non-cash deferred tax liability of RM167.3mn related to the UK’s Energy Profits Levy.
