Crest Builder Holdings Berhad (“Crest Builder” or “the Group”), today released its second quarter results for the financial year ending 31 December 2017 (“Q2FYE2017”) with a revenue of RM110.7 million, which translated to a 104.2% increase compared to its corresponding quarter last year (“Q2FYE2016”) of RM54.2 million.

In line with its revenue growth, the Group reported a pro¬fit before tax (“PBT”) of RM11.5 million and a pro¬fit after tax (“PAT”) of RM7.7 million. PBT and PAT both surged 228.5% and 99.7% respectively as compared to Q2FYE2016, with earnings per share (“EPS”) more than doubling from 2.0 sen to 4.2 sen.

The significant increase in both the Group revenue and profit was due to the higher construction contribution which recorded a revenue of RM75.6 million and PBT of RM5.7 million for Q2FYE2017 compared to a revenue of RM32.4 million and loss before tax (“LBT”) of RM0.7 million for the corresponding Q2FYE2016. The increase in both revenue and PBT was due to higher progressive construction progress recognised from certain projects during Q2FYE2017.

The higher Group revenue and profit was also contributed by the stronger property division which achieved a stronger revenue and PBT of RM19.3 million and RM3.0 million respectively for Q2FYE2017 compared to a revenue of RM5.6 million and PBT of RM1.9 million for Q2FYE2016. This translated to an increase in revenue of 244.6% and PBT of 57.9%, which were due to the higher sales generated from both completed projects and a new development project, Batu Tiga Phase 2 (Residensi Hijauan) launched since the third quarter of the previous financial year.

“The Group has had an exemplary performance for the first half of the financial year and remains optimistic of its prospects driven by the growing performance of the construction and property development divisions. As at to date, the total contract value of all current construction jobs stands at approximately RM1.3 billion which will continue to contribute significantly to our top and bottom line. We are confident that the on-going development of our businesses will continue to deliver value to our shareholders.” commented Mr. Eric Yong, Group Managing Director of Crest Builder Holdings Berhad.

The World Tourism Organisation has appointed Kerjaya Prospek Group Berhad (“Kerjaya Prospek”) as the organiser and Kerjaya Prospek Property Sdn. Bhd. as the co-sponsor for Miss Tourism World 2017-18 Final at an official signing ceremony held today. The Miss Tourism World 2017-18 Final is slated to take place in Malaysia on January 27th 2018 at The Shore @ Malacca River.

Since 1945, the Tourism World Organisation has been creating pageant history and is set to do so again this year in partnership with Kerjaya Prospek in Malaysia. The core emphasis of the Miss Tourism Pageant has always been to offer our pageants as a tool to promote tourism, eco-tourism, health and beauty around the world.

Commenting on this appointment, Kerjaya Prospek’s Executive Chairman, Datuk Tee Eng Ho said, “This is the second time we are involved in the Miss Tourism World Final and I believe it will greatly benefit us as we seek to build Kerjaya Prospek’s branding. It is truly an honour to be associated with such an internationally recognised organisation.”

KUALA LUMPUR, 2 AUGUST 2017 – THONG GUAN INDUSTRIES BERHAD (“TGUAN” or “the Group”), today has officially launched its maiden Marché Mövenpick franchise located at level 1 of Pavilion Mall.

Marché is a global company with Swiss roots that develops innovative culinary solutions, bringing the Interactive European marketplace ambiance and Market cuisine evolved with a modern twist. The brand focuses on maximum freshness, quality and taste through its live cooking station using fresh and quality ingredients.

Marché classics are the crunchy salad and crisp Swiss rösti. In addition, the restaurant offers an array of other European treats as well as delicious meat from the grill, freshly caught seafood, refined focaccia sandwiches, sweet and savory crêpes, and homemade baked goods like irresistible Belgian waffles. This delightful assortment is completed by a wide selection of fresh juices, coffee, teas and other refreshing beverages.

Thong Guan’s Executive Director, Mr. Alvin Ang said, “We are very excited to embark on this new business venture that is expected to contribute positively to the Group’s financials in future years. We will also consider the possibility of opening other interesting concept stores that Marché Mövenpick has to offer.”

“Our F&B division has always been a steady contributor to the Group, we expect this new venture to further increase the division’s profitability.” He added

SUBANG JAYA, 31 July 2017 - AWC BERHAD’s (“AWC” or “the Group”) wholly-owned Facilities Division subsidiary, Ambang Wira Sdn Bhd (“AWSB”) was awarded a Subcontract worth approximately RM42.4 million (including Goods and Services Tax) from Jabatan Kerja Raya (“JKR”), for the maintenance of Blocks WP1 & WP2 of the Kementerian Luar Negeri (“KLN”) or the Ministry of Foreign Affairs in Putrajaya.

The tenure of the Subcontract is for five years from 1 August 2017 until 31 July 2022 and covers all the blocks utilized and occupied by KLN in Putrajaya. This award further enhances the Facilities Division and the Group’s overall existing order book and is expected to contribute positively to the Group’s earnings.

The Group’s Facilities Division has a Concession from the Federal Government of Malaysia for the maintenance of Federal Government buildings and facilities located in the southern states of Peninsular Malaysia (Negeri Sembilan, Malacca and Johor) and the state of Sarawak. In addition, this Division also provides building facilities maintenance works for the commercial and healthcare segments.

“We are proud to be awarded with yet another sizable facilities management Subcontract by JKR. We have been striving relentlessly for our Clients, and I believe that securing this contract demonstrates our ability to deliver exceptional services.” said AWC’s Managing Director & Group CEO, Dato’ Ahmad Kabeer Nagoor.

T7 Global Berhad (“T7 Global” or “The Group”) formerly known as Tanjung Offshore Berhad, a major upstream and downstream oil and gas service provider in Malaysia has entered into an agreement with Tamarind Classic Resources Private Limited (“Tamarind”) to invest, collectively, in Triangle Energy (Global) Limited (“Triangle Energy”), an Australian Securities Exchange listed oil and gas producer and explorer based in Perth, Western Australia to mutually explore opportunities in the emerging Perth Basin Oil and Gas area located at the north of Perth, WA, Australia.

The Group will be investing a total cash consideration of US$500,000 (approximately RM2.15 million) in Triangle Energy via internally generated funds , representing approximately 9.8% of the equity ownership in Triangle Energy.

Triangle Energy is an experienced Australian based oil and gas production and exploration company that has operated assets in Australia and Indonesia. Triangle Energy has a 78.75% ownership of Cliff Head Entity which owns the only offshore oil facility in the Perth Basin and includes the onshore Arrowsmith Stabilisation Plant which is the only operating crude processing plant in the Perth Basin capable of processing 15,000 barrels per day. The current oil field contains a projected 3.44million barrels of oil which will be extracted until 2027. Cliff Head also owns the production license WA-31-L which covers 72KM2 (17,792 acres) of the Perth Basin and currently contains discovered oil fields covering 6KM2 (1,483 acres). Cliff Head has identified near term opportunities upside totalling approximately 8 million barrels and continuously assesses for new opportunities.

“We view Triangle Energy as a solid corporation proven by its track records in exploration, development and operation. This investment will provide ancillary service-related opportunities to support oil and gas growth in the Perth Basin.” said Tan Sri Datuk Seri Tan Kean Soon, Executive Deputy Chairman of T7 Global Berhad.

