2021-05-21 05:23:38
•* Sunway Construction Group Bhd's (SunCon)* net profit for the first quarter ended March 31, 2021 rose 23.8% to RM20.24 million from RM16.35 million a year ago, underpinned by higher construction revenue and improved blended margin due to its precast segment. Revenue grew 24.43% to RM455.2 million from RM365.83 million.
•* Genetec Technology Bhd* has secured RM41.2 million in new orders from existing customers. The group said RM35.3 million of the orders come from electric vehicle and battery players, and RM5.9 million from hard disk drive, electronics and semiconductor players.
•* AirAsia X Bhd (AAX)*, the low-cost long-haul affiliate of AirAsia Group Bhd, posted its largest quarterly net loss of RM5.67 billion for the quarter ended March 31, 2021 as revenue shrank 29.6% quarter-on-quarter to RM38.49 million as the majority of its aircraft fleet remained grounded since mid-April last year amid Covid-19, apart from a limited number of cargo and charter flights. The bigger net loss was mainly dragged by its other operating expenses, which amounted to RM5.21 billion, versus RM45.06 million in the preceding quarter.
•* Heineken Malaysia Bhd* achieved 29% growth in net profit to RM73.53 million for the first quarter ended March 31, 2021, versus RM56.96 million a year ago. Revenue rose 6.17% to RM547.738 million from RM515.887 million, due to the gradual adaptation by businesses and consumers to the new normal, easing of restrictions in March 2021, and effective execution of various campaigns.
•* UOA Real Estate Investment Trust's (UOA REIT)* net rental income for the first quarter ended March 31, 2021 surged 60% to RM22.69 million from RM14.51 million a year earlier, due to higher gross rental. The commercial REIT said its quarterly revenue rose 49% to RM29.6 million from RM19.91 million on the back of higher interest and other incomes.
•* Sarawak Cable Bhd* is selling a helicopter for RM35.18 million to partially pay off its debts. Following the disposal, the group's borrowings would decline to RM501.12 million from RM534.21 million as of Dec 31, 2019.
•Trading of shares in rice and sago sticks manufacturer *Eka Noodles Bhd* will be suspended from May 31, after Bursa Malaysia Securities rejected its application for a further extension of time to submit its revised proposed regularisation plan.
•* InNature Bhd*, the retailer and distributor of The Body Shop and Natura products, saw its net profit for the first quarter ended March 31, 2021 jump 85.34% to RM5.09 million from RM2.75 million in the corresponding financial quarter a year ago.
•* Berjaya Sports Toto Bhd’s (BToto)* net profit for the third quarter ended March 31, 2021 plunged 61.6% to RM18.68 million from RM48.61 million a year ago, dragged by its subsidiary Sports Toto Malaysia Sdn Bhd, but was partly mitigated by better performance achieved by its UK luxury auto retailing business H.R. Owen Plc. Quarterly revenue fell 15.83% to RM1.12 billion from RM1.33 billion previously.
•* M3 Technologies (Asia) Bhd* said two shareholders have filed a lawsuit to stop the mobile services provider from undertaking an employees share option scheme (ESOS) or any other corporate exercise that will serve to dilute their shareholding. The two substantial shareholders are Lim Seng Boon, who stepped down as the group's managing director three months ago, and Voon Sze Lin. They have a combined shareholding of 13.5% in M3 Tech, with Lim controlling a 7.4% stake and Voon holding a 6.15% stake.
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