Unisem (M) Bhd's net profit for the third quarter ended Sept 30, 2016 (3QFY16) dipped slightly to RM38.63 million from RM40.2 million a year earlier.
Revenue for the quarter came in lower at RM321.95 million compared with RM329.61 million a year earlier.
Earnings per share for 3QFY16 was at 5.26 sen versus 5.5 sen previously.
Unisem declared an interim dividend of 7% or 3.5 sen per share, payable on Jan 6, 2017.
For the nine months ended Sept 30 (9MFY16), Unisem posted a net profit of RM110.95 million or 15.12 sen per share versus RM95.12 million or 13.66 sen per share a year earlier, on the back of revenue of RM960.65 million versus RM908.46 million.
Fraser & Neave Holdings Bhd's (F&N) net profit declined 13% to RM49.59 million in the fourth quarter ended Sept 30, 2016 (4QFY16) from RM56.72 million a year earlier, mainly on weaker Malaysian operations.
In a statement to Bursa Malaysia today, food and beverage manufacturer F&N said revenue dropped to RM976.5 million from RM1.02 billion.
F&N Malaysia’s revenue declined by 10.9% from RM636.3 million to RM566.6 million compared with the corresponding quarter
"F&N Malaysia's operating profit was reduced significantly from RM58.8 million to RM10.3 million (-82.5%) on lower revenue, less favourable sales mix, higher trade discounts and higher consumer trade marketing expenses," F&N said.
F&N proposed a dividend of 30.5 sen per share for 4QFY16, bringing full-year dividends to 57.5 sen.
For the full year, F&N said net profit grew to RM385.37 million from RM280.07 million a year earlier while revenue increased to RM4.17 billion from RM4.11 billion.
Gadang Holdings Bhd said it is currently bidding for RM5.2 billion worth of projects, including several packages of the Mass Rapid Transit 2 (MRT2) and the new Light Rail Transit 3 (LRT3) projects, to replenish its orderbook.
As at the end of the first quarter ended Aug 31, 2016, the group’s orderbook stood at RM603.7 million.
Gadang construction division manging director Khew Check Kiet said the projects the group is currently tendering for include several packages for MRT2, namely package V204, for the portion near Desa Waterpark and V207 at Universiti Putra Malaysia, Serdang.
The group is also bidding for package V206 and had just received an invitation to tender for package V205.
Gadang was also shortlisted for LRT3, with tenders expected to be called some time in the first quarter of 2017. However, the packages for the RM9 billion line have not been announced yet.
Meanwhile, the group is also bidding for the Cyberjaya hospital project and is expecting two more packages to be announced for the West Coast Expressway. It is also eyeing contracts for the RM55 billion East Coast Rail Line project.
Tenaga Nasional Bhd (TNB) has inked power purchase agreements (PPAs) with three special purpose companies (SPCs) set up by a consortium of three private companies, to purchase electrical power from their solar projects.
According to TNB's bourse filing today, the SPCs were set up by the consortium comprising ItraMAS Technology, Maltech Pro Sdn Bhd and Cam-Lite Sdn Bhd.
TNB said the consortium has been awarded 3X50MW solar projects by the Ministry of Energy, Green Technology & Water, which would be developed in three locations — Jasin in Melaka, Gurun in Kedah and Merchang in Terengganu.
It has inked the PPAs with Quantum Solar Park (Melaka) Sdn Bhd, Quantum Solar Park (Kedah) Sdn Bhd and Quantum Solar Park (Terengganu) Sdn Bhd.
KLCCP Stapled Group has declared higher income distribution for the third quarter ended Sept 30, 2016 (3QFY16) on the back of higher earnings.
The income distribution of RM155.26 million or 8.6 sen per unit is an increase of 5.5% from the RM147.13 million or 8.15 sen per unit announced for 3QFY15.
The stapled group comprises KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust.
The income distribution for 3QFY16 is made up of an interim dividend of 2.94 sen per unit totalling RM53.08 million by KLCCP, and an income distribution of 5.66 sen per unit totalling RM102.18 million by KLCC REIT, both payable on Dec 14.
