Isnin, 28 November 2011

NST Online Business Times : latest

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NST Online Business Times : latest


IJM Q2 income slumps on forex losses

Posted: 28 Nov 2011 05:14 PM PST

IJM Corp, a Malaysian builder, said second-quarter net income dropped 35 per cent to RM74.8 million from RM115.1 million a year earlier.

Profit fell due to foreign exchange losses on dollar-denominated debt in its infrastructure division after booking a currency gain in the same period a year earlier, IJM said in a statement. -- Bloomberg

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MRCB gains on tripling Q3 profit

Posted: 28 Nov 2011 05:17 PM PST

Malaysian Resources Corp, a property developer and builder, rose the most in almost a month in Kuala Lumpur trading after third-quarter profit almost tripled to RM10.7 million.

The stock gained 3.2 percent to RM1.95 at 9:03 a.m. local time, set for its biggest gain since Nov. 2. -- Bloomberg

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