YTL Corp posts stronger 4Q as revenue jumps one-fifth
Save for its property and utilities business segments, YTL Corp recorded positive growth in profit before tax (PBT) in all its business divisions during the quarter.
Utusan to be delisted from Bursa tomorrow after 25 years as listed company
"The board of directors of Utusan wishes to announce that the company has not made an appeal against the delisting of Utusan's securities and pursuant thereto the securities will be delisted on Aug 30, 2019," said the media group in a filing to the stock exchange today.
UEM Sunrise posts lower 2Q earnings on absence of gain
In an exchange filing, the property developer attributed the sharp decline in its net profit to the absence of contribution from land sales compared to the corresponding period last year which carried a significantly higher margin, cushioned by the partial settlement income of Aurora Melbourne Central and Conservatory projects.
KSL cash pile soars with higher profit but, sorry, no dividend
The group said it is in the midst of developing a piece of land held along Jalan Klang-Banting here, and is anticipating a gross development value of RM10 billion with 10 main development phases.
Seacera defaults on more loans
Seacera Ceramics Sdn Bhd was yesterday served with a notice of default by Ambank Islamic Bhd for RM12.91 million, arising from facilities granted to the company.
Yong Tai reports first annual loss in five years
It also saw low Encore Melaka ticket sales, while its non-operating expenses such as depreciation, amortisation and interest charges are no longer capitalised after Encore Melaka started operations.
BLand posts two-month net loss of RM35m on fair value change
However, it managed to post a net profit of RM148.03 million for the cumulative 14-month period.
Utusan Melayu continues printing but risks delisting
According to Utusan’s web portal, the group’s chief executive officer Datuk Abd Aziz Sheikh Fadzir clarified that the operations will continue despite financial challenges faced.
Genting Malaysia unit inks merger agreement to delist Empire Resorts
GenM told Bursa Malaysia today that on Sunday (Aug 18), GenUSA and Kien Huat Realty III Ltd (KH) received 49% and 51% stakes in Hercules Topco respectively to undertake US-based casino operator Empire's planned delisting under a planned merger.
Utusan's huge debt turns off potential investors
In its quarterly financial results announcement on Bursa Malaysia, Utusan said it is “impossible for the group to convince potential investors to revive the business” as “a few potential identified parties have declined to participate due to the group’s huge liabilities”.