“Moving forward, we expect the oil and gas division to remain as the Group’s core contributor. The Group will continue to implement our strategic plans and replenish our oil and gas orderbook which will contribute positively to the Group.” He added.

Kuala Lumpur, 25 July 2017 – KIP Real Estate Investment Trust (“KIP REIT” or the “The Fund”) is the first hybrid community-centric retail REIT listed on Bursa Malaysia. Today The Fund announced its fourth quarter results ended 30 June 2017 (“Q4FP2017”) with a total revenue of RM16.04 million and posted a net property income and distributable income of RM10.86 million and RM9.13 million respectively for the quarter. This translates to an earning per unit of 1.81 sen for Q4FP2017.

In the five-month full financial period of The Fund since its listing on 6 February to 30 June (“FP2017”), KIP REIT delivered a total revenue of RM26.35 million together with a distributable income which amounted to RM14.66 million. Total earning per unit for FP2017 was 2.90 sen.

The Manager of KIP REIT has declared a final income distribution of 1.918 sen per unit, amounting to approximately RM9.69 million which will be paid on 29 August 2017. Hence, the total income distribution declared for the FP2017 amounted to RM14.74 million or 2.918 sen per unit. Based on an annualised rate, the total distribution income yield for FP2017 is 7.61% per annum*.

“We are very delighted with the performance of our financial results for FP2017. With our total income distribution per unit at 2.918 sen for FP2017, income yield translates to an annualised yield of 7.61% at today’s closing price of RM0.92 which is one of the highest rates among retail REITs. We will continue to make progress in enhancing the value of our portfolio through organic growth and potential external acquisitions to maximise profitability and value to unitholders. In keeping with our announcement on 27 April 2017, KIP REIT will continue distributing income on a quarterly basis,” said the Managing Director Dato’ Chew Lak Seong.

* Annualised based on the closing price of RM0.92 on 25 July 2017.

YINSON HOLDINGS BERHAD (“Yinson” or the “Group”), Malaysia’s premier integrated offshore production and offshore support services provider is proud to announce that the President of Ghana, H.E. Nana Addo Dankwa Akufo-Addo was onboard Yinson’s floating production, storage and offloading unit (“FPSO”) the John Agyekum Kufuor (“JAK”) to commission the vessel for production. Prior to the official ceremony, FPSO JAK drew first oil on the 21st May 2017 at the Offshore Cape Three Points (“OCTP”) block three (3) months ahead of Eni’s schedule in a record time-to-market for Eni.

This symbolic ceremony was held at the Takoradi Offshore base with the President turning on the production valve of the FPSO and opening a Subsea Well Choke signals the formal start of oil production in commercial quantities from the Sankofa and Gye-Nyame fields. To name a few, the ceremony was officiated and witness by:
1. H.E. Nana Addo Dankwa Akufo-Addo, President of the Republic of Ghana
2. Dr. Kwaku Afriyie, Western Regional Minister
3. Dr. K. K. Sarpong, Ghana National Petroleum Corporation, CEO
4. Ian Taylor, Vitol, CEO
5. Claudio Descalzi, Eni S.p.A, CEO
6. Hon. Boakye Kyeremanteng Agyarko, Energy Minister
7. Eirik Barclay, Yinson Offshore Production, CEO

“With the addition of the production from the OCTP to those of the T.E.N and Jubilee fields, we are optimistic that our beloved nation will enhance significantly its gas supply for our domestic power generation. The need for creative thinking to leverage our oil and gas production for national development is a charge for us to keep – and we must not fail our people.” the President said, quoted from The Presidency Republic of Ghana.

“It has been a humbling experience to see our team in partnership with all our vendors to deliver this FPSO ahead of schedule for Ghana and Eni. This remarkable milestone is the culmination of effective collaboration with external parties and excellent team work within the organisation. The success of this project is yet another testament to our ability to deliver projects safely, on schedule and within budget.” said Mr. Lim Chern Yuan, Group CEO and Executive Director of Yinson Holdings Berhad.

“It was a great pleasure to welcome the President of Ghana, the Energy Minister of Ghana, the CEOs of Eni, GNPC and the Petroleum Commission on board Yinson’s FPSO John Agyekum Kufuor to celebrate First Oil. The FPSO looked superb as the President officially opened the flow of oil and it was fantastic to see the great teamwork on board, with a high proportion of the crew being made up of local employees from Ghana. Having achieved First Oil three months ahead of Eni’s original schedule this is truly a project that the whole Yinson team can be very proud of and it is an excellent foundation for the future success of the Group.” said Mr. Eirik Barclay, CEO of Yinson Offshore Production whom was at the official ceremony.

Kerjaya Prospek Group Berhad (“Kerjaya” or the “Group”) today announced an interim dividend (“dividend”) of RM0.055 per ordinary share payable on 29 August 2017 to shareholders of record at the close of business on 15 August 2017. The dividend will be paid entirely from the Group’s existing cash.

Kerjaya Prospek’s strong financials, robust balance sheet and earnings visibility allows the Group to reward shareholders via this dividend. As at 31 March 2017, Kerjaya Prospek’s current outstanding orderbook stands at RM2.6 billion and net cash position stood at an impressive RM147.08 million.

Commenting on the Group’s recent announcement, Kerjaya’s Executive Chairman, Datuk Tee Eng Ho said, “Today’s announcement of a RM0.055 interim dividend is our latest step in returning capital to our shareholders. Our strong performance and robust balance sheet allow us to provide shareholders with this dividend after taking into consideration the level of available funds, the amount of retained earnings and capital expenditure requirements.

PETALING JAYA, 22 MAY 2017 – KUB MALAYSIA BERHAD (‘KUB’ or ‘the Group’) today announced its financial results for the first quarter of its financial year ending 31 December 2017 (‘Q1 FY2017’) with revenue of RM148.6 million, a 21% increase compared to its corresponding quarter of its previous fiscal year (‘Q1 FY2016’).

The Group also reported a pre-tax profit (‘PBT’) of RM10.5 million and profit after tax (‘PAT’) of RM8.0 million, surpassing the Q1 FY2016 results by 18% and a staggering 41% respectively.

KUB’s commendable start to the financial yearwas made possible by the strong performances ofthe Group’s Energy and Agro sectors. The Energy sector’s topline grew by 48% to RM110.6 million as a result of the higher average contract price and improved sales volume arising from the increased demand from its industrial and bulk segment customers. The higher revenue supported the overall increase in the sector’s PBT by 10% to RM6.7 million despite the dip in operating margins.

The Agro sector meanwhile, recorded revenue of RM12.5 million and PBT of RM2.9 million, a resounding 105% and 96% increase respectively as compared to the previous year’s corresponding quarter. The significant improvement was primarily attributable to higher average crude palm oil prices, a rise in crop production resulting from the increased estate harvesting area as well as the drop in the total cost of production.

The Group’s overall results were further boosted by the improved performance from the Power and Food sectors as well as the absence of contribution from loss making subsidiary, KUB Precast Sdn Bhd which was disposed off in the previous financial year.

Commenting on the Group’s financial results, KUB’s President/Group Managing Director, Datuk Abdul Rahim Mohd Zin said, “We are pleased to kick-off the financial year with impressive first quarter earnings. Our Energy sector continues to be the Group’s main profit driver, and with our plans set in motion to enhance supply and distribution capacity we are confident that the performance momentum will continue.”

