<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 26): Poh Huat Resources Holdings Bhd's net profit fell 6.02% to RM9.99 million for the third quarter ended July 31, 2016 (3QFY16) from RM10.63 million a year earlier, due to higher selling and distribution expenses as well as administrative expenses.</p></div>

<div class=newsTextDataWrapInner><p>The export-oriented furniture manufacturer has proposed a third interim dividend of 2 sen per share for FY16, payable on Dec 15. The ex-date is Nov 22 and the entitlement date is Nov 24.</p></div>

<div class=newsTextDataWrapInner><p>Revenue rose 11.69% to RM125.65 million from RM112.5 million, the group said in a bourse filing today.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Poh Huat said the lower-than-expected increase in profit was attributable to lower manufacturing margins for the group's export sales as US dollar selling prices for the group's products normalised against the sustained weakening of the ringgit.</p></div>

<div class=newsTextDataWrapInner><p>"Our operating margins in Vietnam were also slightly lower due to the temporary shift in the composition of mid-range products shipped during the quarter in line with the US consumers' preference," it added.</p></div>

<div class=newsTextDataWrapInner><p>Poh Huat said its net profit for the first nine months of FY16 rose 20.06% to RM28.01 million from RM23.33 million a year earlier. Revenue climbed 22.13% to RM383.17 million from RM313.75 million.</p></div>

<div class=newsTextDataWrapInner><p>At 2.59pm, Poh Huat rose 3 sen or 2% to RM1.54, for a market capitalisation of RM322.35 million.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


KUALA LUMPUR (Sept 26): Poh Huat Resources Holdings Bhd's net profit fell 6.02% to RM9.99 million for the third quarter ended July 31, 2016 (3QFY16) from RM10.63 million a year earlier, due to higher selling and distribution expenses as well as administrative expenses.

The export-orient...

Poh Huat 3Q net profit falls 6%; proposes 2 sen dividend

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Prime Minister Datuk Seri Anwar Ibrahim on Thursday emphasised the need to appoint more women as secretaries-general (KSU) of ministries and directors-general (DG) of departments.

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Amazon.com's cloud-computing arm said it would invest US$11 billion in Indiana to build data centers, marking the state's largest capital investment, and promising at least 1,000 jobs.

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Pavilion Real Estate Investment Trust (PavREIT) reported that its first quarter net property income (NPI) jumped 33.2% year-on-year, thanks largely to contribution from its newly acquired mall, Pavilion Bukit Jalil. The increase was also attributed to higher occupancy rates and higher revenue rent from its other retail malls.

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The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, pointing to still tight labour market conditions.

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The World Bank said on Thursday that Malaysia's education system still has areas for improvement, particularly in addressing learning challenges faced by children from disadvantaged backgrounds.

According to its 29th Malaysia Economic Monitor report for April 2024 entitled 'Bending Bamboo Shoots: Strengthening Foundational Skills' students, especially those in early childhood education, often lack school readiness skills.

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<p>Shares of YTL Corp Bhd rallied to a new all-time high on Thursday after Hong Leong Investment Bank (HLIB) flagged more upside even after a 42% year-to-date surge.</p>


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<p>Digital Nasional Bhd (DNB), the state-owned company in charge of the 5G network infrastructure rollout, on Thursday named five new board members, comprising senior leaders from the telecom and technology industries.</p>


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<p>Prime Minister Datuk Seri Anwar Ibrahim on Thursday denied claims that the government will issue a licence for the operation of a casino in Forest City, Johor.</p>


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<p>KUALA LUMPUR (April 25): Mega First Corp Bhd shares have likely peaked following a recent rally to new all-time highs, and investors should stop buying the stock now, Maybank Investment Bank (Maybank IB) said and downgraded the stock to ‘hold’.</p>

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<p>Housing and Local Government Minister Nga Kor Ming’s press secretary Pang Sock Tao was announced as the unity government’s candidate for the Kuala Kubu Baharu by-election on May 11.</p>


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<p>IOI Properties Group broke ground on Thursday for Senna Puteri, its latest township development located in Sepang, Selangor. The developer is looking to launch 386 units of townhouses in its first phase before the end of the second quarter.</p>

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<p>JOHOR BAHRU (April 25): The Johor branch of the Malaysian Quarantine and Inspection Services Department (Maqis) found parasitic worms Anisakis sp in samples of sardine cans from China that were brought in through the Sultan Iskandar Building (BSI) here, earlier this month.</p>


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<p>AirAsia X Bhd (AAX), which will be taking over Capital A Bhd's aviation business,&nbsp;has announced the mechanics of its plan via a bourse&nbsp;filing on Thursday.</p>


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<p>Malaysia’s consumer inflation came in lower than expected in March from a year earlier as prices of healthcare and food rose at a slower pace, official data on Thursday showed.</p>

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<p>The Malaysian Anti-Corruption Commission (MACC) has confirmed that former prime minister Tun Dr Mahathir Mohamad is among individuals under investigation by the commission.</p>


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<p>The Court of Appeal has allowed a bid by Tan Sri Muhyiddin Yassin to have a bench of five judges to hear his review application to restore his acquittal by the High Court of four of his abuse of power charges last year.</p>

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<p>KUALA LUMPUR (April 25): Malaysia requires an annual allocation of at least RM10 billion for the next three years, which is crucial to boost water infrastructure amid below-cost tariffs and high wastage, the National Water Services Commission (SPAN) said on Thursday.</p>
