News by theedgemarkets.com

Quarterly revenue fell 42% to RM826.27 million, from RM1.42 billion last year, mainly contributed by its UK and Egypt operations (RM406 million), US and Bahamas operations (RM364.2 million) and Malaysia operations (RM17.7 million).

Also contributing to the weaker quarter was its share of losses from joint ventures and associates, in particular from the Meizhou Wan power plant in China. 

This lowered its earnings per share to 6.21 sen from nine sen previously, according to the Seremban-based property developer’s filing with the local bourse on Thursday (Nov 25). 

Justice Mohamed Zaini Mazlan on Thursday allowed the transfer of the four charges involving criminal breach of trust (CBT), misappropriation of funds and money laundering of more than RM1 million due to “unusual questions of law that will arise” in the case.

UEM Sunrise said it recorded an operating loss in the current quarter as a result of lower revenue and foreign exchange losses of RM5.6 million due to weakening Australian dollars and South African rand.

The VTL-Land will begin with an initial quota of 1,500 daily travellers at the beginning stage, with weekly increments to follow.

The study further found that Sinovac’s Covid-19 vaccine was only 76% effective against breakthrough deaths after three to five months, falling from 79% two months after the primary series.

The group via its wholly-owned subsidiary Advancecon Infra Sdn Bhd (AISB) has accepted the Letter of Acceptance from Sime Darby Property for the appointment of AISB as the contractor for the proposed construction and completion of earthworks and other related works for Development of Phase 1 (R10C, R10D and R10E), at Bandar Bukit Raja 2, Kapar district. 

In a statement on Monday, it said the 16 Covid-19 positive individuals had been isolated and quarantined, while deep cleaning and sanitisation will be conducted in the resort.

The exercise would allow the group to expand its existing customer base and widen its M&E engineering service offerings to include the healthcare services industry in Malaysia.