Sabah & Sarawak

A rough start to WTK’s financial year broadly within expectations, coming in at 20 per cent of Kenanga Investment Bank Bhd’s (Kenanga Research) fullyear forecast.

WTK Holdings Bhd (WTK) saw a rough start to the beginning of its financial year 2018 (FY18) as it incurred a core net loss of RM19.4 million in its first quarter (1Q18) due to losses from its timber and plantation divisions. The shortage of quality logs coupled with the increased in costs of production were the main factors for the loss making timber division, said Affin Hwang Investment Bank Bhd (AffinHwang Capital). New partnership gives Sarawak transport players digital visibility

A collaboration between Social Community Technology (Socoe) and Sarawak Lorries Transport Association will provide online presence for truck and carriage companies in the state. This collaboration strives to elevate transportation services to better connect and improve through this digital platform. Bintulu Port’s 1Q18 dragged by Samalaju

New sukuk expenses, increased total amortisation expenses from Samalaju Industrial port and poorer performance from Bintulu Port dragged Bintulu Port Holdings BHd (Bintulu Port) in its first quarter of financial year 2018 (1Q18). To note, 1Q18 net profit of RM31.2 million was deemed North Sabah lifts Hibiscus Petroleum’s 9MFY18 PAT to RM105 million cent from RM97.4 million achieved in the corresponding period ended March 31, 2017.

The group in a statement also reported earnings before interest, taxes, depreciation and amortisation (EBITDA) of RM156.9 million for 9MFY18, an increase of 46 per cent compared to RM107.5 million in 9MFY17. embarking on a multi-billion ringgit development project in Langkawi.

The Langkawi New City project, expected to cost around RM30 billion, will be located on about 81 hectares of reclaimed land off the west side of the island.

Hibiscus Petroleum Bhd (Hibiscus Petroleum) announced a profit after tax ( PAT) for the nine-month period ended March 31, 2018 (9MFY18) of RM105 million, up eight per Ting Pek Khiing to start RM30 billion new Langkawi City project

After keeping a low profile for the last 16 years, developer Tan Sri Ting Pek Khiing will be