“We are also encouraged by the results of our Agro sector particularly with the rehabilitation and cost management efforts to improve yields. These initiatives have begun to bear fruit and reflect positively in our numbers. I’m expecting the sector to deliver decent earnings growth going forward as the losses from our mill in Mukah are expected to narrow once it becomes operational at the end of next month.”


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He added “Our ICT sector however, experienced a challenging quarter with a sharp drop in the toplineas compared to last year. Nevertheless, we will continue to persistently bid for more high value contracts going forward to replenish our order book.”

On the proposed acquisition of a brownfield oil palm plantation land in Sungai Kinabatangan, Sabah measuring approximately 1,534 hectares (3,791 acres) by its wholly owned subsidiary KUB Malua Plantation SdnBhd (formerly known as KUB Oil and Gas SdnBhd) which was announced on 19 April 2017, “The proposed acquisition is on track and we are currently in the midst of fulfilling the Conditions Precedent in the Sale and Purchase Agreement. We target to present this transaction to our shareholders for approval sometime in July”, said Abdul Rahim.

Subject to the shareholders’ approval at the forthcoming Annual General Meeting to be held on 23 May 2017, KUB has recommended a first and final single tier dividend in respect of the financial year ended 31 December 2016 (“FYE2016”) of 1.0 sen per share. This translates to a total dividend payout of RM5.6 million, which translates to a payout ratio of 25% of the Group’s PAT for FYE2016.

Kuala Lumpur – 16 May 2017

T7 Global Berhad (“T7 Global” or “The Group”) formerly known as Tanjung Offshore Berhad a major upstream and downstream oil and gas service provider in Malaysia, today announced its first quarter results for the year ending 31st December 2017 (“Q1FYE2017”) with revenue of RM 29.9 million, an increase of 149.2% compared to its corresponding quarter last year (“Q1FYE2016”).

In line with the improvement of revenue, the Group reported a profit after tax (“PAT”) of RM0.3 million. This reflects a tremendous improvement considering the reported loss after tax (“LAT”) of RM4.7 million in Q1FYE2016.

For the quarter under review, T7 Global two business division both reported strong revenue growth.
The product and services division remains as the core contributor of 73.7%, reporting a revenue of RM22.0 million, an increase of 177.3% compared to Q1FYE2016. The engineered packages division also reported a higher revenue amounting to RM7.9 million, an increase of 94.2%.

Latest Developments On Aerospace
On the 21st March 2017, T7 Aero Sdn Bhd (“T7 Aero”), a wholly owned subsidiary of T7 Global signed a Head of Agreement (“HOA”) with MARA Aerospace & Technologies Sdn Bhd (“M-AeroTech”), a wholly owned subsidiary of Majlis Amanah Rakyat (“MARA”). This HOA signals the commitment by both parties to work together on human capital development for metal treatments and other high value manufacturing activities in Malaysia.

On the 9th May 2017, T7 Aero signed a Joint Venture Agreement (“JVA”) with KOV Limited (“KOV”) and incorporated a new company named T7 Kilgour Sdn. Bhd. (the “Company”). The Company will build, operate and set up a metal treatments plant in Malaysia to pursue high value manufacturing businesses in metal treatments. This collaboration with Kilgour will be on a sole and exclusive basis in the Asia-Pacific Region, excluding China and Japan.

KOV’s ultimate shareholders are Kilgour Metal Treatments Limited (“Kilgour”), namely Paula Jose Kilgour and Raymond Kilgour.

“We are pleased that the repositioning and restructuring plans for the Group remains progressive as demonstrated from our positive first quarter results. Moving forward, we will continue to focus on our cost reduction program, enhance our core business, as well as venturing into new revenue streams.”

“This quarter, apart from maintaining our profitable turnaround, we are proud that the Group is one step closer in venturing in the Aerospace industries. We believe that our strong collaborations set a firm footing into the industry and in working towards the global standards of aerospace requirements. As a whole, we are confident that T7 Global is well geared for market liberalisation and will emerge stronger.” said Encik Rahmandin @ Rahmanudin bin Md. Shamsudin, Group CEO of T7 Global Bhd.


Supports Petronas On Offshore Reefing Project

Tanjung Offshore Services Sdn Bhd (“TOS”), a wholly owned subsidiary of the T7 Global has completed the provision of structure reefing at reef site for Vestigo Petroleum Sdn Bhd, a subsidiary of Petronas.

TOS has placed an underwater structure at an abandoned offshore oilfield to grow artificial reefs. It is located a few kilometres away from Pulau Kapas of Marang, Terengganu. The artificial reefs are expected to not only improve the marine ecosystem in the location but also able to support the local community through tourism attractions associated with fishing and diving activities.

“The Group is pleased to have completed this new project with Vestigo Petroleum. With the implementation of this project, we foresee significant long-term positive impact to the environment and the local community.” said En Mohd Sabri Ab. Ghani, Chief Executive Officer of TOS.

KUALA LUMPUR, 27 APRIL 2017

Q4FYE2017 FINANCIAL PERFORMANCE
Atlan Holdings Bhd (“Atlan” or the “Group”), today announced its 4th quarter (“Q4FYE2017”) results for the financial year ended 28th February 2017 with a revenue of RM196.4 million.

The Group also reported an improved profit after tax (“PAT”) of RM18.1 million and profit after tax and minority interest (“PATAMI”) of RM12.6 million for the quarter under review, representing an increase of 13.6% and 9.2% respectively as compared to its corresponding quarter Q4FYE2016.

FULL YEAR PERFORMANCE
Atlan achieved a turnover of RM809.4 million for its financial year ended 28th February 2017 (“FYE2017”). The Group also reported strong double digit growth with a PAT of RM75.6 million and PATAMI of RM54.5 million, an increase of 34.9% and 27.4% respectively compared to FYE2016. The increase is mainly due to a net foreign exchange gain of RM9 million.

The Group’s enhanced financial performance was mainly due to the overall improvement in revenue from its Duty Free division (“DFIL”). This subsidiary was the core contributor of the Group’s revenue and its revenue growth was also the result of the improvement in pricing of certain products and improved contributions from airports outlets in Malaysia.

Furthermore, the Group’s two core divisions comprising automotive and property & hospitality reported revenues of RM147.2 million and RM29.3 million, which makes up 18.2% and 3.6% respectively to the total revenue for FYE2017.

As at 28th February 2017, the Group’s balance sheet had grown in strength to a total cash and bank balances of RM303.2 million and net assets of RM648.8 million from RM84.2 million and RM485.7 million as at 29th February 2016 respectively. Gearing ratio improved from 0.24 times as at 29th February 2016 to 0.11 times as at 28th February 2017.



DIVIDEND
For the financial year under review, the Group has paid a total dividend of RM0.225 per ordinary share for FYE2017 amounting to RM57.1 million, representing a total dividend payout ratio of 75.5%.

“Given the prevailing economic conditions, the business environment in which the Group operates is expected to remain challenging. The Group remains cautiously positive and will endeavor to continue to improve on our performances.” said Mr. Lee Sze Siang, Executive Director of Atlan Holdings Bhd.

