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Axiata posts revenue of RM22bil for FY23

Telecommunications giant Axiata Group Bhd has announced it will be exiting the Myanmar market after posting a net loss of RM1.99bil for the financial year ended Dec 31, 2023 (FY23) on a turnover of RM22bil, compared to a net profit of RM9.75bil the year before.

Petaling , Malaysia-general- , Malaysia , Nepal , Bangladesh , Indonesia , Sri-lanka , Shahril-ridza-ridzuan , Celcomdigi-bhd , Axiata-group-bhd , Nepal-ncell-axiata-ltd , Axiata-group

Capital A expects a strong final quarter

Capital A Bhd expects a strong final quarter to conclude 2023 and remains confident that it will deliver its true performance next year.

China , Malaysia , Petaling , Malaysia-general- , Bursa-malaysia , Corporate-news , Capitala , Travelseason , Visa-free , Netloss , Revenue

PLS plans to pursue other cash crops

PLS Plantations Bhd will continue with its sanitation and rehabilitation works as well as good plantation practices to improve the production yield of its oil palm estates and matured durian plantation.

Petaling , Malaysia-general- , Malaysia , Bursa-malaysia , Corporate-news , Plsplantations , Cashcrops , Plantation , Netloss , Revenue ,

MHB eyes renewable energy contracts

Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) is looking to secure renewable energy and decarbonisation-related contracts to sustain and grow its order book, says TA Research.

Malaysia , Petaling , Malaysia-general- , Engineering-holdings-bhd , Ta-research , Malaysia-marine , Heavy-engineering-holdings , Corporate-news , Mhb , Renewableenergy , Decarbonisation

MMHE posts second-quarter net loss of RM388mil

Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) sank into the red in the second quarter ended June 30, 2023 (2Q23).

Kuala-lumpur , Malaysia , Engineering-holdings-bhd , Malaysia-marine , Heavy-engineering-holdings , Corporate-news , Mmhe , Netloss , Additionalcostprovisions , Heavyengineeringsegment , Revenue

Sealink issued with 'going concern' audit opinion

Shipbuilder Sealink International Bhd says its independent auditor Grant Thornton Malaysia PLT has issued an audit opinion related to the group’s ability “to continue as a going concern”.

Malaysia , Petaling , Malaysia-general- , Shipbuilder-sealink-international-bhd , Shipbuilder-sealink-international , Grant-thornton-malaysia , Bursa-malaysia , Grant-thornton , Corporate-news , Sealink , Independentauditor

Competition, lower revenue hit Pos Malaysia growth prospects

Pos Malaysia Bhd’s growth prospects remain uncertain as its conventional mail business continues to struggle to stay relevant amid fierce competition in the local courier service sector, analysts say.

Malaysia , Petaling , Malaysia-general- , Kenanga-research , Hong-leong-investment-bank , Pos-malaysia , Nationwide-express , Ninja-van , Corporate-news , Posmalaysia , Netloss