IHH Healthcare consolidates its interest in Acibadem Saglik Yatirimlari Holding A.S.

 |  Tuesday, 09 October 2018 13:16  |  Published in CORPORATE

IHH Healthcare Bhd, a leading premium global healthcare provider, announced yesterday that it will increase its majority equity interest in its existing Turkey subsidiary, Acibadem Holding, from 60% to approximately 90%, pursuant to the shareholders’ agreement (SHA) which was entered into in connection with IHH’s acquisition of a 60% equity interest in Acibadem Holding in 2011.

Under the SHA, Mehmet Ali Aydinlar and his wife Hatice Seher Aydinlar (collectively, “Aydinlar”) have the option to convert up to 15% equity interest held by them in Acibadem Holding into new IHH shares for a period of 10 years from 24 January 2012 (Aydinlar Option).

Prestariang Reports Higher Revenue in 2QFY18

 |  Friday, 05 October 2018 10:48  |  Published in CORPORATE

Technology and Talent Platform Innovator, Prestariang Bhd registered a higher revenue of RM55.9 million for its second quarter results (2QFY18) ended June 30, 2018.compared to RM55.2 million recorded in previous year corresponding quarter.

The higher revenue of RM0.7 million or 1% increase was mainly contributed by Concession revenue of Sistem Kawalan Imigresen Nasional (“SKIN”) project. The revenue was recognised based on the stage of completion at the end of the reporting period. The stage of completion is determined by reference to the proportion of costs incurred for work performed to date over the estimated total costs.

Aeon Credit Posts Steady Results for Its 2QFY19 Recording RM332.1 Million in Revenue

 |  Friday, 05 October 2018 10:46  |  Published in CORPORATE

AEON Credit Service (M) Berhad announced its financial results for the second quarter ended 31 August 2018 (“2QFY19”) posting RM332.1 million in revenue, a marginal increase of 6.7% as compared to RM311.3 million recorded in the preceding year’s corresponding quarter ended 31 August 2017 (“2QFY18”).

Accordingly, both Profit Before Tax (“PBT”) and Profit After Tax (“PAT”) posted an increase of 11.9% at RM107.2 million and 13.0% at RM80.6 million respectively for 2QFY19 as compared to RM95.8 million and RM71.4 million recorded for 2QFY18.

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