News by Wong Ee Lin

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.

Meanwhile, WCT posted a share of loss after tax of joint ventures of RM6.9 million versus a profit after tax of RM184,000.

Earnings per share, accordingly, fell to 2.6 sen from 2.82 sen, its Bursa Malaysia filing yesterday showed. Revenue fell 28% to RM402.58 million from RM557.32 million, as a majority of SunCon’s existing projects are just at their initial stage.

The ICPS will be issued to shareholders at an entitlement date to be fixed on the basis of three ICPS for every four shares held and one free detachable warrant (Warrant B) for every four ICPS subscribed for.

The group's wholly-owned unit Econpile (M) Sdn Bhd was awarded the contract by WCT OUG Development Sdn Bhd, Econpile said in a filing to Bursa Malaysia.

The Hong Kong-based English language news publication, citing law enforcement officials, reported that Indian police had monitored his movements while he was there on a three-day visit, but did not apprehend him.

The group also attributed the higher earnings to higher other income, in which RM6.9 million was recognised following a settlement from an arbitration reached between its wholly-owned unit KKB Builders Sdn and Global Upline Sdn Bhd.

The 8,093 sq metre land will be used for a mixed development project. 

This is the third construction job GDB has secured this year, bringing its year-to-date contract wins to RM865 million, a record high for the company, surpassing all its previous annual tallies.