The suspension of IOI Corp Bhd's Roundtable on Sustainable Palm Oil (RSPO) certification will be lifted on Aug 8. The four-month suspension began on April 1.
The RSPO Secretariat said the complaints panel is satisfied that IOI Group has met the conditions set out by the RSPO in its letter to IOI Group dated March 14, based on the actions that the group has taken and implemented since then.
MMC Corp Bhd is acquiring a 49% stake in Penang Port Sdn Bhd (PPSB), the operator of Penang Port, from Seaport Terminal (Johore) Sdn Bhd for RM200 million cash.
MMC Corp has entered into an agreement with Seaport Terminal to acquire 35.99 million shares in PPSB. It will fund the acquisition via internal funds and/or bank borrowings.
REV Asia Bhd (formerly known as Catcha Media Bhd) plans to buy two popular Chinese social news and content websites from Netnion Technology Sdn Bhd for a maximum purchase consideration of RM5 million.
This will mark REV Asia's first step into the online Chinese audience segment, presenting it with an opportunity to dominate the Chinese social news and content vertical.
Protasco Bhd has bagged a contract worth RM315.8 million for the construction of a stretch of the Sungai Besi-Ulu Kelang Expressway (SUKE).
Protasco said its subsidiary, HCM Engineering Sdn Bhd, will undertake the contract jointly with Hatimuda Sdn Bhd on a 40:60 basis. The work is expected to be completed within a 30-month period ending Feb 28, 2019.
Unisem (M) Bhd's net profit for the second quarter ended June 30, 2016 (2QFY16) went up by 20% to RM37.63 million from RM31.38 million a year earlier, driven by higher sales and better margins.
Quarterly revenue came in 7.4% higher at RM320.89 million against RM298.79 million a year ago, due to higher average selling prices.
The semiconductor company declared an interim dividend of 3.5 sen per share, which is payable on Sept 5.
For the six-month period ended June 30 (1HFY16), Unisem's net profit grew 31% on year to RM72.33 million from RM54.92 million in 1HFY15, while revenue for 1HFY16 was 10.3% higher at RM638.7 million from RM578.85 million in previous corresponding period.
SLP Resources Bhd's net profit for the second quarter ended June 30, 2016 (2QFY16) slipped by 5.4% to RM6.07 million from RM6.41 million in the same corresponding quarter a year ago, largely due to lower domestic sales.
The group also recorded slightly lower revenue of RM42.2 million from RM42.5 million in 2QFY15.
It, however, declared a first single-tier interim dividend of 1.5 sen per share, amounting to approximately RM3.7 million. The ex and payment dates fall on Sept 6 and Oct 5 respectively.
For the first half of the financial year ended Dec 31, 2016 (1HFY16), its net profit grew by 2.65% to RM11.2 million from RM10.9 million in 1HFY15, while its revenue increased by 3.44% to RM86.8 million from RM83.9 million.
Ranhill Holdings Bhd recorded a net profit of RM37.77 million for the second quarter ended June 30, 2016 (2QFY16), underpinned by revenue of RM357.04 million.
For the cumulative six months ended June 30, 2016 (1HFY16), the group registered a net profit of RM44.67 million, and a revenue of RM701.79 million.
No comparative figures for the preceding financial year's corresponding quarter and six-month period were available as the group was only listed last December.
http://www.theedgemarkets.com/my/article/ioi-corp-mmc-corp-rev-asia-protasco-unisem-slp-resources-and-ranhill
