<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 18): Automated test equipment solutions provider Elsoft Research Bhd posted a net profit of RM7.1 million for the second financial quarter ended June 30, 2017 (2QFY17), down 32% from RM10.4 million a year ago on lower revenue, a share of losses in associated companies and unfavourable foreign exchange.</p></div>

<div class=newsTextDataWrapInner><p>Quarterly revenue fell 19% to RM14.9 million from RM18.4 million in 2QFY16, no thanks to lower demand from general lighting and smart devices industry.</p></div>

<div class=newsTextDataWrapInner><p>The group declared a single-tier interim dividend of three sen per share, with Sept 13 as the ex-date and Sept 29 as payment date.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>For the first half of FY17 (1HFY17), net profit climbed 10% to RM13.1 million from RM11.9 million in 1HFY15, while revenue increased 5% to RM30.1 million from RM28.6 million a year earlier mainly due to greater demand from automotive industry but was partially offset by lower demand from smart devices industry.</p></div>

<div class=newsTextDataWrapInner><p>In its filing with Bursa Malaysia, Elsoft said it is optimistic about the group's prospects for FY17.</p></div>

<div class=newsTextDataWrapInner><p>Elsoft closed down four sen or 1.43% to RM2.76, with 138,200 shares traded for a market capitalisation of RM759.15 million. Year to date, the stock has gained about 97%.</p></div>

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KUALA LUMPUR (Aug 18): Automated test equipment solutions provider Elsoft Research Bhd posted a net profit of RM7.1 million for the second financial quarter ended June 30, 2017 (2QFY17), down 32% from RM10.4 million a year ago on lower revenue, a share of losses in associated companies and unfavo...

Elsoft 2Q net profit down 32% on lower revenue, pays 3 sen dividend

The potential imposition of plain packaging for cigarette and vape products, together with a ban on the display of such products in stores, will incur a "huge financial burden" on privately owned sundry shops, according to the Federation of Sundry Goods Merchants Associations of Malaysia (FSGMAM).

Potential ban on cigarette, vape product display will burden retailers, on top of proposed plain packaging — sundry goods merchants

KLCC Stapled Group, controlled by national oil and gas company Petroliam Nasional Bhd, said on Wednesday that it is still on the lookout for foreign assets as part of its portfolio expansion mandate.

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Bursa Malaysia closed at a two-year high on Wednesday with the key index rising 0.63%, driven by a positive outlook on the local bourse and amid an upbeat performance by regional peers.

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The interim report on the tragedy of two Royal Malaysian Navy (RMN) helicopters crashing in Lumut, Perak on Tuesday will be ready within two weeks, said Communications Minister Fahmi Fadzil.

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The European Commission launched a probe into China's public procurement of medical devices on Wednesday, the latest in a series of moves that ratchet up trade tensions ahead of President Xi Jinping's visit to Europe next month.

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Perlis Menteri Besar Mohd Shukri Ramli confirmed that he knew about his son being arrested by the Malaysian Anti-Corruption Commission (MACC), and will leave it to the authorities to complete their investigation.

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Taiwan President Tsai Ing-wen said on Wednesday she was happy the US Congress had passed a sweeping foreign aid package which includes arms support for the island, as China urged Washington to stop selling weapons to Taipei.

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Immigration officers are not allowed to reject any passport renewal or first-time application solely because the applicant fails to master the national language, said Immigration director general Datuk Ruslin Jusoh.

“I would like to clarify that in fulfilling their responsibilities, immigration officers will conduct random checks in various aspects to verify applications.

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Former Tronoh assemblyman Paul Yong Choo Kiong has filed an appeal at the Federal Court against the Court of Appeal's decision in upholding his conviction for raping his maid five years ago.

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World stocks rose on Wednesday led by tech names as investors' focus shifts to earnings from US megacap bellwethers this week, while the yen remained mired near 34-year lows, keeping traders wary of intervention from Japanese authorities.

