CORPORATE

Ekovest Gross Profit Surges 9.4% To RM98.97 million

 |  Tuesday, 05 September 2017 10:21  |  Published in CORPORATE

Ekovest Bhd, a Bursa Malaysia Main Market listed company involved in construction, property development and infrastructure concession businesses, announced a gross profit of RM98.97 million for its 4th quarter financial year ended 30 June 2017 (4QFY2017), representing a 67% increase from RM59.16 million in the corresponding period last year. Its revenue stood at RM318.45 million, a 9.4% increase as compared to RM291.07 million a year ago.

A filing to Bursa Malaysia shows that the increase in the revenue and profit for the reporting quarter was mainly due to the due to higher revenue contribution from the construction segment. 

Boustead Records Q2 PAT of RM127 million

 |  Tuesday, 05 September 2017 10:19  |  Published in CORPORATE

Boustead Holdings Berhad (BHB) recorded an improved performance for its second quarter ended 30 June 2017, with a profit after tax (PAT) of RM127 million compared with RM41 million in the preceding quarter. Profit before tax came in at RM162 million while revenue stood at RM2.4 billion. 

For its first six months ended 30 June 2017, the Group recorded a PAT of RM168 million compared with RM311 million in the previous year’s corresponding period. However, last year’s higher PAT was mainly attributable to gains realised on divestment of an associate company and disposal of lands. 

AFFIN Thrives at Half Year Mark with RM359.8 million PBT

 |  Tuesday, 05 September 2017 10:17  |  Published in CORPORATE

AFFIN Holdings Berhad (AFFIN) recorded an improved profit before tax after zakat (PBT) of RM359.8 million for the half year ended 30 June 2017. 

This marked an increase of RM24.5 million or 7.3% as compared to RM335.3 million for the corresponding half-year ended 30 June 2016. Profit after tax (PAT) for the first six months of the year stood at RM276.7 million, a 7.0% increase compared with RM258.5 million last year.

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