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LONG HAPSENG AND DIALOG. At the same time, dialog warrant also listing tomorrow.
SBC Corp Bhd's pre-tax profit for the third quarter ended Dec 31, 2011, fell to RM6.35 million from RM9.07 million in the same period last year. Revenue dropped to RM31.44 million from RM54.8 million previously, SBC said in a statement today. "The reduction was due to the completion of PJX development in Petaling Jaya," it said. However, for the nine-month period, SBC's pre-tax profit increased to RM22.24 million from RM14.44 million in the same period last year, while revenue rose to RM100.02 million from RM89.03 million previously. "The main contribution to the improvement was the progress works of the Peak Vista II project in Kota Kinabalu," it added. -- Bernama
Hap Seng Consolidated Bhd's pre-tax profit for the financial year ended Dec 31, 2011 rose to RM634.999 million compared with RM504.456 million in the previous year. Revenue increased to RM3.628 billion from RM2.789 billion previously. For its fourth quarter ended Dec 31, 2011, the company posted a lower pre-tax profit of RM164.946 million from RM171.514 million in the corresponding quarter in 2010. Revenue for the three-month period rose to RM974.637 million from RM810.881 million. In a filing to Bursa Malaysia today, the company said the higher revenue for its fourth quarter was attributable to higher revenue from all of its divisions except for the property division. Hap Seng Consolidated is an entity with diversified businesses in plantations, property investment and development, credit financing, trading of fertilizers and automotive, as well as building materials and stone quarries. Moving forward, the company expects its business segments to continue to operate in a challenging environment. "In spite of this, the group's prospects for the financial year ending Dec 31, 2012 are expected to be positive as the markets in which the company's business segments operate are expected to remain resilient," the company said. -- Bernama
Dialog Group Bhd's pre-tax profit for the second quarter ended Dec 31, 2011 rose to RM51.676 million from RM46.985 million in the same period 2010. Revenue jumped to RM358.620 million from RM268.532 million in 2010 due to revenue consolidation from the newly-acquired New Zealand-based fabrication and multi-disciplined engineering company, Fitzroy Engineering Group Ltd. It said revenue contribution from Malaysia and Asia operations also increased significantly mainly due to higher revenue from specialist products and services recorded. "Barring any unforeseen circumstances, the group is optimistic its performance will be favourable for the financial year ending June 30, 2012," it said in a filing to Bursa Malaysia. -- Bernama
RCE Capital Bhd's pre-tax profit fell 10.4 per cent to RM105.237 million for the nine-month period ended Dec 31, 2011 from RM117.44 million in the previous corresponding period. The decrease was contributed by the loan financing segment, which posted a lower pre-tax profit by RM8.6 million arising from lower interest income generated from its loans and receivables. In a filing to Bursa Malaysia today, the personal loan and consumer-financing services provider said its revenue also decreased to RM180.67 million from RM210.687 million previously. For the third quarter alone, RCE Capital posted a lower pre-tax profit of RM30.645 million compared with RM42.401 million in the same period 2010. The company's revenue declined to RM61.11 million from RM77.179 million. On the current year prospects, RCE Capital said it would be proactive in seeking opportunities as part of the group's efforts to expand its loan financing business. "The group has commenced assisting the co-operatives to venture into Islamic pawnbroking, otherwise known as Ar-Rahnu business," it said. However, RCE Capital remains conservative on its performance for the remaining financial year ending March 31, 2012 given the volatility in current market and economic uncertainties. "The group is cautious of its performance for the remaining financial year ending March 31, 2012 arising from its reduced loan portfolio as well as the overall market uncertainties," it said. -- Bernama