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 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.
Sunway Bhd recorded a second quarter ended 30 June 2017 pre-tax profit of RM271.4 million and a net profit of RM233.3 million, a jump of 33.2% and 29.7% respectively from the same quarter last year due to better performance from most business segments.
Profits were also boosted by the share of higher fair value gains from the annual revaluation exercise done on Sunway REIT properties of RM56.8 million in the current quarter, compared to RM23.7 million in the corresponding quarter of the previous financial year.