Malakoff Corporation Bhd, a member of MMC Group, recorded RM1,604.2 million in revenue for the quarter ended 31 March 2018 (“1Q FY2018”), a decrease of 10% from RM1,781.0 million reported in the corresponding quarter ended 31 March 2017 (“1Q FY2017”). The Group also recorded lower profit before tax of RM97.0 million compared with RM174.7 million reported in 1Q FY2017, a decrease of 44.5%.
The drop in revenue was primarily attributed to lower capacity payment recorded from Segari Energy Ventures Sdn. Bhd. (“SEV”) following the reduction in tariff under the extended Power Purchase Agreement (“PPA”) effective from 1 July 2017.
Press Metal Aluminium Holdings Bhd, the largest Aluminium smelter in Southeast Asia started its financial year 2018 with firm first quarter results amidst fluctuation in raw material costs and weakening U.S. Dollar.
Revenue for the quarter closed at RM2.125 billion, a 9.9 per cent increase from Q1FY17 due to higher aluminium prices.
Damansara Realty Berhad (DBhd) announced its fourth quarter of profit, with a net profit of RM1.9 million for its first quarter ended March 31, driven by the better performance of its Integrated Facilities Management (IFM) and Property and Land Development (PLD) segments.
The Group’s first quarter revenue jumped by 40.3 per cent to RM71.2 million, from RM50.8 million in the same corresponding quarter before, DBhd said in an announcement to Bursa Malaysia.