Eversendai Confident of Upward Profit Trend

 |  Tuesday, 28 February 2017 10:11  |  Published in MARKETS

Kuala Lumpur, Feb 28 - Eversendai Corporation Bhd recorded a revenue of RM1.57 billion and a pre-tax loss of RM248.0 million for the yr ended December 2016. 

The losses incurred during the 2016 financial year were mainly due to impairment on fair value of financial assets, provision of doubtful debts, higher costs resulting from delay in project funding as well as low utilisation of the fabrication facility due to exceptionally slow recovery of the oil and gas industry.

Scomi Group Revenue Rises 27%

 |  Monday, 27 February 2017 12:40  |  Published in MARKETS

Petaling Jaya, Feb 27 - Scomi Group Bhd posted a revenue of RM224.6 million for the quarter ended 31 December 2016 (Q3 FY2017), up from RM176 million in the previous quarter ended 30 September 2016 (Q2 FY2017). 

Its Oilfield Services (“OFS”) unit contributed 56% of the total revenue, while Transport Solutions and Marine Services accounted for 25% and 19% respectively. 

Cahya Mata Sarawak Reports Stable Earnings

 |  Monday, 27 February 2017 12:36  |  Published in MARKETS

Kuching (Sarawak), Feb 27 -  Cahya Mata Sarawak Bhd (CMSB), the State’s leading infrastructure facilitator, reported a total revenue of RM1.55 billion and pre-tax profit (PBT) of RM302.14 million for FY2016. Revenue and PBT decreased by 13% and 22% in comparison to the preceding year’s (FY2015) record result of RM1.79 billion and RM388.60 million.

 The Group, however, recorded a strong recovery in profits during the second half of 2016 (2H2016) with PBT of RM236.47 million in comparison to the first half of 2016’s (1H2016) PBT of RM65.67 million.

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