PETALING JAYA, 19 APRIL 2017 – KUB Malua Plantation Sdn Bhd (‘KUB Malua’), a wholly-owned subsidiary of KUB Malaysia Berhad (‘KUB’ or the ’Group’) has today entered into a conditional Sale and Purchase Agreement with Kwantas Plantations Sdn Bhd (‘Kwantas’), a wholly-owned subsidiary of Kwantas Corporation Berhad to acquire a brownfield oil palm plantation land in Sungai Kinabatangan, District of Kinabatangan, Sabah measuring approximately 1,534 hectares (3,791 acres) for a cash consideration of RM100,448,621.

The total purchase consideration represents a discount of 13.4% from a market value of RM116 million, and will be funded via internally generated funds and/or bank borrowings.

The country lease on the land has a tenure of 999 years, expiring on 31 December 2887. The land, which has a total planted area of 1,503.05 hectares, produced 33,727 metric tonnes of fresh fruit bunches (‘FFB’) in 2016.

Commenting on the proposed acquisition, KUB’s President/Group Managing Director, Datuk Abdul Rahim Mohd Zin said, “We have been eyeing for a good brownfield plantation asset to acquire for the past year. We believe that this particular parcel, with its prime palm age and robust yield profile exceeding 20 tonnes per hectare combined with its strategic location, will be a positive addition to our overall plantation land bank.”

KUB currently has a total of four (4) parcels of oil palm plantations; two (2) in Johor and the other two (2) in Sarawak, with a total aggregate land size area of 7,332 hectares. Upon the completion of the Proposed Acquisition, the total plantation land bank will increase to 8,866 hectares.

“In line with the Group’s strategy to focus our financial resources in further expanding our core businesses, we are pleased that the growth plans for our Agro sector are now starting to gain traction. We are optimistic that this acquisition will provide immediate contribution to our earnings going forward and also deliver synergetic benefits to the plantation business,” continued Abdul Rahim.

The proposed acquisition is subject to shareholders’ approval at an extraordinary general meeting (‘EGM’) and is expected to be completed by the fourth quarter of 2017 (‘Q4 FY2017’).

KOTA KINABALU, MALAYSIA – 13 MARCH 2017

Kim Teck Cheong Distribution Sdn Bhd, a wholly-owned subsidiary company of Kim Teck Cheong Consolidated Berhad (“KTC” or the “Group”) was appointed by Premium United Foods Sdn Bhd as a distribution partner to distribute a range of products such as coffee candy, coffee, chocolate, biscuits and other products. The agreement allows Kim Teck Cheong Distribution Sdn Bhd to distribute products under the brand names of Kopiko, Choki Choki, Danisa Butter Cookies and others. Key products to be distributed include the following:

1. Kopiko Products

2. Choki Choki


3. Danisa Butter Cookies


“KTC continues to strive for more sole distributorships. We strongly believe that product diversity and product quality will enable our Group to value add to all our consumers and expand our distribution channels. We will continue to increase our distributorships and distribution points,” commented Mr. Dexter Lau, Executive Director of KTC.

KOTA KINABALU, MALAYSIA – 8 MARCH 2017

Kim Teck Cheong Consolidated Berhad (“KTC” or the “Group”) today fulfilled all the conditions precedent set forth in the 2 inter conditional agreements, i.e. share purchase agreement that was signed with Phang Lee Yen, Lim Sok Lan and Woo Chung Heng; and the share subscription agreement that was signed with Grandtop Marketing Sdn Bhd (“GMSB”) to enable KTC to collectively own 60% equity interest in GMSB. With the acquisition and subscription fully completed at a total purchase consideration of B$600,000 (approximately RM1.79 million), GMSB is now a subsidiary company of KTC.

KTC’s acquisition of GMSB, a company that is principally engaged in the business of distribution of Consumer Packaged Good (“CPG”) in Brunei will provide the Group with strong infrastructure in place including warehousing facilities as well as 600 sales and distribution points throughout Brunei. GMSB distributes renowned international brands, amongst others, brands such as Nestle, Silkygirl and Anakku. This is expected to contribute favourably to the Group’s future earnings.

“This purchase is in line with our future plans to acquire an existing distributor of CPG in Brunei as mentioned in our IPO prospectus. By leveraging on GMSB’s respected profile, we believe that we are able to expand our coverage to Brunei in the provision of market access and coverage of CPG and further establish the KTC’s business presence in Brunei.

On a separate note, KTC Group will engage ATH Timber Resources (“ATR”), who is part of ATH Group of Companies in Brunei as the Group’s logistic service provider in Brunei. This is expected to further strengthen the Group’s supply chain management and logistic infrastructure in Brunei,” commented Mr. Dexter Lau, Executive Director of KTC.

Kim Teck Cheong Consolidated Berhad (“KTC” or the “Company”) today fulfilled all the conditions precedent set forth in the share sale and purchase agreement that was signed with Yung Kong Company Berhad for the acquisition of 100% equity interest in Trans Paint Sdn Bhd (“Trans Paint”) which is the sole registered and beneficial owner of a warehousing facility located in Kuching, Sarawak (“Property”) the Property has a land area measuring approximately 12,140 square metres together with a double storey office annexed with a single storey warehouse and a detached single storey warehouse. With the acquisition fully completed at a purchase price of RM2,535,482, Trans Paint is now a wholly-owned subsidiary company of KTC.

KTC’s acquisition of Trans Paint, an investment holding company that holds the Property will provide KTC with increased warehousing capacity in Kuching, Sarawak, to cater for its existing businesses and future expansion.

“This purchase is in line with our future plans to acquire a warehouse in Kuching as mentioned in our IPO prospectus. As such, we are on track in strengthening our footprint in Sarawak and serving across the Sarawak region,” commented Mr. Dexter Lau, Executive Director of KTC.

PETALING JAYA, 28 FEBRUARY 2017 – KUB MALAYSIA BERHAD (‘KUB’ or ‘the Group’) today released its financial results for the fourth quarter ended 31 December 2016 (‘Q4FY2016’) with revenue of RM131.3 million and profit after tax (‘PAT’) of RM7.1 million.

The Group delivered a stellar full year financial performance for the year ended 31 December 2016 (‘FY2016’) with revenue of RM495.8 million, representing an increase of 14.7%, as compared to the previous financial year ended 31 December 2015 (‘FY2015’) of RM432.2 million. As a result of the better topline performance, improved operating margins and reduced earnings drag following the completion of disposals of loss-making subsidiaries, the Group’s full year PAT recorded a staggering increase of 136.3% from RM9.1 million in FY2015 to RM21.9 million for FY2016.

The overall performance achieved is in line with KUB’s strategic plan of streamlining its businesses by focusing on core competencies and divesting non-core assets and non-performing subsidiaries. The Group has since successfully completed the disposals of A&W Restaurant (Thailand) Co Ltd and KUB Builders Sdn Bhd in late 2015 and KUB Precast Sdn Bhd in August 2016.

