Stronger Wilmar earnings lift PPB’s 3Q net profit
Earnings per share rose to 27.71 sen from 25.29 sen, while revenue was up 5.05% to RM1.19 billion from RM1.14 billion, according to its filing with the bourse.
Earnings per share rose to 27.71 sen from 25.29 sen, while revenue was up 5.05% to RM1.19 billion from RM1.14 billion, according to its filing with the bourse.
Quarterly revenue was inched up 3.61% to RM1.83 billion versus RM1.76 billion in the same period last year, according to a filing with the local stock exchange today.
Nor Salwani Muhammad, an audit director at the National Audit Department (NAD), testified in the High Court that the matter was raised by Arul Kanda during the exit conference held on Dec 16, 2015.
Meanwhile, WCT posted a share of loss after tax of joint ventures of RM6.9 million versus a profit after tax of RM184,000.
AmBank, as the lead arranger and primary subscriber to the bond, had proceeded with the IMTN issuance with TIA following an agreement signed on May 15, 2009.
Ambrin testified that the NAD special audit team for 1MDB — which comprised 12 officers — experienced certain limitations when conducting the audits, as some of the original and important documents which were supposed to be used to verify transactions and audit evidence were either submitted late or were not submitted at all by the fund.
Nor Salwani said she came for the Feb 24 meeting as the coordinator of the 1MDB audit report team but was not allowed into the room.
Azam, in his affidavit, said the authorities received the document from Justo in official confidence.
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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.