<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 30): OSK Holdings Bhd's net profit for the third financial quarter ended Sept 30, 2016 (3QFY16), plunged 85.6% to RM54.9 million or 3.96 sen a share from RM381.4 million or 31.35 sen a share a year earlier.</p></div>

<div class=newsTextDataWrapInner><p>Revenue fell 1.2% to RM271.2 million from RM274.6 million, OSK Holdings said in a bourse filing today.</p></div>

<div class=newsTextDataWrapInner><p>For the cumulative nine months (9MFY16), net profit fell 64.7% to RM168.2 million from RM476.1 million in 9MFY15. Revenue more than tripled to RM929 million from RM302.2 million.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The previous period's profit included gains of RM363.2 million negative goodwill arising from the acquisitions of OSK Property Holdings Bhd and PJ Development Holdings Bhd.</p></div>

<div class=newsTextDataWrapInner><p>Going forward, OSK Holdings said the remaining period of the year will be challenging for the group.</p></div>

<div class=newsTextDataWrapInner><p>"Despite the unfavourable economic climate in Malaysia, the board expects the group to achieve satisfactory results," it added.</p></div>

<div class=newsTextDataWrapInner><p>At 3.24pm, OSK Holdings remained unchanged at RM1.45 with 198,800 shares transacted for a market capitalisation of RM1.98 billion.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


KUALA LUMPUR (Nov 30): OSK Holdings Bhd's net profit for the third financial quarter ended Sept 30, 2016 (3QFY16), plunged 85.6% to RM54.9 million or 3.96 sen a share from RM381.4 million or 31.35 sen a share a year earlier.

Revenue fell 1.2% to RM271.2 million from RM274.6 million, OSK...

OSK Holdings sees 85.6% plunge in 3Q net profit

KUALA LUMPUR (April 30): The  Genting group companies' operations have recovered from the impact of the pandemic, and its earnings ar expected to further grow, albeit more gradually, according to S&P Global Ratings.

In a statement on Monday, the rating agency said it expects Ge...

S&P: Genting's operations have recovered from impact of pandemic, earnings to further grow

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<p>Following reports that over 100 KFC outlets have been temporarily closed after about half a year of boycott movement, QSR Brands (M) Holdings Bhd and KFC Holdings (M) Bhd (KFC Malaysia) said they suspended the operations of the outlets to manage increasing business costs amid challenging economic conditions, and to focus on high engagement trade zones.&nbsp;</p>


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<p>KUALA LUMPUR (April 30): Here is a brief recap of some business news and corporate announcements that made the headlines on Monday (April 29):</p>

<p>QSR Brands and KFC Malaysia confirmed it suspended operations of its outlets to manage costs, amid news that over 100 of its outlets have ceased...

QSR Brands, Nestle, ViTrox, LPI Capital, Ajiya, YTL REIT, Tex Cycle, Gadang, HHRG, Sapura, MSC, Capital A, BSL, Oppstar

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Gadang fails in appeal to EPU for Bumi equity waiver to buy Kwasa Damansara land

<p>Sapura Energy Bhd has landed a five-year contract from PTTEP Sabah Oil Ltd and PTTEP Sarawak Oil Ltd to provide underwater services.</p>


Sapura Energy bags underwater service contract from Thai-owned PTTEP group

<p>SEPANG (April 29): The Malaysian Aviation Commission (Mavcom) does not expect any further delays to the implementation of the Airports Quality of Services (QoS) Framework at the Kuala Lumpur International Airport (KLIA) beyond this year. &nbsp;</p>


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<p>YNH Property Bhd on Monday made a belated announcement about transactions involving its 6.49-acre land in Segambut, which it had inked an agreement in September last year to sell for RM59.58 million but revoked last week to have Chin Hin&nbsp;Group Property Bhd develop the plot in return for at least RM52 million.</p>


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<p>Here’s a quick look at some of the stories that made headlines today.</p>


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<p>YTL Hospitality REIT (YTL REIT) is planning to develop a hotel in Hokkaido, Japan, for an estimated total cost of RM199 million.</p>


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<p>Kossan Rubber Industries Bhd has clarified that the fire at a paint factory in Meru Industrial Park, Klang on Monday (April 29) had no impact on operations at its rubber glove factories.</p>


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<p>The Malaysian government is committed to ensuring that investments made by the Armed Forces Fund Board (LTAT) in domestic and international companies yield consistent and robust returns, according to Defence Minister Datuk Seri Mohamed Khaled Nordin.</p>


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<p>AirAsia X Bhd’s (AAX) passenger load factor rose to 83% in the first quarter of this year (1Q2024), from 80% in the same period a year earlier, driven by robust travel demand.&nbsp;</p>


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<p>Printed circuit board (PCB) company BSL Corp Bhd saw Doris Wong Sing Ee emerge as its substantial shareholder after Wong acquired 97 million BSL shares, raising her stake in the company to 7.104%.</p>


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<p>All routes along the Malaysia-Thailand border area in the districts of Tak Bai, Sungai Golok, and Weng have been temporarily closed following a bomb explosion and shooting incident that injured four police officers.</p>


Malaysia-Thailand routes in Tak Bai, Sungai Golok, and Weng temporarily closed

<p>KUALA LUMPUR (April 30): The&nbsp; Genting group companies' operations have recovered from the impact of the pandemic, and its earnings ar expected to further grow, albeit more gradually, according to S&amp;P Global Ratings.</p>

<p>In a statement on Monday, the rating agency said it expects Ge...

<p>The implementation of the water tariff adjustment for domestic category as of Feb 1 this year, is vital to improve and enhance the country's water supply system.</p>