The significant improvement in the financial results for FY2016 as highlighted above was contributed to several factors but mainly from the surge in earnings from the Energy sector as a result of the increase in sales volume of liquefied petroleum gas (‘LPG’), the upward revision in the Automatic Pricing Mechanism (‘APM’) structure as well as foreign exchange gains. Higher revenue was also recognised during the year from the Information and Communications Technology (‘ICT’) sector attributable to the RM42 million Automatic Fare Collection (‘AFC’) system contract secured from the Ministry of Transport as well as a RM16 million Telecommunications Tower construction contract awarded by the Malaysian Communications and Multimedia Commission (‘MCMC’). The Power sector reversed its substantial prior year losses and recorded a profit in the current year predominantly through higher revenue attained from several projects, the write-back of provision for doubtful debts and a reversal of liquidated ascertained damages for certain projects. As mentioned, the overall results were further enhanced by the absence of contributions from loss making subsidiaries which were disposed in FY2015 and FY2016.


“Despite the challenging economic environment, we have managed to successfully execute part of our strategic plans and deliver a strong set of financials for FY2016. Our key sectors namely Energy, Agro and ICT will continue to be the growth drivers of the Group and we will focus our operational and expansion initiatives on these businesses moving forward.” said Datuk Abdul Rahim Mohd Zin, the President/Group Managing Director of KUB.

PETALING JAYA, 28 FEBRUARY 2017 – Today, Green Packet Berhad (“Green Packet” or the “Group”) announced its fourth quarter financial results for the financial year ended 31 December 2016 (“FY2016”) with a revenue of RM371.8 million and earnings before interest, taxation, depreciation and amortisation (“EBITDA”) of RM17.4 million.

The Group delivered a profit after tax attributable to owners of the company (“PAT”) of RM71.5 million mainly due continue improvement in core business earnings of RM 13.97 million, cessation of equity accounting of share of losses in associated company, Webe Digital Sdn Bhd (“Webe”) and fair value gains on reclassification from interest in associate to long term investment of RM98.2 million. The Group has ceased to equity account the share of losses from the associate company from July 2016 onwards when Webe ceased to be an associate company of Green Packet on 31 July 2016.

During the fourth quarter period ended 31 December 2016 (“Q4FY2016”), the Group registered a total revenue of RM115.2 million contributed by its software and devices business amounting to RM54.2 million of the total revenue, registering 38% higher sales in Q4FY2016 as compared to year on year (“YOY”) basis contributed by improvement of sales in ASEAN and Middle East regions. Followed by revenue contribution from communication services business amounting to RM61.0 million of the total revenue, recording a higher revenue of 0.7% in Q4FY2016 as compared to YOY basis mainly due to overall improved sales from countries that Green Packet provide communication services.

In line with the higher revenue contribution from software and devices business and communication services business in Q4FY2016, the Group registered an EBITDA of RM8.07 million for Q4FY2016 contributed by the software and devices business and communication services business of RM5.8 million and RM2.3 million, respectively, which was 102.2% higher on YOY basis.

Kerjaya Prospek Group Berhad (“Kerjaya” or the “Group”), is pleased to announce its fourth quarter result for the financial year ended 31 December 2016 (“FY2016”) with a revenue of RM235.49 million and profit after tax and minority interest (“PATMI”) of RM26.22 million. For the cumulative four (4) quarters of FY2016, Kerjaya achieved a record revenue and PATMI of RM805.37 million and RM99.97 million respectively.

The significant increase in the Group’s top-line and bottom-line was mainly brought on by contributions from the construction division and followed by the property development division.

As the Group’s main driver and contributor of 94.7% to the top-line, the construction division recorded revenue of about RM763.00 million and a segmental PAT of RM93.67 million as more work progress for on-going projects intensified. The property development and manufacturing divisions had contributed about 5.3% jointly to the top-line and had combined revenue of RM42.38 million with a segmental PAT of RM9.16 million whereby Kerjaya’s maiden property development project known as “Vista Residences” was the primary contributor.

“Our strong fourth quarter result closed off an amazing year for Kerjaya. The Group’s prudent management and RM1.58 billion of contracts secured in 2016 will continue to support the Group’s earnings for the near future. As we embark on a new year, Kerjaya will focus on the delivery of the contracts in hand as we continue to tender for new projects.” said Datuk Tee Eng Ho, Executive Chairman of Kerjaya Prospek Group Berhad.

SUBANG JAYA, 27 FEBRUARY 2017 – AWC BERHAD (“AWC” or “the Group”), a well-established engineering services provider announced its second quarter results for the financial period ended 31 December 2016 (“Q2FYE2017”) with a revenue of RM75.64 million and profit after tax and minority interest (“PATMI”) of RM5.22 million. This brought the cumulative two quarter (“1HFYE2017”) revenue and PATMI to RM142.76 million and RM10.66 million respectively.

The increase in the Group’s revenue and profit after tax versus the corresponding period last year can be attributed to strong contributions from the Group’s Facilities, Environment and Engineering divisions.

The facilities division’s strong results can be attributed to the commencement of the maintenance for Hospital Shah Alam Selangor (“HSAS”) on 1st March 2016 and the concession renewal on 1st January 2016, as well as several other contracts in the intervening period.

The environment division continued to contribute positively to the Group’s results as it delivers on its existing order book with projects spanning across Malaysia, Singapore and the Middle East.

The engineering division reported yet another significant increase due to strong progress billings from various plumbing and air-conditioning projects undertaken in the intervening period.

DIVIDEND
In-line with the Group’s commitment to reward shareholders, a single tier interim dividend of 1.0 sen per ordinary share for the financial year ending 30 June 2017 was declared by the board of directors.

Commenting on the strong performance, AWC’s Managing Director & Group CEO, Dato’ Ahmad Kabeer said, “The strong second quarter result caps off a good end to the first half of FY2017. We are looking forward to the coming quarters and are optimistic of the Group’s prospects going forward.”

SHAH ALAM – OCK Group Berhad (“OCK” or “Group”), Malaysia’s leading telecommunication network solutions provider closed out the year with a strong fourth quarter (“Q4’2016”) and full year financial result performance for its financial year ended 31 December 2016 (“FYE2016”), marking a 7 year revenue and profit after tax CAGR of 36.6% & 68.2% respectively.

For the quarter under review, the Group achieved a 6.6% increase of revenue compared to the corresponding quarter last year. The increase was partly due to the contribution from the Group’s regional expansion. However, the Group reported lower PBT and PAT which were mainly due to a RM2.9 million pre-acquisition expenses incurred for acquisition of Southeast Asia Telecommunications Holdings Pte. Ltd. (“SEATH”) that was completed on 13 January 2017.

The Group also reported an improved PAT margin of 9.8% for Q4’2016 compared to its previous quarter Q3’2016 of 7.7%.

OCK’s full year financial performance for FYE2016 achieved new record high with strong growth mainly contributed by the two core businesses in Telecommunication Network Services and Green Energy & Power Solutions reporting total revenue of RM339.6 million and RM37.3 million respectively for FYE2016. The Group also reported a Profit Attributable to the Owners of the Company (“PATAMI”) of RM25.8 million which translates into a PATAMI margin of 6.3%.

LATEST REGIONAL DEVELOPMENTS
The Group’s regional exposure has been gaining financial traction with a contribution of 20.0% to the Group’s overall revenue for FYE2016, compared to 16.7% in FYE2015. To date, Myanmar’s business has started to contribute to the Group’s revenue.

Over the course of 14 months, the Group has expanded their regional portfolio to include Myanmar and Vietnam along with existing SEA presence namely Cambodia, China and Indonesia.

