Petronas Dagangan Berhad Registers Record Profit In 34 Years

 |  Thursday, 20 April 2017 10:09  |  Published in CORPORATE

Kuala Lumpur, April 20 - Petronas Dagangan Berhad (PDB) wrapped up the financial year ended 31 December 2016 with a record profit before tax of RM1,212.3 million, an increase of RM129.9 million as compared to the corresponding year. 

This was achieved through the Company’s Winning Formula which anchors on sound strategies, offering superior products and services, supported by an energised workforce. 

Scomi Forms A Joint Venture To Expand Into Hydro And Wind Power Industries 

 |  Thursday, 20 April 2017 10:08  |  Published in CORPORATE

Petaling Jaya, April 20 - Scomi Group Bhd through its wholly-owned subsidiary, Scomi International Private Limited (SIPL) yesterday entered into a Joint Venture Agreement with South Asia Logistics Services Limited (SALS) and Emir Equity Sdn Bhd (EESB). 

SALS and EESB are the shareholders of Imartek Sdn Bhd which owns a plant that manufactures core components of hydro turbines and generators. 

Malakoff’s Revenue Increased 15% In Fy2016

 |  Thursday, 20 April 2017 10:05  |  Published in CORPORATE

Kuala Lumpur, April 20 – Malakoff Corporation Berhad recorded an increase of 15% in revenue to RM6,098.4 million in financial year 2016 from RM5,302.0 million in financial year 2015 (“FY2015”). This increase came on the back of the revenue contribution by Tanjung Bin Energy Sdn Bhd pursuant to the commencement of its commercial operation on 21 March 2016.

The Group turned in a profit after tax and minority interest (“PATMI”) of RM355.5 million, a 21% decline from RM452.4 million in FY2015. The decrease in PATMI was due to additional depreciation resulting from the change in estimate of residual values of gas-fired power plants, plus a lower contribution from Port Dickson Power Berhad due to lower tariff of the extended Power Purchase Agreement (“PPA”).

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