KEPALA BATAS: Legal action will be taken by the Penang Regional Development Authority (Perda) on former Universiti Sains Malaysia (USM) researcher Prof Dr Zainal Abidin Abdul Aziz for not settling rental since 2003 amounting to RM105,814.

KUALA LUMPUR: IJM Corp Bhd posted net profit of RM83.65 million in the third quarter ended Dec 31, 2009, up 45% from RM57.62 million a year ago, as the improvement in its earnings were boosted by the group's property division.

It said on Feb 25 that revenue fell 10.3% to RM936.31 million from RM1.04 billion. Earnings per share were 6.32 sen versus 4.67 sen.

KUALA LUMPUR: YTL Land & Development Bhd posted a 43% increase in revenue for 2Q2010 (ending Dec 31, 2009) to RM84.21 million, from RM58.887 in 2Q2009. Its profit before tax for 2Q2010 was RM6.48 million compared with RM0.69 million in 2Q2009.

PENANG: Chief Minister Lim Guan Eng said the Penang government will put forward a request for RM388 million to the federal government for conservation and restoration of the George Town World Heritage Site.

He said the request would be made under the 10th Malaysia Plan (10MP) for the period from 2010 to 2015.

KUALA LUMPUR: Sime Darby Bhd is keen on expanding its landbank locally and abroad as the target to achieve one million hectares of land is still there, its President and Group Chief Executive Officer, Datuk Seri Ahmad Zubir Murshid said.

KUALA LUMPUR: Brem Holding Bhd posted a 26.5% loss in revenue for 3Q2010 to RM30.29 million, compared with RM31.11 million for its 3Q2009. Its profit before tax was RM4.5 million for 3Q2010.

KUALA LUMPUR: Ireka Corp Bhd posted profit before tax of RM8.16 million for FY2009, compared with RM2.826 in the previous financial year.

According to the group’s statement to Bursa Malaysia on Feb 25, the lower prices for steel bars and other construction materials contributed to better profit margins for current construction projects.

KUALA LUMPUR: Hock Seng Lee Bhd (HSL Group) posted a 21% increase in revenue for FY2009, compared with RM309.07 million in the previous financial year. The group’s net profit before tax for FY2009 was RM75.57 million, or a 35% increase from RM54.46 million in FY2008.

KUALA LUMPUR: Sime Darby Bhd reported RM1.765 billion in pre-tax profit for the first half of financial year ended Dec 31, 2009, up 7% from RM1.648 billion in the same period in 2008.

Turnover rose to RM16.169 billion from RM16 billion in the previous financial year.

KUALA LUMPUR: Boustead Holdings Bhd reported a pre-tax profit of RM501.65 million for the year ended Dec 31, 2009, down 26.1% from RM678.90 million the previous year.

Revenue declined to RM5.39 billion against RM7.029 billion in 2008, the company said in a filing to Bursa Malaysia on Feb 25.