<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Feb 23): Shares of Malaysia Smelting Corp Bhd dropped 4.97% this morning after the tin miner and metal producer posted a net loss for its fourth quarter ended Dec 31, 2017 (4QFY17).</p></div>

<div class=newsTextDataWrapInner><p>At 10.15am, the stock fell 17 sen to RM3.25, with a thin trade of 67,800 shares exchanging hands.</p></div>

<div class=newsTextDataWrapInner><p>Yesterday, the group posted a net loss of RM13.36 million in 4QFY17 compared with a net profit of RM2.38 million a year ago. Loss per share was at 13.4 sen compared with earnings per share of 2.4 sen.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Quarterly revenue declined 9% to RM318.52 million in 4QFY17 from RM350.14 million in 4QFY16, mainly due to lower sales quantity of refined tin and lower tin prices in the current quarter under review.</p></div>

<div class=newsTextDataWrapInner><p>It additionally proposed a final dividend of 4 sen per share, representing a dividend payout of 25% of FY17 net profit.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


KUALA LUMPUR (Feb 23): Shares of Malaysia Smelting Corp Bhd dropped 4.97% this morning after the tin miner and metal producer posted a net loss for its fourth quarter ended Dec 31, 2017 (4QFY17).

At 10.15am, the stock fell 17 sen to RM3.25, with a thin trade of 67,800 shares exchanging ...

Malaysia Smelting Corp down 4.97% after posting 4Q net loss

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Sapura Energy not out of the woods yet as large debts still in its way

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<p>Construction and engineering contractor Crest Builder Holdings Bhd said it had secured a condominium project valued at RM486 million in Mont Kiara. &nbsp;</p>

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<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday.</p>


KomarkCorp, Topmix, PavREIT, Axis REIT, KIP REIT, Cypark, Crest Builders, Capital A, Gadang, Haily, DXN, Inta Bina, Comfort Gloves, AHB

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<p>KomarkCorp Bhd, which lost its defamation suit against The Edge Communications Sdn Bhd in the High Court last month, is appealing against the court's decision, which found that the media company had not defamed it in an article about the manipulation of penny stocks that was published nearly three years ago.</p>


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<p>Comfort Gloves Bhd said there was a fire at the glove maker’s newly-built three storey warehouse and packing department in Taiping, Perak on Tuesday morning.</p>

<p>“The cause of the fire and the actual extent of the damage are currently still unknown, pending the completion of police investigations into the fire and issuance of their report,” the group said in a bourse filing.</p>


Comfort Gloves reports fire at new Taiping warehouse

<p>While the opening of The Exchange TRX is anticipated to intensify competition in the malls sector, Pavilion Real Estate Investment Trust (PavREIT) said footfalls at its malls nearby — Pavillion KL and the connected Pavilion Elite — remain unaffected, and they are still enjoying over 95% occupancy rates.</p>


PavREIT says Pavilion KL, Elite's footfalls unaffected by opening of TRX mall

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<p>Matrix Concepts Holdings Bhd unveiled the second phase of Resort Villa in Bandar Sri Sendayan, Seremban last Friday (April 19).</p>


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