Malakoff inks MoU with police cooperative to study viability of rooftop solar projects at PDRM premises
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Aeon allocates RM251m for capex, charts digital transformation
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Allianz sees higher earnings from underwriting profits and lower expenses
PETALING JAYA: Allianz Malaysia Bhd net profits rose 8.2% to RM144.03 million in the fourth quarter ended Dec 31, 2020 from RM133.08 million registered in the same quarter of the previous year contributed by higher underwriting profit from lower management expenses and claims.
Revenue for the quarter improved 8.6% to RM1.53 billion from RM1.41 billion reported previously.
Meanwhile, the group’s net profit for the full financial year stood at RM520.33 million, a 5.6% improvement from RM492.48 million reported in the previous financial year.
Revenue for the year rose 7.4% to RM5.94 billion against RM5.53 billion reported previously.
KUALA LUMPUR (Feb 24): Based on corporate announcements and news flow today, companies in focus tomorrow (Feb 25) may include: Telekom Malaysia Bhd, VSTECS Bhd, Vitrox Corp Bhd, D&O Green Technologies Bhd, Rubberex Corp Bhd, Allianz Malaysia Bhd, Press Metal Aluminium Holdings Bhd, Inari Amertron Bhd, Aeon Co (M) Bhd, Genting Plantations Bhd, Parkson Holdings Bhd, DRB-Hicom Bhd, Hap Seng Plantations Holdings Bhd, Globetronics Technology Bhd, Dayang Enterprise Holdings Bhd, Datasonic Group Bhd, UOA Development Bhd, Prestar Resources Bhd, Tek Seng Holdings Bhd, Majuperak Holdings Bhd, AirAsia Group Bhd, Destini Bhd and LKL International Bhd.
Telekom Malaysia Bhd (TM) returned to the black in the fourth quarter ended Dec 31, 2020 (4QFY20) registering a net profit of RM259.44 million from a net loss of RM51.09 million recorded a year earlier due to lower operating costs and net other gains, the telco said. The improvement in its bottom line was despite the fact that TM saw its revenue f