MSM Malaysia Holdings Berhad (MSM), a subsidiary of Felda Global Ventures Holdings Berhad (FGV), recorded a pre-tax profit of RM27.03 million in its fourth quarter earnings, an improvement of 12.0 per cent from the corresponding quarter.
MSM recorded stronger consolidated revenue of RM2.67 billion for the financial year ended 31 December 2017 as compared with RM2.66 billion in the same period last year. The 0.3% revenue increase was mainly due to a 16.5% improvement in the overall average selling price tied with a 12.0% offset reduction in overall tonnage sold in 2017.
Nestle (Malaysia) Bhd delivered a strong performance for its financial year ended 31 December 2017 and has registered a higher revenue by 3.9 per cent to RM 5.3 billion supported by strong export and domestic businesses, which grew 3.0 per cent and 4.1 per cent respectively.
Full year net profit improved by about 1.3% to RM645.8mil, or RM2.75 a share.
UEM Edgenta Bhd has announced a special dividend of 18 sen for the financial year ended December 31, 2017 together with a second interim dividend of five sen, raised the total dividend for the year to 31 sen.
This is the highest dividend payout by UEM Edgenta, following the disposal of 61.2 per cent stake in Opus International Consultants Limited (“OIC”) of RM 274.9 million