Newsfeed – Business News
Hibiscus lifts production target and flags potential corporate exercise
PETALING JAYA: Hibiscus Petroleum Bhd has upgraded its sales volume guidance for its financial year 2026 (FY26) to 9-9.4 million barrels of oil equivalent (MMboe) despite earnings for the first […]
Guan Chong posts lower 3Q profit as margins weaken
PETALING JAYA: Guan Chong Bhd’s net profit for the third quarter ended Sept 30, 2025 (3Q25) fell 27.9% year-on-year (y-o-y) to RM41.24mil on lower margins despite a stronger topline. Read […]
MN Holdings’ 1Q net profit triples to RM21.5mil
KUALA LUMPUR: MN Holdings Bhd (MNHB) kicked off the first quarter ended Sept 30, 2025 (1Q26), with a record net profit of RM21.5mil, more than tripling the RM7mil posted in […]
MK Land awards RM142.3mil solar plant contract to Solarvest
PETALING JAYA: MK Land Holdings Bhd’s subsidiary Citra Energies Sdn Bhd has awarded a RM142.3mil contract to Atlantic Blue Sdn Bhd (ABSS), a wholly owned subsidiary of Solarvest Holdings Bhd, […]
AME Elite expects strong FY26 with industrial property demand
KUALA LUMPUR: AME Elite Consortium Bhd expects to deliver a strong financial performance for the financial year ending March 31, 2026 (FY26), supported by active industrial property demand and ongoing […]
Padini’s 1Q profit jumps 76.9%, declares 1.8 sen dividend
KUALA LUMPUR: Padini Holdings Bhd said the retail sector continues to face pressure from weakening purchasing power, higher costs, inflation and interest rates, alongside trade tensions. Read full story Date: […]
Bermaz Auto, Kia agree to end distributorship amid carmaker’s local reorganisation
KUALA LUMPUR: Bermaz Auto Bhd has mutually agreed with Kia Corporation to terminate their distributorship arrangements, following the carmaker’s decision to reorganise its Malaysian operations and establish its own national sales […]
AirAsia X posts 77% slump in 3Q profit to RM27.7mil
PETALING JAYA: AirAsia X Bhd’s (AAX) net profit plunged 77% in the third quarter ended Sept 30, 2025 (3Q25), despite a slight improvement in revenue. Read full story Date: 28 […]
LBS posts resilient Q3FYE2025 results with 19.8% revenue growth
PETALING JAYA: LBS Bina Group Bhd has released its unaudited financial results for the third quarter ended Sept 30 (Q3FYE2025), underscoring robust project execution while maintaining its growth trajectory guided […]
Ringgit ends firmer vs greenback as expectations rise for US interest rate cut
KUALA LUMPUR: The ringgit extended its gains to close marginally higher against the US dollar on Friday on the rising expectations for a cut in US interest rates in December. Read full […]