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KUALA LUMPUR (May 28): Rubberex Corp (M) Bhd s net profit for the first quarter ended March 31, 2021 (1QFY21) surged nine times to a record high of RM86.57 million from RM9.26 million a year ago, on higher demand for glove products and higher average glove selling prices.
Its quarterly revenue also jumped more than two times to RM175.24 million, from RM66.43 million a year ago, its filing to Bursa Malaysia showed.
The group did not declare any dividend for the latest quarter.
The group said its reported profit included a gain of RM5.9 million from the dissolution and deregistration of Rubberex (Hong Kong) Ltd, a wholly-owned subsidiary of the company, from the Companies Registry of Hong Kong in February.
KUALA LUMPUR (March 9): Based on corporate announcements and news flow today, companies in focus on Wednesday (March 10) may include: Malaysian Resources Corp Bhd (MRCB), Serba Dinamik Holdings Bhd, Kanger International Bhd, Top Glove Bhd, Star Media Group Bhd, KESM Industries Bhd, MMAG Holdings Bhd, Scientex Bhd, Media Prima Bhd, Komarkcorp Bhd, Daibochi Bhd and Complete Logistics Services Bhd.
Malaysian Resources Corp Bhd (
MRCB) is set to make its mark in New Zealand via a partnership with Panuku Development Auckland to develop the Aotea Central Over Station Development with a gross development value of RM1.3 billion (NZ$452 million) in Auckland City Centre. The urban regeneration development above City Rail Link s Aotea Station spreads across 1.08 acres with a total gross floor area of approximately 45,292 square metres.