Damansara Realty Bhd moved into profitability after three consecutive years of loss, recording a profit after tax of RM17.8 million for its financial year ended 31 December 2017, against a net loss of RM27.8 million last year. Revenue from its three main core segments increased by 36 percent to RM249.4 million against RM183.2 million in 2016.
The Group’s outstanding performance is attributed to the successful implementation of its turnaround programme that was introduced in November 2016 by the incoming Group Chief Executive Officer, Ts. Brian Iskandar Zulkarim.
Kejuruteraan Asastera Berhad (KAB), a home-grown electrical and mechanical engineering specialist listed on the ACE Market of Bursa Malaysia Securities Berhad (Bursa Securities), yesterday announced that it recorded a revenue of RM31.32 million and profit after tax of RM1.43 million for the fourth quarter ended 31 December 2017.
On a cumulative perspective, KAB recorded revenue of RM114.55 million and profit after tax of RM6.78 million in the 12-month ended 31 December 2017.
QES Group Bhd expects to raise RM28.82 million under its proposed listing on the ACE Market of Bursa Malaysia Securities.
QES’s core business is the distribution of inspection, test and measurement equipment, materials and engineering solutions. QES also manufactures optical inspection equipment, automated handling equipment and advanced wafer measurement system.