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<p>The Edge covers former Malaysian Prime Minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial live.</p>




Najib's 1MDB-Tanore trial live reporting (April 24)

<p>Farm Price Holdings Bhd on Wednesday began taking orders from investors for its initial public offering (IPO) on the ACE Market to raise up to RM32.4 million.</p>

<p>The IPO, priced at 24 sen apiece, involves a public issuance of 102 million new shares as well as an offer for sale of 33 million existing shares, according to its prospectus. All in, the listing offers investors a 30% stake in the Johor-based wholesalers and vegetables distributor.</p>


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<p>Capital A Bhd’s unit AirAsia Consulting Sdn Bhd is the entity that is bidding to acquire SriLankan Airlines, and if it materialises, will raise its own capital for the acquisition, according to chief executive officer Tan Sri Tony Fernandes.</p>


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<p>With Malaysia’s 5G outdoor coverage having reached the 80% target for coverage of populated areas (CoPA) at the end of 2023 and after the signing of the share subscription agreements (SSAs) by five mobile network operators (MNOs) on Dec 1, 2023, what’s next for the next stage of 5G deployment in Malaysia?</p>


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<p>E-government services provider MyEG Services Bhd has inked an agreement to collaborate on the launch of a virtual asset fund or Hong Kong virtual assets exchange-traded fund (ETF) products.</p>


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<p>One of the world’s busiest land checkpoints is set to become less congested as Malaysians travelling to Singapore on factory buses will be able to clear immigration through QR code.</p>


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<p>Bursa Malaysia remained in positive territory at the midday break on Wednesday, supported by continuous buying in selected heavyweight counters, especially in the telecommunications and media sectors.&nbsp;</p>


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<p>Capital A Bhd’s board of directors has decided to extend Tan Sri Tony Fernandes'&nbsp;tenure as the chief executive officer for another five years, and as a strategic adviser to the airlines business, which is poised to be merged into AirAsia X Bhd.</p>


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<p>Rakuten Trade said NationGate Holdings Bhd may extend its upward trajectory after breaking out from its one-month rectangular pattern on Tuesday.</p>


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<p>Shares of DXN Holdings Bhd surged on Wednesday to its highest in more than a month as analysts continued to urge investors to buy the stock after the health supplement company’s fourth-quarter (4Q) results.</p>


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<p>Carlsberg Brewery Malaysia Bhd, the locally-listed unit of the Danish brewer, confirmed the price increases for its beer products starting this month.</p>


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<p>Haily Group Bhd shares continued their uptrend on Wednesday to a near all-time high, after the construction outfit won a RM109.5 million contract for terrace houses in Pontian, Johor.</p>


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<p>The Malaysian Anti-Corruption Commission investigating officer (MACC IO) probing Datuk Seri Najib Razak in relation to the 1Malaysia Development Bhd (1MDB) debacle never asked the former prime minister if he had instructed for the controversial transfer of US$700 million to a company linked to fugitive Low Taek Jho (Jho Low), the court heard on Wednesday.</p>


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<p>Gold’s record-setting rally this year has puzzled market watchers, as bullion has roared higher, despite headwinds that should have held it back. With prices sagging this week, the explanation may lie in China.</p>


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<p>KUALA LUMPUR (April 24): Dataprep Holdings Bhd said on Wednesday that Tan Sri Muhammad Ikmal Opat Abdullah has ceased to be the substantial shareholder in the IT products and services company.</p>


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<p>Several important developments related to Digital Nasional Bhd (DNB), including the appointment of its board members and the direction of the agency, will be announced on Thursday, said Communications Minister Fahmi Fadzil.</p>


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<p>Bursa Malaysia opened higher on Wednesday, tracking Wall Street's upbeat overnight performance, as confidence was buoyed by a spate of solid corporate earnings that many see as a precursor of those from the mega caps which will be reported over the next few days, said an analyst.</p>


Bursa opens higher, tracking overnight Wall Street

<p>The son of a menteri besar is among six individuals remanded by the Malaysian Anti-Corruption Commission (MACC) here to assist in investigations regarding a case of submitting false documents and claims involving RM600,000 over the past two years.</p>


MB's son among six remanded over document forgery, false claims involving RM600,000

<p>Meta Bright Group Bhd said its wholly owned subsidiary FBO Land (Serendah) Sdn Bhd and Doople Tech Sdn Bhd have entered a solar supply agreement with Cherengin Hills Sdn Bhd, following its recent collaboration with Doople to form a joint venture (JV) company to bid for renewable energy (RE) projects with a Bumiputera equity requirement.</p>
