Kejuruteraan Asastera Berhad (‘KAB’), a home-grown electrical and mechanical engineering specialist listed on the ACE Market of Bursa Malaysia Securities Berhad, maintained its positive momentum by registering improved year-on-year performance for its second quarter ended 30 June 2018.
During the quarter under review, KAB posted revenue of RM38.51 million, which was a 29% increase, when compared with revenue of RM29.87 million registered in the corresponding quarter a year ago. Subsequently, KAB’s profit before tax during the said quarter rose to RM4.48 million from RM2.11 million last year, marking a notable increase of 112%.
Hektar Asset Management Sdn Bhd, the Manager of Hektar Real Estate Investment Trust announced that Hektar REIT recorded a higher revenue of RM34 million for the second quarter ended 30 June 2018 (“2Q18”), up 10% from the corresponding period (“2Q17”). Net Property Income (“NPI”) reached RM19.5 million, an increase of 8% for 2Q18 from the preceding year quarter, 2Q17.
“We are pleased that our portfolio optimization exercise which is being carried out throughout all of our 6 shopping malls in our asset portfolio is showing results. This was done on top of active leasing, aggressive marketing and value creation initiatives to improve long-term yields,” said Chief Executive Officer Datuk Hisham bin Othman.
ELK-Desa Resources Bhd, a non-bank lender focused in the used-car segment, has started its 2019 financial year on a positive note due to healthy macro-economic factors and improving consumer sentiment.
For the first quarter ended 30 June 2018, the Group registered higher revenue of RM28.82 million, a 13% increase, compared to revenue of RM25.57 million registered in the corresponding quarter a year ago. Profit before tax for the said quarter increased by 55% to RM10.72 million from RM6.90 million last year, mainly due to increase in hire purchaser portfolio and significantly lower impairment allowance.