GROUP MANAGING DIRECTOR COMMENTARY
Mr. Sam Ooi Chin Khoon, Managing Director of OCK Group Berhad said, “OCK delivered another strong record performance to close off the year. We are pleased that OCK has delivered our regional expansion blueprints as planned with successes in Myanmar and Vietnam.”

“On 13 January 2017, OCK and CapAsia have completed the acquisition of the entire equity interest in SEATH. Vietnam will start to contribute revenue to the Group in Q1’2017.”

Kim Teck Cheong Consolidated Berhad (“KTC” or the “Group”) today announced its second quarter results for the financial year ending 30 June 2017 (“Q2FY2017”) with a RM30.28 million increase in revenue from RM84.27 million for the preceding year’s corresponding quarter to RM114.55 million for Q2FY2017. The 35.94% increase in revenue was mainly due to the commencement of distribution of third party brands of consumer packaged goods (“CPG”) for Procter & Gamble (Malaysia) Sdn Bhd (“P&G”) in Sarawak.

The Group posted a profit attributable to the owners of the company (“Profit”) of RM0.91 million for Q2FY2017 as compared to RM0.08 million for the preceding year’s corresponding quarter.

1st Half of financial year ending 30 June 2017 (“1st Half FY2017”)
For the 6 months period ended 31 December 2016, the Group recorded total revenue of RM203.41 million which represents an increase of RM40.50 million or 24.86% as compared to 1st Half FY2016 of RM162.91 million. This is mainly due to higher revenue contribution from distribution of third party brands of CPG with an increase of RM41.76 million or 26.89% as compared to 1st Half FY2016.
Despite the Group’s higher revenue in the 1st Half FY2017, KTC recorded RM1.16 million of Profit for 1st Half FY2017 which is 24.50% lower as compared to RM1.54 million for 1st Half FY2016, due to the one-off gain on bargain purchase amounting to RM1.83 million (“One-Off Gain”) which was included in the Profit for 1st Half FY2016. On a normalised basis, the Group’s core profit before tax (“PBT”) for 1st Half FY2017 would have been 140.99% higher than the PBT for 1st Half FY2016.

“I am pleased with the Group’s revenue growth, especially in the Sarawak region given that we had begun distributing P&G products only in October 2016. On a separate note, I am confident that we will continue to secure more distributorships for third party brands of CPG and continue to enhance shareholders’ value.” commented Mr. Dexter Lau, Executive Director of KTC.

PETALING JAYA, 22 FEBRUARY 2017 – Today, Crest Builder Holdings Berhad (“Crest Builder” or the “Group”) announced its fourth quarter financial results for the financial year ended 31 December 2016 (“FY2016”) with a revenue of RM297.76 million which represents an increase of RM17.75 million or 6.34% as compared to last year. The Group delivered a profit after tax attributable to owners of the company (“PAT”) of RM12.4 million representing an increase of 28.1% as compared to last year.

During the fourth quarter period ended 31 December 2016 (“Q4FY2016”), the Group registered a revenue of RM117.6 million, which translate into a 77.1% increase as compared to its corresponding quarter last year of RM66.4 million. The Group’s profit before tax (“PBT”) and a profit after tax attributable to owners of the company (“PAT”) were RM11.3 million and RM2.5 million, respectively for Q4FY2016 as compared to a loss before taxation (“LBT”) and loss attributable to the owners of the company (“LAT”) in the corresponding quarter last year of RM10.4 million and RM11.5 million, respectively.

In terms of the Group’s segmental performance, the construction and property development division were the main revenue contributor to the Group, which makes up of 77.6% and 16.7%, respectively. In comparison with the corresponding quarter last year, the construction division reported a revenue of RM88 million for Q4FY2016, which translates into an increased of 65.1%. The construction division posted a PBT of RM4.3 million for Q4FY2016 instead of a LBT of RM26.1 million in the corresponding quarter last year. The increase was mainly due to higher progressive construction progress recognised from various projects during FY2016.

Meanwhile, the property development division recorded a revenue of RM25.5 million for Q4FY2016, which shows an increase of 189% as compared to the corresponding quarter last year. The property development division posted a PBT of RM8.9 million for Q4FY2016 instead of a LBT of RM4.9 million in the corresponding quarter last year. The increase was mainly due to the higher sales attributable by the soft launch of ‘The Greens’, which is located at Shah Alam.

“Barring any unforeseen circumstances, we will continue to actively bid for projects that will contribute positively to our business. I believe that there are plenty of opportunities available from the Eleventh Malaysia Plan and the infrastructure projects that are to be implemented under the Economic Transformation Programme. Despite our exposure to the volatility of global raw materials prices, I am optimistic that we will be able to sustain CBHB’s profitability and a healthy financial position for the coming financial year.” commented Mr. Eric Yong, Managing Director of CBHB.

KUALA LUMPUR - 23 FEBRUARY 2017 Malaysia’s premier integrated offshore services provider, YINSON HOLDINGS BERHAD (“Yinson”, the “Company” or “云升控股有限公司”) is proud to announce that, following the completion of the Islamic Conversion of the Islamic Facility undertaken by its indirect wholly owned-subsidiary, Yinson Production (West Africa) Pte Ltd, the deal was awarded the “2016 IFN Africa Deal of the Year” by the Islamic Finance News - the World’s Leading Islamic Finance News Provider, at the IFN Awards 2016 held at Mandarin Oriental Hotel, Kuala Lumpur on 22 February 2017.

The IFN Awards are recognised as the most prestigious and most sought after by the global Islamic financial community and these awards continue to be an apt representation of the current Islamic financial market landscape.

Maybank Investment Bank Berhad has acted as the Coordinating Bank and Maybank Islamic Berhad has acted as the Shariah Advisor for the Islamic Conversion. The Islamic Facility was extended by CIMB Bank Berhad Labuan Offshore Branch, Export-Import Bank of Malaysia Berhad, Intesa Sanpaolo S.p.A Singapore Branch, Maybank International Labuan Branch, OCBC Al-Amin Bank Berhad, Standard Chartered Bank and United Overseas Bank Limited (in alphabetical order).

This award is a recognition to Yinson in the global Islamic financial community and undeniably, one of the key achievements in our business. We continuously aim to participate and work collaboratively in promoting Malaysia as an Islamic finance hub by developing Islamic finance in FPSO financing through our global presence in the FPSO business.

KUALA LUMPUR – 23 FEBRUARY 2017- T7 Global Berhad (“T7 Global” or “The Group”) formerly known as Tanjung Offshore Berhad is a major upstream and downstream oil and gas service provider in Malaysia, today swings back to the black announcing its financial results for the fourth quarter of the year ended 31 December 2016 (“Q4FYE2016”) with revenue of RM 37.3 million.

For the current quarter under review, the Group’s profit before tax (“PBT”) and profit after tax (“PAT”) stood at RM 9.1 million and RM 9.8 million respectively.

T7 Global twelve months financial performance for FYE2016 achieved a total revenue of RM83.3 million and PAT of RM5.1 million. The significant leap in both revenue and PAT were mainly contributed from the contributions from Operational Reliability & Integrity Gauging of Instrument based Safeguards and Construction Work Request contract secured from PETRONAS.

