<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 17): An increase in foreign exchange gain and higher sales lifted Samchem Holdings Bhd's first quarter net profit by 61.96% to RM8.11 million, from RM5.01 million a year ago.</p></div>

<div class=newsTextDataWrapInner><p>Earnings per share for the quarter ended March 31, 2018 rose to 2.98 sen from 1.84 sen, Samchem said in a filing with Bursa Malaysia today.</p></div>

<div class=newsTextDataWrapInner><p>Quarterly revenue climbed 20.8% year-on-year to RM262.83 million from RM217.57 million on higher sales volume.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The board has declared a first interim single-tier dividend of one sen per share, payable on a date that would be announced later.</p></div>

<div class=newsTextDataWrapInner><p>Moving forward, Samchem expects its performance to be positive, driven by continued cost reduction measures, increased operational efficiency and growth in sales.</p></div>

<div class=newsTextDataWrapInner><p>Its share price closed down two sen or 1.91% at RM1.03 for a market capitalisation of RM282.88 million.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


KUALA LUMPUR (May 17): An increase in foreign exchange gain and higher sales lifted Samchem Holdings Bhd's first quarter net profit by 61.96% to RM8.11 million, from RM5.01 million a year ago.

Earnings per share for the quarter ended March 31, 2018 rose to 2.98 sen from 1.84 sen, Samche...

Higher forex gain, sales lift Samchem's 1Q net profit by 62%

WASHINGTON (April 26): Ukrainian President Volodymyr Zelenskiy called on Friday for additional air defence systems to be sent to Kyiv to help protect against Russian strikes, adding that a pause in US funding had helped Moscow seize the initiative.

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KNM Group Bhd said it is seeking court sanction for a new scheme of arrangement with its creditors. The PN17 group is also seeking a further extension of time to submit its regularisation plan.

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The Employees Provident Fund (EPF) has emerged as the second largest shareholder of aero-engine components manufacturer Sam Engineering & Equipment (M) Bhd, after Singapore's sovereign wealth fund Temasek Holdings Pte Ltd.

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US equity funds registered their fourth successive weekly outflows in the week ended April 24, hit by fading expectations for rate cuts this year.

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HULU SELANGOR (April 28): The Ministry of Health (MOH) stands by its decision to amend the Medical Act 1971 (Act 50) to bridge the gap between the parallel pathway programme (PPP) and the local medical degree programme, despite objections from some parties.

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US monthly inflation rose moderately in March, but stubbornly higher housing and transportation costs suggested the Federal Reserve could keep interest rates elevated for a while.

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The country’s fifth-generation (5G) network adoption rate has reached nearly 36% as of mid-April, while the service coverage rate stood at 80.3% in February.

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Fast-fashion firm Shein has been drawn under the scope of flagship European Union (EU) rules designed to clamp down on illegal and harmful content online, aimed at stopping the spread of counterfeit items on the platform.

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Anglo American rejected rival miner BHP Group's £31.1 billion pound (RM186 billion) takeover proposal on Friday, saying the bid significantly undervalued the London-listed miner and its future prospects.

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HOUSTON/BENGALURU (April 26): Oil giant Chevron Corp beat estimates for first-quarter profit on Friday, as higher production volumes in the US helped offset a hit from weak natural gas prices and fuel margins.

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