In a filing to Bursa Malaysia today, KLCCP Stapled Group said its net profit for 3QFY16 rose 19% to RM178.23 million, from RM149.8 million a year ago, despite revenue falling 2.3% to RM329.54 million from RM337.19 million.
Earnings per share climbed to 9.87 sen from 8.3 sen.
The stapled group's income distribution for the cumulative nine-month period (9MFY16) stood at RM463.91 million or 25.8 sen per unit, up 3.5% from RM448.26 million or 24.83 sen per unit a year ago.
Net profit expanded to RM538.84 million or 29.85 sen per share, up 6% from RM508.17 million or 28.15 sen per share for 9MFY15, while revenue rose by a marginal 0.6% to RM998.86 million from RM993.09 million.
Acoustech Bhd has tied up with three private firms to jointly build a five-block foreign worker hostel in Permas Jaya, Johor.
In a filing with Bursa Malaysia today, the speaker systems manufacturer said the project will involve the construction 120 residential hostel units on a 7.37-acre piece of freehold land there.
Though it did not disclose how much the project would cost, it intends to fund the project with external borrowings.
To effect the joint venture (JV), it inked a JV-cum-shareholders' agreement (JVSA) with Harum Megah Resources Sdn Bhd (HMR), Jaya Dormitory Sdn Bhd (JDSB) and the JV company Harum Eco Dormitory Sdn Bhd (HED). HED is currently a wholly-owned unit of Acoustech.
Acoustech will be constructing the hostels through its wholly-owned subsidiary Teras Eco Sdn Bhd. HED will be the purchaser of the land and owner of the buildings to be constructed.
On completion, the hostel will be tenanted to HMR, which specialises in the recruitment of foreign workers, which will secure and manage the tenancy of the hostel units upon completion.
The land, located in Permas Jaya, is about 1km from the Johor Bahru East Coast Highway, 2km away from Senibong Cove, and 9km from Johor Bahru.
The JV company HED, which is currently dormant, will have a capital outlay of RM2 million: RM1.1 million from HMR, which will have a 55% stake, RM600,000 from Acoustech (30%), and RM300,000 from JDSB (15%). This, it said, will be financed with internal funds.
MMC Corp Bhd’s subsidiary Projek Lebuhraya Timur Sdn Bhd (Pelita) has been ordered by the High Court to pay RM86.2 million in damages to Daya Group over a claim in relation to the East Coast Expressway project.
MMC said RM17.27 million of the damages must be paid to Jurutera Perunding Daya Sdn Bhd and the remaining RM68.93 million to Pengurusan Projek Daya Sdn Bhd.
Pelita was also ordered to pay costs of RM100,000, MMC said in a filing to Bursa Malaysia.
Daya Group had sued Pelita for RM49.95 million in 2005 over a claim in relation to a concession agreement entered into between the government and Pelita in 1998, in respect of the privatisation of the East Coast Expressway.
MMC itself has also been sued by Daya on the matter but the High Court had in 2011 ruled that that the utilities and infrastructure group was not liable, as it was not a party to any of the agreements between Daya and Pelita.
Day had appealed this decision but the Court of Appeal dismissed the appeal in September 2015, said MMC.
Tien Wah Press Holdings Bhd, which has successfully tendered for the acquisition of British American Tobacco (BAT) Indonesia's printing business PT Bintang Pesona Jagat (BPJ) for 304 billion rupiah (RM97.75 million), has sealed the deal for the buy today and expects to complete the acquisition by Dec 15.
Its 51%-owned subsidiary Max Ease International Ltd inked a conditional sale and purchase of shares agreement with PT Bentoel Prima (PTBP) and PT Lestariputra Wirasejati (PTLW) to effect the planned acquisition.
Indonesia-listed PT Bentoel Internasional Investama Tbk will also appoint BPJ as the exclusive supplier to provide print supplies to BAT in Indonesia for six years, from Jan 1 next year.
BPJ will become a subsidiary of Tien Wah Group on completion of the sale and transfer of the shares.
The acquisition will further expand its production and geographical footprint, while strengthening its business relationship with the BAT Group as their preferred printing partner.