EITA Resources LRT3 contract value cut 65% to RM67.45m
The group said it has received a new letter of appointment and notices of termination from MRCB George Kent Sdn Bhd, the LRT3 project delivery partner.
The group said it has received a new letter of appointment and notices of termination from MRCB George Kent Sdn Bhd, the LRT3 project delivery partner.
Revenue for the quarter came in at RM39.19 million, down 10.3% y-o-y versus RM43.69 million.
Ahmad Husni said 1MDB and SRC matters were off limits to him.
MARC said given Masteel relatively modest market position in the production of steel billets and steel bars, which are mainly for local consumption, these factors have weighed on its profitability margins.
The BBM transcript showed an exchange between Yu and Jho Low, where Yu tweaked the date of the instruction letter from Dec 24, 2014 to Dec 29, 2014.
He replaces managing director Teoh Seng Kian, who has tendered his resignation citing other work commitment.
Anwar said however, affirmative action will remain to elevate the poor and reduce inequality.
Gross rental income also fell 3.5% during the quarter to RM66.05 million from RM68.41 million a year ago.
The group announced that it had entered into a settlement agreement with the parties it had launched legal proceedings against.
Justice Nazlan said this after agreeing with both the defence and the prosecution to submit on the issue, where Najib, on FB, defended his RM3.3 million credit card bill at a Swiss jeweller.