Nextgreen sees return to profit in FY19

KUALA LUMPUR (Nov 21): Nextgreen Global Bhd (formerly BHS Industries Bhd), which has been making losses for three straight years, expects to return to profit in the financial year ending June 30, 2019 (FY19) on the back of improved market conditions, as well as the commercialisation of its industrial park.

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Utusan to sell land for RM18m to raise working capital

  KUALA LUMPUR (Nov 16): Loss-making media group Utusan Melayu (Malaysia) Bhd, which is formulating a regularisation plan to address its Practice Note 17 (PN17) status, is planning to sell a leasehold plot located in Jalan Tiga off Jalan Chan Sow Lin here for RM18 million, to unlock its value and raise working capital for the group.

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