KUALA LUMPUR: Companies that recently made headlines include Sapura Energy, EWI, Al-‘Aqar Healthcare REIT, Scientex Packaging, Cuscapi, MyEG and UMW, said Apex Securities Research.
Sapura Energy Bhd third quarter 2024 for the period ended Oct 31, 2023 posted a net profit of RM30.89mil, three times net profit of RM10.18mil in the same quarter in 2022.
Eco World International Bhd’s (EWI) net loss narrowed to RM37.69 million for the fourth quarter ended Oct 31, 2023 (4QFY2023) from RM95.73 million the year before, due to a forex gain of RM15.53 million, compared to a forex loss of RM5.33 million in 4QFY2022 because of the stronger British pound against the ringgit.
Engineering services provider AWC Bhd has obtained shareholders’ approval to buy the remaining 49% equity interest in automated waste collection systems specialist Stream Group Sdn Bhd not already owned by AWC from Premium NXL Sdn Bhd (PNSB).
Johor Corp-linked Al-‘Aqar Healthcare REIT is disposing of its land and buildings of Jeta Gardens Aged Care Facility in Australia for A$24.2 million (RM74.9 million) cash to Principal Healthcare Finance Pty Ltd.
Scientex Packaging (Ayer Keroh) Bhd’s net profit shrank by 37.2% to RM7.71 million in the first quarter ended Oct 31, 2023 (1QFY2024) from RM12.28 million a year ago due to lower revenue and higher electricity costs.
Point-of-sale systems provider Cuscapi Bhd, in which MyEG Services Bhd founder Wong Thean Soon has a shareholding of close to 31%, has sold off the entire 12.08 million shares it holds in MyEG for RM11.11 million cash.
UMW Holdings Bhd’s automotive sales increased by 8% to 42,315 units in November compared with 39,034 units a year earlier, lifted by sales from its associate company Perusahaan Otomobil Kedua Sdn Bhd (Perodua).