•* Sime Darby Bhd’s* net profit for 1QFY21 rose 14.23% to RM281 million, from RM246 million a year ago, on strong growth of the group’s motors division, particularly in China. The group’s revenue for 1QFY21 also climbed 14.78% to RM10.88 billion, from RM9.48 billion a year ago, its filing with Bursa Malaysia showed.
•* PPB Group Bhd’s* third-quarter net profit rose 4.41% to RM411.57 million, from RM394.18 million a year ago, thanks to higher profit contribution from associate Wilmar International Ltd. Revenue for the quarter ended Sept 30, 2020, fell 13.17% to RM1.04 billion, from RM1.19 billion a year earlier, the group’s filing with Bursa Malaysia showed. Despite the drop in revenue, the group said its profit contribution from Wilmar increased by RM67 million to RM409 million
•* Dutch Lady Milk Industries Bhd* saw its 3QFY20 net profit fall 56.5% to RM9.24 million from RM21.23 million in 2QFY20 following a one-off valuation impact on raw material or milk investors. It declared a 40 sen second interim dividend. Quarterly revenue was 4.9% higher at This was despite 4.9% higher quarterly revenue of RM286.82 million from RM273.52 million in 2QFY20.
•* Hengyuan Refining Company Bhd’s 3QFY20 net profit tripled to RM154.91 million or 51.64 sen per share, from RM48.67 million or 16.22 sen per share in the preceding quarter, on higher average prices of oil products. Revenue for the third quarter ended Sept 30, 2020, increased 30.84% quarter-on-quarter to RM1.59 billion, from RM1.21billion. It posted a quarterly net loss of RM11.43 million reported a year earlier. Revenue, meanwhile, was just half of the RM3.23 billion reported for the year-ago third quarter.
•* Velesto Energy Bhd* posted a modest net profit of RM479,000 in 3QFY20 after a loss-making second quarter. Revenue for the quarter, however, was 7.3% lower at RM130.66 million compared with RM140.95 million in 2QFY20. Velesto said the slightly curtailed revenue was mainly due to lower revenue from its drilling services division as a result of lower average jack-up rig utilisation of 60% compared with 67% in the preceding quarter.
•* DRB-Hicom Bhd* returned to the black in 3QFY20, posting a net profit of RM47.5 million compared with a net loss of RM306.08 million in the immediate preceding quarter. its automotive segment was the main driver to lift it out of the losses in 3QFY20. Quarterly revenue ballooned nearly 78% to RM3.56 billion from RM2 billion in 2QFY20.Owing to its change of financial year-end from March 31 to Dec 31, no comparative figures were available for a yearly comparison.
•* Genting Malaysia Bhd (GenM)’s* net loss has narrowed to RM704.64 million or 12.46 sen per share against RM900.42 million or 15.93 sen per share in the immediate preceding quarter (2QFY20) as the group’s resort operations worldwide have resumed progressively during the quarter under review. Quarterly revenue surged more than 12 times to RM1.42 billion from RM114.91 million, according to its filing with Bursa Malaysia today.
Meanwhile, Genting Bhd saw its net losses narrow to RM130.75 million in 3QFY20, after posting a net loss of RM786.05 million in 2QFY20. The gaming giant said the losses in the preceding quarter were on account of losses suffered in the leisure and hospitality division following the temporary closure of its resort operations in 2QFY20, which have since resumed business with a reduced capacity. Revenue wise, the groups its revenue surged by 197.74% to RM3.3 billion, from RM1.11 billion in 2QFY20.
•* Westports Holdings Bhd’s* net profit improved 28% year-on-year to RM203.85 million for the third quarter 3QFY20, due to higher container revenue and lower operational cost. Growth in container throughput pushed up revenue to RM528.36 million, from RM460.43 million previously. Its net profit for the nine months rose to RM490.99 million from RM465.46 million previously, while revenue climbed to RM1.43 billion from RM1.33 billion.
•* Heineken Malaysia Bhd* reported a net profit of RM61.25 million for its 3QFY20, compared with the net loss of RM18.19 million it recorded in 2QFY20. Revenue jumped 86.7% quarter-on-quarter to RM473.75 million from RM253.74 million, on the back of sequential sales improvement as its on-trade channel gradually recovered during the Recovery MCO period.
•* Press Metal Aluminium Holdings Bhd’s* third-quarter net profit by 35.43% to RM121.98 million from RM90.07 million in the preceding quarter, following higher aluminium prices. The higher prices also saw the group’s revenue for the quarter ended Sept 30, 2020, rising 7.6% to RM1.86 billion from RM1.73 billion in the second quarter, the group said in a filing today. On a year-on-year basis, net profit was higher by a marginal 0.39% from RM121.56 million previously while revenue was down 12.2% from RM2.12 billion.
•* Magnum Bhd* was back in the black for its 3QFY20, posting a net profit of RM30.26 million or 2.13 sen per share from a net loss of RM23.67 million or 1.67 sen per share in the immediate preceding quarter. The number forecast operator (NFO) said the reversal of 2QFY20’s losses in its most recent financial quarter was due to the better performance achieved by its gaming division.It declared a third interim dividend of two sen per share, raising its total dividend payout to date to 6.54 sen. The latest dividend is payable on Dec 24, 2020. Total revenue for the quarter skyrocketed to RM485.71 million, from RM50.55 million in 2QFY20.
•* Tenaga Nasional Bhd (TNB)’s* 3QFY20 net profit dropped to RM1.01 billion from RM1.2 billion a year earlier as the government-controlled utility’s revenue fell due to a Covid-19 pandemic-driven decline in electricity sales. TNB said revenue fell to RM11.11 billion in the third quarter ended Sept 30, 2020 (3QFY20) from RM12.64 billion.
•* Hock Seng Lee Bhd (HSL)’s* net profit for 3QFY20 surged 174.88% to RM10.87 million, from RM3.95 million in the immediate preceding quarter, on higher revenue. The group’s revenue also jumped 94.04% quarter-on-quarter to RM161.16 million from RM83.05 million, the group’s filing to Bursa Malaysia showed. However, on a year-on-year basis, the group’s net profit for 3QFY20 fell 25.36% from RM14.56 million, while its revenue slipped 7.3% from RM173.84 million.
•* Kerjaya Prospek Group Bhd’s* net profit tripled to RM30.38 million or 2.48 sen per share I the 3QFY20, from RM10.06 million or 0.82 sen per share in the preceding quarter as the group resumed its construction projects. Quarterly revenue was also up 73.5% to RM222.21 million, from RM128.1 million in 2QFY20, according to its filing to Bursa Malaysia today. The group had proposed an interim dividend of 1.5 sen per share for the financial year ending Dec 31, 2020 (FY20), amounting to RM18.49 million. It will be paid on Jan 6, 2021.
