Breadmaker Bimbo hit by profit slump, cuts earnings outlook
Mexican breadmaker Bimbo’s first quarter net profit fell by about 42% from a year earlier, the company says, citing foreign…
Corporate News
DXN 4Q net profit jumps 43%
DXN Holdings Bhd’s net profit jumped by about 43% year-on-year (y-o-y) to RM79.02mil in the fourth quarter ended Feb 29,…
UnitedHealth says hackers possibly stole large amount of data
UnitedHealth Group says that hackers stole health and personal data of potentially a “substantial proportion” of Americans from its systems…
Axis-REIT shows improved quarterly performance
Axis Real Estate Investment Trust (Axis-REIT) remains positive about the outlook of its current financial year, buoyed by its existing…
Sasbadi reports highest ever quarterly revenue
PETALING JAYA: Sasbadi Holdings Bhd reported its highest-ever quarterly revenue of RM35.02mil for the second quarter ended Feb 29, 2024…
US sues to block Coach and Michael Kors merger
The US Federal Trade Commission (FTC) on Monday sued to block Coach parent Tapestry’s US$8.5bil deal to buy Michael Kors…
KIP-REIT aims to scale up operations
KIP Real Estate Investment Trust (KIP-REIT) aims to scale up its operations and increase total assets under management to RM2bil…
Aneka Jaringan leverages order book for growth
KUALA LUMPUR: Aneka Jaringan Holdings Bhd will capitalise on its current order book of RM233.16mil as of Feb 29, 2024,…
SGX proposes rule change on shareholder meetings
Listed companies may soon need to start making efforts to facilitate general meetings within 21 days of shareholders delivering a…