GenM posts 3Q net profit of RM410.8m on absence of impairment losses
In a bourse filing, the group said that 3QFY18 saw an impairment loss of RM1.83 billion on its investment in the promissory notes issued by the Mashpee Wampanoag Tribe.
In a bourse filing, the group said that 3QFY18 saw an impairment loss of RM1.83 billion on its investment in the promissory notes issued by the Mashpee Wampanoag Tribe.
Consequently, it recorded a net profit of RM6.67 million for the three months ended Sept 30, 2019, as compared with a net loss of RM274.57 million in the same quarter last year — when it recorded a share of loss from its associate Syarikat Pengeluar Air Selangor Holdings Bhd.
In particular, EMIR Research found that the cost of living was the source of most worry for Malaysians surveyed — with a score of 0.81.
He said Menang will only look into conducting such acquisitions once it receives the cash from the disposal of non-core assets.
On its prospects, the group said it had launched 2,320 housing units year-to-date with a combined gross development value of RM1.4 billion.
In a bourse filing, the group posted an ordinary dividend of 0.6 sen, which has an ex-date of Dec 30, 2019 and is payable on Jan 10, 2020.
He was heard agreeing to the amendment in an audio recording of a meeting held on Feb 24, 2016, that was also attended by other top government officials.
"At the end, we agree there should not be two or three (different) versions of the 1MDB audit report. Whatever final version that existed, that should stand."
Tan Sri Ali Hamsa, who was chief secretary to the government, said Ambrin had agreed to the request from Datuk Seri Najib Abdul Razak's principal private secretary Tan Sri Shukry Mohd Salleh, who highlighted the "sensitivity of the matter".
“There were passages in that report that caused concern to Najib though they were true in fact ... He took positive steps to have those passages altered or removed ... Despite the report was ready to be placed before the PAC in Parliament, a meeting was convened on Feb 24, 2016 at Najib’s behest ... As a result of what transpired at that meeting, the relevant passages were amended or removed.”