KUALA LUMPUR: Manulife Holdings Bhd has outperformed the market despite industry declines, recording a growth of 1.3% in 2022 against the previous year.
KUALA LUMPUR (Feb 23): Based on corporate announcements and news flow today, companies in focus tomorrow (Feb 24) may include: Nestle (M) Bhd, Petronas Chemicals Group Bhd, Perak Transit Bhd, IOI Corp Bhd, Leong Hup International Bhd, Sunway Construction Group Bhd, Petron Malaysia Refining & Marketing Bhd, ATA IMS Bhd, Syarikat Takaful Malaysia Keluarga Bhd, Manulife Holdings Bhd, Frontken Corp Bhd, Samchem Holdings Bhd, Berjaya Sports Toto Bhd, Supermax Corp Bhd, Genting Malaysia Bhd and AT Systematization Bhd.
Nestle (M) Bhd s (Nestle Malaysia) net profit for the fourth quarter ended Dec 31, 2020 ticked up 0.5% to RM132.47 million from RM131.82 million a year earlier. The group said its revenue registered a 3.1% increase to RM1.37 billion from RM1.33 billion a year ago, underpinned by sales in Out-of-Home channels as restrictions eased in the second half of the year under the Recovery Movement Control Order. Earnings per share increased marginally to 56.5 sen from 56.21 sen prev
KUALA LUMPUR (Feb 23): Manulife Holdings Bhd’s net profit jumped 71.4% to RM23.41 million for the fourth quarter ended Dec 31, 2020, from RM13.66 million a year ago, boosted by gains from its equity investments.
Earnings per share soared 67.8% to 11.31 sen from 6.74 sen, the group said in an exchange filing today.
The group said quarterly revenue rose 19.02% to RM531.38 million, from RM446.48 million a year earlier.
The board recommended a first and final dividend of seven sen per share, and shareholders may elect to reinvest their dividend in new shares.
Manulife said it registered net realised gains of RM55.9 million in the quarter, compared with RM29.76 million a year earlier, while net fair value gains increased to RM150.67 million from RM32.73 million.