To date, T7 Global outstanding order book stands at RM500 Million. The Group also has a strong balance sheet with a net cash position of RM54.4 million that puts the Group in a commanding position to seize any valuable projects going forward.

CORPORATE EXERCISE HIGHLIGHTS
On 12th May 2016, Gas Generators (Malaysia) Sdn. Bhd. (“GasTec”) a wholly owned subsidiary of T7 Global has been awarded a contract to supply, deliver, install, testing, and commissioning battery system (including its associate engineering services and accessories) to PTS Resources Sdn Bhd for a period of 3 years with a total contract value of RM17.8 million.

On 15th November 2016, the Group proposed the acquisition of 51% equity interest in Wenmax Sdn. Bhd (“Wenmax”) for a total cash consideration of RM8.0 million. The acquisition was completed on 10th February 2017; this enables T7 Global to immediately generate a new stream of recurring income to the Group.

On the 7th December 2016, T7 Aero Sdn Bhd (“T7 Aero”), a wholly owned subsidiary of T7 Global had entered into a Memorandum of Understanding (“MoU”) with Kilgour Metal Treatments Limited (“Kilgour”), a UK high value manufacturing company, in respect of a desired collaboration in pursuing business opportunities in metal treatments in Malaysia.

Under the MoU, T7 Global and Kilgour will explore the building, operation and setup of a metal treatment plant in Malaysia as part of their diversification into high value manufacturing. The proposed metal treatment plant will carry out metal surface treatment, chemical processing, NDT (Non-Destructive Testing) activities and coating applications specialising in the aerospace industry.

On the 21st December 2016, the Group has secured an Umbrella Contract for the supply of manpower to Repsol Oil & Gas Malaysia Limited (formerly known as Talisman Malaysia Limited) (“Repsol”) for a period of 2 + 1 years with an estimated total contract value of RM100.0 million.

On the 22nd December 2016, the Group successfully completed its rebranding exercise with the approval of its shareholders. The Company’s new name – T7 Global is in line with the management’s new vision to expand its businesses and presence across the market. “T” is the reference for Tanjung, where it all started and “7” represents the 7 continents of the globe.

In addition to the corporate exercises, GasTec has purchased a new and larger premise in Balakong. This new premise will enhance the capability and productivity to supply more products and services to clients, equipping the Group to seize more opportunities both in the local and regional markets.

http://www.bfm.my/mw-andrew-chow-uob-kayhian-singapore-dfi-eyes-regional-expansion.html

GEORGE KENT BAGS LRT 3
George Kent & MRCB JV Appointed PDP for RM9.0 billion Project

PUCHONG, 7 SEPTEMBER 2015 – GEORGE KENT (MALAYSIA) BERHAD (“GKENT” or “the Group”) and their Joint Venture (“JV”) partner Malaysian Resources Corporation Berhad (“MRCB”) received a Letter of Appointment (“LOA”) from Prasarana Malaysia Berhad ( “Prasarana”) for the role of Project Delivery Partner (“PDP”) in relation to the construction and completion of the Light Rail Transit Line Three (“LRT 3”) from Bandar Utama to Johan Setia. The scope, terms and conditions of the appointment as PDP will be subject to a definitive agreement to be executed between the JV and Prasarana.

Construction work on the 36km LRT 3 line will begin in early 2016 and is expected to be completed by Aug 31, 2020. The development cost is estimated to be RM9.0 billion , excluding the cost of land acquisition. This contract will significantly add to the Group’s current order book of specialist projects and is in line with the Group’s strategy to actively bid for current and up-coming infrastructure projects.

Commenting on the award of this Project, GKENT’s Chairman, Tan Sri Dato’ Tan Kay Hock said, “This is by far our biggest contract win which will add significantly to our bottom line .We have developed a very credible team and we look forward to working with our JV partner, MRCB to ensure that this project is delivered successfully.

OCK’S Q2FYE2015 PRESENTS A 47.7% PROFIT GROWTH
REGIONAL EXPANSION HAS CONTRIBUTED RM20.7 MILLION IN REVENUE

SHAH ALAM, 26 August 2015 – OCK Group Berhad (“OCK” or the “Group”), one of Malaysia’s leading telecommunication network solutions provider announced its second quarter results for the financial year ending 31 December 2015 (“Q2FYE2015”), with a revenue of RM70.3 million; representing a staggering 61.8% increase as compared to its corresponding quarter last year (“Q2FYE2014”).

The Group’s profit before tax (“PBT”) and profit after tax (“PAT”) of RM6.7 million and RM5.0 million, for the financial quarter under review also reported an increase of 45.8% and 47.7%, respectively.

In terms of the Group’s financial performance for its first half of FYE2015, OCK delivered revenue of RM126.4 million representing a 58.0% jump in comparison to its corresponding period for FYE2014. In line with its revenue growth, OCK’s 1HFYE2015 reported a PAT of RM9.1 million as compared to 1HFYE2014 of RM6.8 million.

The Group’s strategic regional expansion into Indonesia, Cambodia, Myanmar and China has achieved a strong revenue growth for 1HFYE2015 to RM20.7 million as compared to RM1.7 million in reported in1HFYE2014.

The Group’s telecommunication network services was the main profit growth contributor for 1HFYE2015 delivering a revenue of RM97.8 million translating to 104.2% increase as compared to 1HFYE2014.

“OCK has performed very well for the first half of our financial year. Barring any unforeseen circumstances, the Group is poised to continuously enhance our recurring income stream through our telecommunication network services and green energy and power solution segment.” commented Mr. Sam Ooi, Group Managing Director.

In light of the LTE network penetrating into the Malaysia market and with 2,600 MHz spectrum already awarded by the Malaysian Communications and Multimedia Commission (MCMC), major telecommunication companies have begun investing in upgrading the infrastructures and equipment. It is expected that these telecommunication companies will continue aggressively investing and upgrading their mobile networks to further enhance its data coverage, which is foreseen to continue for the next two to three years. Hence, OCK expects to ride on this industry growth moving forward.
In parallel to the increase of network coverage in Malaysia, OCK will also be participating in the MCMC strategy under the Malaysia Budget to build more telecommunication towers in rural areas.

In addition to OCK’s telecommunications business segment, the Group will also be focusing on the growing renewable energy sector in Malaysia. OCK will continue to participate via the Feed in Tariff (“FiT”) programme, whereby the Sustainable Energy Development Authority Malaysia (“SEDA”) will continue to release annual quotas for solar energy.

Continuing the Group’s regional expansion plans, OCK intends to increase its telecommunication business in the Association of Southeast Asian Nation (“ASEAN”) region. In preparation for the expansion, the Group has announced a renounceable rights issue of 290,488,499 Right Shares on the basis of One Rights Shares for every two existing Company shares. The shares are held together with 290,488,499 Warrants on the basis of one Warrant for every one Right Share subscribed.

TITIJAYA ENDS FY2015 ON STRONG NOTE
GROUP DELIVERS RM80.7 MILLION IN EARNINGS

PETALING JAYA, 27 AUGUST 2015 – TITIJAYA LAND BERHAD (“Titijaya” or the “Group”, “帝亿置地”), a growing property developer, today announced its full year results for the financial year ending 30 June 2015 (“FY2015”).

