Live Breaking News & Updates on Universiti teknologi petrona
Stay updated with breaking news from Universiti teknologi petrona. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Double wins for Sime Darby and Petronas at IChemE Malaysia Awards thechemicalengineer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thechemicalengineer.com Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR (Feb 25): UEM Edgenta Bhd’s net profit for the financial year ended Dec 31, 2020 (FY20) dropped to RM13.46 million, compared with RM181.78 million registered in the preceding year. Revenue slipped to RM2.04 billion from RM2.41 billion previously, the asset management and infrastructure solutions company said in a filing with Bursa Malaysia today. Excluding the one-off RM50 million impairment undertaken in the first half of FY20 — as part of the efforts to restructure and rationalise non-core businesses compounded by the challenging global economy — it registered normalised net profit of RM64.9 million. It said the company’s balance sheet also remained healthy with a low gross gearing ratio of 0.32 times, strong net cash position and a bank balance of RM206.1 million.