<div class=newsTextDataWrapInner><p>KUALA LUMPUR: Kejuruteraan Samudra Timur Bhd (KSTB) has been awarded a two-year contract by MDC Oil &amp; Gas (SK320) Ltd to provide tubular running equipment and services.</p></div>
<div class=newsTextDataWrapInner><p>In a statement to Bursa Malaysia yesterday, KSTB said the contract is expected to contribute positively to the revenue and future earnings of KSTB group.</p></div>
<div class=newsTextDataWrapInner><p>“There is no indication on the value of the contract in the award and it is subjective depending on the activities by MDC throughout the contract period,” the company said.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>
<div class=newsTextDataWrapInner><p>It added that the contract is not expected to have any immediate effect on the earnings per share for the financial year ending June 30, 2013.</p></div>

KUALA LUMPUR: Kejuruteraan Samudra Timur Bhd (KSTB) has been awarded a two-year contract by MDC Oil & Gas (SK320) Ltd to provide tubular running equipment and services.
In a statement to Bursa Malaysia yesterday, KSTB said the contract is expected to contribute positively to the revenue and future earnings of KSTB group.
“There is no indication on the value of the contract in the award and it is subjective depending on the activities by MDC throughout the contract period,” the company said.
It added that the contract is not expected to have any immediate effect on the earnings per share for the financial year ending June 30, 2013.

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<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday.</p>


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<p>Shares of Hup Seng Industries Bhd (KL:HUPSENG) climbed to their highest in nearly three years after the biscuit maker reported that its net profit surged 45% year-on-year in the first quarter.</p>


<p>Shares of S P Setia Bhd (KL:SPSETIA) soared to their highest in nearly six years after the property developer reported a 39% year-on-year gain in net profit for the first quarter of the year.</p>


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<p>Shares of Malaysian Pacific Industries Bhd (KL:MPI) climbed to their highest in 15 months after the semiconductor company returned to the black in the three months ended March 31, 2024.</p>


<p>Shares of Hong Leong Industries Bhd (KL:HLIND) climbed to near their record high on Friday after the motorcycle assembler reported a 51% year-on-year jump in net profit for the three months ended March 31.</p>


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<p>US parcel delivery giant UPS has enlisted the asset management arm of Wall Street titan Goldman Sachs to manage its US$43.4 billion (RM203.3 billion) pension fund assets in the US and Canada, the investment bank said on Thursday.</p>


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