Latest news with #RM172
BusinessToday
20 hours ago
- Business
- BusinessToday
Bursa's 1HFY25 PAT Declines 19% To RM125 Million, Declares 14 sen Dividend
Bursa Malaysia Berhad posted a Profit After Tax, Zakat and Minority Interest of RM125.5 million for the first half ended 30 June 2025. This represents a decrease of 19.3% from RM155.5 million reported for the first half ended 30 June 2024. The Exchange said the lower PATAMI was primarily attributed to 8.1% decrease in operating revenue, to RM344.3 million in 1H2025 from RM374.5 million in 1H2024 Revenue for the second quarter was also down to RM172 million from RM199 million in the preceding year's quarter, and profit after tax declined to RM57 million from RM80 million in 2QFY24. Concurrently, Bursa saw its total operating expenses increase by 6.6% to RM189.3 million in 1H2025, against RM177.6 million in 1H2024, primarily due to higher staff costs and technology-related expenses to support product expansion across asset classes, and capacity building, as well as an increase in administrative and building management expenses. As for the Derivatives Market, the trading revenue saw a notable increase of 8.1% to RM56.1 million in 1H2025 from RM51.9 million in 1H2024, mainly due to higher Average Daily Contracts ('ADC') traded for Crude Palm Oil Futures ('FCPO'). In line with the strategy to grow the derivatives business, the Exchange relaunched Single Stock Futures in 1H2025 with enhanced specifications to broaden its investor base and boost trading the Islamic Market front, operating revenue recorded a 23.0% increase to RM11.0 million in 1H2025 from RM9.0 million in 1H2024, mainly driven by higher Bursa Suq Al-Sila' ('BSAS') trading revenue of RM9.6 million in 1H2025 from RM8.3 million in 1H2024. Trading revenue from Bursa Gold Dinar doubled, to RM1.4 million in 1H2025 from RM0.7 million in 1H2024. Meanwhile, operating revenue from the Data Business segment increased by 6.4% to RM40.5 million in 1H2025 from RM38.0 million in 1H2024, as a result of licensing subscriptions expansion, driven by rising demand for high-quality, actionable data across financial and sustainability domains. Commenting on the market outlook, Bursa CEO Dato' Fad'l Mohamed said, 'Malaysia's capital market remains resilient, supported by strong economic fundamentals, accommodative monetary policies, and clear government policies, which are unlocking growth opportunities in strategic industries.' The Board of Directors has declared an interim dividend of 14.0 sen per share for the financial year ending 31 December 2025. This amounts to RM113.3 million, corresponding to a dividend payout ratio of 90.3%. Related
Barnama
17-07-2025
- Business
- Barnama
CBH Engineering Wins RM172 Mln Data Centre Substation Contract
KUALA LUMPUR, July 17 (Bernama) -- CBH Engineering Holding Bhd's wholly-owned subsidiary, CBH Engineering Sdn Bhd, has secured a contract to design and build an electrical supply system for a 275 kilovolt (kV)/13.8kV consumer substation for RM172 million. 'The board is unable to disclose the identity of the employer as the employer is not agreeable to provide consent for disclosure to this announcement,' CBH said in a filing to Bursa Malaysia today. 'Upon the formal appointment of the general contractor by the employer (general contractor), CBH Engineering's rights, obligations, liabilities, and responsibilities under the contract shall be novated and/or transferred to the general contractor, with terms and/or amendments to be made to the contract,' it added.
New Straits Times
17-07-2025
- Business
- New Straits Times
CBH Engineering wins RM172mil data centre substation job in Selangor
KUALA LUMPUR: CBH Engineering Holding Bhd has bagged a RM172 million contract to build a consumer substation's electrical supply system for a proposed data centre in Selangor. In a filing with Bursa Malaysia, the company said its unit CBH Engineering Sdn Bhd secured the contract from an unnamed client. The project will span 14 months, commencing on July 11 and scheduled for completion by Sept 10, 2026. "The scope of works comprises supplying, erecting, installing, testing and commissioning all substation equipment and associated civil works for the electrical supply system," CBH Engineering said. CBH Engineering provides mechanical and engineering services, including maintenance of electrical systems across various voltage levels, as well as mechanical systems such as air conditioning, fire protection and plumbing.
