KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Yinson Holdings Bhd has commenced operations of its largest FPSO, Agogo FPSO, under a 15-year charter worth over US$5bn.
Iris Corporation Bhd failed in its appeal against a High Court decision to dismiss its lawsuit against nine former directors over losses from subscribing shares in a UK-based firm.
Tenaga Nasional Bhd will maintain its regulated profit margin at 7.3% during the RP4 from 2025 to 2027 and any profits above this rate will be returned to consumers via the Electricity Industry Fund.
MR DIY Group (M) Bhd saw its 2QFY2025 net profit rise 2.2% YoY to RM158.6mn from RM155.2mn, as higher revenue and margin gains offset increased administrative and operating expenses.
ES Sunlogy Bhd said its joint development of a 155MWp large-scale solar photovoltaic power plant in Long Lama, Baram, Sarawak, will cost RM488.2mn and the project will be funded 80% via bank borrowings and 20% from internal funds.
Avangaad Bhd, formerly EA Technique (M) Bhd, is disposing of its FSO vessel FOIS Nautica Tembikai for US$10.5mn cash.
Magma Group Bhd has completed its RM379.2mn capital reduction exercise to strengthen its balance sheet and enhance financial flexibility for expansion.
Petronas Chemicals Group Bhd posted a RM1.08bn net loss in 2QFY2025 versus a RM777mn net profit a year earlier, weighed by lower sales volumes, weaker product prices, asset impairments and unrealised forex losses.
VSTECS Bhd’s 2QFY25 net profit jump to RM20.2mn from RM15.3mn a year ago, driven by higher sales across its ICT distribution, enterprise systems, and ICT services segments.
Master-Pack Bhd posted a 74% YoY drop in 2QFY25 net profit to RM1.6mn from RM6.2mn, due to margin compression from price cuts and a RM130,000 forex loss.
RCE Capital Bhd’s 1QFY26 net profit of RM26.0mn was down 14.3% YoY from RM30.3mn, weighed by higher impairment allowances on receivables.
Eonmetall Group Bhd registered a RM4.1mn net loss in 2QFY2025, reversing from a RM702,000 net profit a year earlier, on lower margins, higher raw material usage, and increased factory overheads.