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MBI sells land to PNSB

SHAH ALAM: Menteri Besar Incorporated (MBI), the parent company of Selangor state subsidiaries, sold two plots of land worth RM438.5 million to Permodalan Negeri Selangor Bhd (PNSB), a state agency, on Tuesday, Nov 30.

Sabah mulls decision concerning Atkinson Clock Tower

KOTA KINABALU: The state government will strive to come up with "the best decision" to resolve issues concerning the proposed 16-storey commercial building project near the Atkinson Clock Tower, one of the historical heritage sites in Sabah, near Padang Merdeka here.

Pasdec Holdings sees 3Q net loss of RM2m

KUALA LUMPUR: Pasdec Holdings Bhd recorded a net loss of RM2.04 million from a net profit of RM24,000 a year ago in its third quarter (3Q) financial statements ended Sept 30, 2010, the group announced on Tuesday, Nov 30.

Revenue earned dropped by 44% to RM14.49 million from RM26.1 million a year ago.

Al-'Aqar REIT 3Q net profit down 2% to RM9.94m

KUALA LUMPUR: Al-'Aqar KPJ Real Estate Investment Trust (REIT) recorded a drop in net profit of 2% to RM9.94 million from RM10.16 million a year ago in its third quarter (3Q) financial results ended Sept 30, 2010, the trust announced on Tuesday, Nov 30.

Revenue rose 21% to RM19.15 million from RM15.82 million a year ago.

Zecon Bhd sees 3Q net loss of RM2.3m

KUALA LUMPUR: Zecon Bhd recorded a net loss of RM2.29 million compared to a net loss of RM9.04 million a year ago in its thid quarter (3Q) financial statements ended Sept 30, 2010, the group announced on Tuesday, Nov 30.

Revenue, on the other hand, rose 34% to RM59.8 million from RM44.49 million a year ago.

Ranhill 1Q net profit up 86% to RM15.6m

KUALA LUMPUR: Ranhill Bhd recorded an increase in net profit by 86% to RM15.64 million from RM8.38 million a year ago in its first quarter (1Q) financial results ended Sept 30, 2010, the group announced on Tuesday, Nov 30.

Revenue earned, however, dropped 11.5% to RM443.24 million from RM501 million a year ago.

Karambunai Corp 2Q net loss of RM11.8m

KUALA LUMPUR: Karambunai Corp Bhd recorded a net loss of RM11.78 million compared to a net loss of RM3.56 million a year ago in its second quarter (2Q) financial results as at Sept 30, 2010, the group announced on Tuesday, Nov 30.

Revenue earned dropped by 19% to RM30.95 million from RM38.15 million a year ago.