News Formal

Malakoff posts higher earnings, revenue in 2QFY21 | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 86%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

KUALA LUMPUR, Aug 20 — Malakoff Corp Bhd’s net profit for the second quarter ended June 30, 2021 (2QFY21) increased to RM117.73 million from RM104.96 million in the same quarter last year. Revenue rose slightly to RM1.58 billion from RM1.51 billion year-on-year, while basic earnings per share...

KUALA LUMPUR, Aug 20 — Malakoff Corp Bhd’s net profit for the second quarter ended June 30, 2021 increased to RM117.73 million from RM104.96 million in the same quarter last year.

The group said the improved performance was attributed to higher contributions from the Tanjung Bin Power Sdn Bhd coal plant on the back of higher applicable coal price, as well as higher contributions from Alam Flora Sdn Bhd and foreign investments in associates. The group recommended payment of an interim dividend of 3.10 sen per ordinary share in respect of the financial year ending December 31, 2021, which will be paid on October 20, 2021.

It said Malakoff has made significant inroads in renewable energy expansion, particularly in the rooftop solar segment, in which the group has signed solar power purchase agreements with Aeon Co Bhd and DRB-HICOM.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Maybank IB cuts Dialog’s earnings forecast for FY22-23 | Malay MailKUALA LUMPUR, Aug 20 — Maybank Investment Bank (Maybank IB) has cut its earnings forecast for Dialog Group Bhd (Dialog) for financial years ending June 30, 2022 and 2023 (FY22-23) by 8.0 per cent, largely to account for the potential operational setback from further lockdowns in...
Source: malaymail - 🏆 1. / 86 Read more »

US stocks open higher, on pace for weekly losses | Malay MailNEW YORK, Aug 20 — Wall Street stocks advanced early today as investors moved to conclude a lackluster week on a positive note amid worries over global growth and the latest Covid-19 trends. Major indices are on pace for weekly losses following especially difficult sessions on Tuesday and... Peperangan, penindasan, rasuah, semua kemungkaran umat manusia dipamerkan hari ini. Kita hidup pada masa-masa yang dijelaskan dalam Hadis mengenai Akhir Zaman. Sudah tiba masanya untuk mencari Imam Al-Mahdi. Sebilangan orang sudah menjumpainya.
Source: malaymail - 🏆 1. / 86 Read more »