In respect to the Group’s financial performance for the full year, Titijaya delivered profit before tax (“PBT”) and profit after tax (“PAT”) of RM111 million and RM80.7 million respectively on the back of RM340.7 million in revenue. This represents an increase in PBT and PAT of 15% and 13% respectively compared to the previous financial year (“FY2014”).

The increase in earnings was mainly due to the contribution from the Group’s property projects, Seri Alam Industrial Park as well as the Zone Innovation Park development in Klang.

“I am pleased with our full year financial performance. We have been posting steady earnings growth since our listing and will continue to push forward with our business and growth strategies to maintain our momentum. The Group’s profitability can be sustained through the continuous sales of our development projects and our new upcoming launches,” Mr. Lim Poh Yit (“林保亿”), the Group’s Deputy Managing Director commented.

The Group’s total unbilled sales as at 30 June 2015 stood at RM731.7 million, while total sales were RM498.8 million.

As at 30 June 2015, the Group’s balance sheet remains very healthy with total equity of RM475.2 million and net cash of RM30 million.

“When we were first listed in November 2013, our total landbank GDV was RM4.2 billion. I am proud to report that as a result of our ongoing landbanking strategy, it now stands at RM6.8 billion.” continued Mr. Lim.

The Group has proposed a single-tier dividend of 9% in respect of the current financial year.

DATASONIC REPORTED PROFIT AFTER TAX
OF RM12.32 MILLION FOR Q1FY16

Datasonic Group Berhad (“Datasonic” or the “Group”) announced its first quarter results ended 30 June 2015 for its financial year ending 31 March 2016 (“Q1FY16”) with revenue of RM54.36 million in the current financial quarter ended 30 June 2015, which is 24% lower when compared to RM71.56 million in corresponding quarter of the preceding financial period mainly due to the lower quantity of MyKad delivered. The Group’s revenue of RM54.36 million was higher than RM47.91 million reported in the immediate preceding quarter ended 31 March 2015 principally due to larger quantity of consumables delivered.

The Group’s profit after tax of RM12.32 million for Q1FY16 was RM15.38 million or 55.5% lower than the corresponding quarter of the preceding financial period, but was RM5.56 million or 82.3% higher than the immediate preceding quarter ended 31 March 2015.

The unexpected change in the exchange rates will have some impact on costs. Nevertheless, the management is taking steps to minimize the impact of this, barring this and any other unforeseen circumstances, the prospects for growth are expected to be satisfactory in the financial year ended 31 March 2016.

CENSOF POSTS EARNINGS GROWTH FOR 1QFY2016



Censof Holdings Berhad (“Censof” or the “Group”) today announced its first quarter results for the financial year ending 31 March 2016 (‘Q1FY2016’), with a 7.9% increase in net earnings to RM5.4 million, from RM5.0 million in the corresponding quarter of the previous financial year (“Q1FY2015”).

The Group also posted revenue of RM34.1 million, 8.0% higher compared with the revenue of RM31.5 million posted in Q1FY2015.

The increase in revenue were mainly due to the higher contribution from the National Single Window (“NSW”) segment coming from the Group’s subsidiary, Dagang Nexchange Berhad (“DNex”). The Group’s Financial Management Solutions (“FMS”) segment also posted an increase in revenue for the quarter under review.

“We are pleased to see that our earnings are gaining positive momentum. We are continuously looking for opportunities to replenish our orderbook, and we are also looking at ways in which we can re-balance our portfolio between public and private sector contracts.” commented Mr. Ameer Shaik Mydin, Managing Director of Censof Holdings Berhad.

The Group’s current outstanding orderbook stands at RM38.2 million, excluding the contribution from DNex. In addition to the Group’s outstanding orderbook, it also receives annual maintenance fees from existing clients of approximately RM16 million per annum.

The Group has recently announced a proposed acquisition of a 51% stake in Asian Business Software Solutions Sdn Bhd (“ABSS”) for a total of S$10 million.

“ABSS will contribute positively towards the Group’s earnings and expand our business presence as a Group. ABSS has established significant presence in the South Asia region for the MYOB branded accounting software and Censof will be able to leverage on this presence to expand our footprint for our other products.” continued Mr Ameer.

OCK REGIONAL EXPANSION INCREASES EARNINGS

PUCHONG, 26 FEBRUARY 2015 – OCK Group Berhad (“OCK” or the “Group”), one of Malaysia’s leading telecommunications network services provider reported its fourth quarter results for the financial year ended 31 December 2014 (“Q4FYE2014”) with a revenue of RM59.5 million, translating to a 28.9% increase in comparison to its corresponding quarter for the financial year ended 31 December 2013 (“Q4FYE2013”).

The Group delivered a profit before tax (“PBT”) and profit after tax (“PAT”) of RM10.3 million and RM7.4 million, representing an earnings increase of 39.9% and 53.0% respectively as compared to Q4FYE2013.

Looking at the Group’s twelve months performance for the financial year ended 31 December 2014 (“FYE2014”); OCK continues to deliver an escalating topline performance with revenue of RM187.5 million, representing a 23.3% increase compared to FYE2013. Concurrent to its revenue, OCK also reports a PBT and PAT of RM23.8 million and RM17.9 million respective. Over a five-year period, the Group has generated a compound annual growth rate (“CAGR”) of 32.5%.

For the current financial year under review, OCK’s core business, telecommunication network services remains to be the core profit contributor with revenue of RM129.4 million, representing a 50.9% increase compared to FYE2013. The Group’s higher revenue from the telecommunication network services was partly contributed by its expanded regional business in Indonesia, Cambodia, Myanmar and China with a total revenue of RM16.9 million.

The Group’s green energy and power solution saw a dip in revenue to RM35.6 million due to the completion of the engineering, procurement, and construction of 10MWp photovoltaic electric installation in Sepang during first quarter 2014.

“Since our establishment, we have been focusing on strengthening and growing our business in Malaysia and now we are very happy to see that our regional expansion are beginning to bare fruits. We are very excited in continuing working with our regional business expansion activities as well as the strong industry prospects looming in Malaysia.” commented Mr. Sam Ooi, Group Managing Director.

As at 3 December 2014, The Group presents a healthy balance sheet with a total equity of RM185.6 million and available cash and cash equivalent of RM74.7 million, which places OCK in a favourable position to seize any lucrative opportunities that may arise.

CORPORATE HIGHLIGHTS

26 June 2014 Completed a 20% private placement in two tranche of 28,490,000 shares each raising RM74.07 million

12 November 2014 Acquired 85% of Putra Mulia Telecommunications in Indonesia

20 November 2014 Successfully transferred and listed on to the Main Market of Bursa Malaysia Securities Berhad

26 November 2014 Issuance of 176,053,636 bonus shares on a basis of 1 bonus share for every 2 existing OCK shares held

5 January 2015 Appointment of new Group CEO, Dr. Yap Wai Khee

29 January 2015 Established a new subsidiary named MIN-OCK Infrastructure Pte. Ltd. in view of OCK’s regional expansion plans to Myanmar.

“The management notes that we will be working heavily in executing our strategic growth plans moving forward both domestically and regional. Hence, the recent appointment of Dr Yap as our Group CEO is a prerequisite to solidify the Group’s internal structure in support of our expansion activities. I’m confident that we have the right people in place now and we are optimistic with our performance for the year ahead.” Mr. Ooi further added.