Strategic Partnerships Drive Titijaya’s Growth

 |  Friday, 24 February 2017 12:43  |  Published in MARKETS

Kuala Lumpur, Feb 24 – Titijaya Land Bhd, a Malaysian property developer listed on the Main Market of Bursa Malaysia Securities, announced a 16% increase in its profit after tax (“PAT”) at RM20.4 million for the second quarter ended December 31, 2016 (Q2FY2017), as compared to the RM17.6 million registered in the corresponding period last year. 

The increment was mainly due to higher profit recognition from H2O, 3Elements and Embun projects (“Projects”). The Projects have an estimated gross development value (“GDV”) of RM793.99 million, RM435 million and RM98 million respectively.

AirAsia X Records First Full Year Net Profit Since IPO

 |  Thursday, 23 February 2017 10:21  |  Published in MARKETS

SEPANG, Feb 23 – AirAsia X Bhd yesterday reported its financial results for the Fourth Quarter (“4Q16”) and Full Financial Year ended 31 December 2016.

AAX posted a quarterly revenue of RM1.17 billion, up 39% from the same quarter last year. The strong revenue recorded was on the back of a 40% year-on-year (“YoY”) growth in the number of passengers carried to 1.38 million which was in line with the 44% Available Seat per Kilometer (“ASK”) capacity growth, allowing the Company to record a load factor of 81%.

Pharmaniaga Posts PAT of RM46 million for FY2016

 |  Tuesday, 21 February 2017 11:26  |  Published in MARKETS

KUALA LUMPUR, Feb 21 – Pharmaniaga Bhd recorded a profit after tax of RM46 million for its financial year ended 31 December 2016. Profit before tax (PBT) stood at RM72 million while revenue came in at RM2.2 billion. 

The Manufacturing Division remained the core contributor for the year, posting a PBT of RM87 million. However, this was lower than the previous year, primarily due to lower offtake for in-house products under the concession business.

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