New Straits Times
26-06-2025
- New Straits Times
GOF seizures soar to RM172mil with 878 arrests
KOTA BHARU: The General Operations Force (GOF) recorded seizures worth over RM172 million in the first six months of this year, a fivefold increase compared to RM34 million during the same period last year. Southeast Brigade commander Datuk Nik Ros Azhan Nik Ab Hamid said the seizures were linked to a total of 937 cases, which also saw the arrest of 878 individuals, including 813 men. "The majority of the smuggling activities detected involved subsidised goods such as cooking oil, petrol, and diesel, with 181 cases recorded. "Smuggling of grocery items, seedlings, rice, and livestock were among the most common offences," he said when contacted today. Ros Azhan said the GOF continues to tighten border security to curb ongoing smuggling activities. "Compared to last year, there has been a significant increase in the value of seized goods, indicating that smugglers remain persistent despite heightened enforcement efforts. "Although tackling smuggling is challenging and perpetrators are constantly finding new ways to bypass security, "I want to remind them that firm action will be taken against anyone caught committing cross-border crimes," he said.
The Sun
09-05-2025
- Business
- The Sun
‘Sick' projects: 31 of 34 completed in April; rest expected to by ready by year end
SEREMBAN: A total of 31 out of 34 troubled or 'sick' projects by PR1MA Corporation Malaysia (PR1MA) nationwide have been completed, encompassing 20,470 residential units as of April, said Housing and Local Government Minister Nga Kor Ming. The minister said that the remaining three projects -- two in Melaka and one in Kedah – will be completed by the end of this year, with the full support of his ministry (KPKT) and related agencies. 'The troubled projects were inherited from the previous government and former management of PR1MA. When I was given the mandate and responsibility, we found, after a review, that there were 34 troubled projects nationwide, and we have now completed 31 of them. 'In Negeri Sembilan, in two years we successfully salvaged three troubled projects namely in Seremban Sentral, Port Dickson and Rantau, involving 2,929 housing units, thanks to the contractors and buyers who were patient,' he told reporters after handing over the keys to Residensi Bandar Ekar, Rantau housebuyers here today. He said any contractor or company, including company directors, who cause projects to fail without reasonable justification will be blacklisted and not allowed to participate in any projects under the KPKT and PR1MA. He said when the tender process is opened or Request for Proposal (RFP) is carried out, those blacklisted will be disqualified, ensuring that there will be no more abandoned projects in the future. In the meantime, Nga said the Residensi Bandar Ekar project, with a gross development value of RM172 million, involves 766 units of one-and-a-half and two-storey terrace houses that started on Feb 1, 2017, and was scheduled for completion on May 31, 2020. He said that out of that number, 752 units had been sold at competitive and affordable prices starting from RM165,000 to RM224,000, in addition to the project being equipped with various facilities including a kindergarten, surau and playground. 'Due to various constraints including tje COVID-19, supply of building materials and labour, housebuyers were unable to occupy their units, but finally after five years, this project has been completed,' he also said, adding that PR1MA is planning to launch the second phase of the project soon. In another development, Nga did not deny that some local authorities (PBT) were negligent in managing the MyKiosk project and hoped they would be responsible for ensuring the project is taken up within the next 30 days. Regarding the construction project of the waste-to-energy (WTE) plant at the Sungai Udang Sanitary Landfill site in Melaka, he said that they are in discussions with the concession company and will commence construction as soon as an agreement is reached. 'It's up to the National Solid Waste Management Department (JPSPN) to discuss with the concession company (actual timeframe). I don't want to force it, I want it to be voluntary because we want a win-win formula,' he added.
