KUALA LUMPUR, November 7, 2008 – Al-Hadharah Boustead REIT (Al-Hadharah REIT or the Fund), one of the larger and more successful REITs is on track with a strong performance for its nine month period ended 30 September 2008. The REIT recorded a cumulative unaudited net income after tax of RM50 million compared with RM36 million…
KUALA LUMPUR, September 3, 2008 – The capabilities and expertise of the Malaysian maritime industry can be further enhanced via strategic alliances and collaborative efforts amongst industry participants. One such strategic alliance was sealed today with the signing of a contract between Boustead Penang Shipyard Sdn Bhd, a wholly-owned subsidiary of Boustead Heavy Industries Corporation…
KUALA LUMPUR , August 19, 2008 – Amidst global uncertainty, rising cost and depressed market sentiments, Boustead Holdings Berhad (BHB) has done it again. For the first half of its financial year ended 30 June 2008, the Group posted an unaudited profit before tax of RM450 million on the back of a turnover of RM3.9…
KUALA LUMPUR, August 12, 2008 – Boustead Heavy Industries Corporation Berhad (BHIC) continues to deliver significantly improved performance in its current financial year. For the second quarter ended June 30, 2008, the Group recorded a profit after tax of RM35.4 million on the back of a turnover of RM111.4 million. This marks an increase of…
KUALA LUMPUR, August 6, 2008 – In a strategic move that is aimed at enhancing unitholders value, Al-Hadharah Boustead REIT (REIT) intends to increase its plantation size from 12,000 hectares to 16,000 hectares with the acquisition of two more plantations, namely the Bebar and Malakoff estates in Pahang and Penang respectively. Both estates will have…
KUALA LUMPUR , July 18, 2008 – Boustead Holdings Berhad (BHB) is on course with its plan to successfully complete its privatisation of Boustead Properties Berhad (Boustead Properties). This significant corporate exercise is part of the Group’s effort to streamline and drive the Group’s growth. As of 5.00pm, 17 July, 2008, BHB is in control…
KUALA LUMPUR , June 26, 2008 – Boustead Holdings Berhad (BHB) is on course with its plans to strengthen its earnings potential with the voluntary take-over of Boustead Properties Berhad (Boustead Properties). At its Extraordinary General Meeting today, BHB will seek the approval of its shareholders to take up the voluntary offer for the remaining…
KUALA LUMPUR , April 3, 2008 – With strong contributions from Boustead Holdings Berhad’s Plantation and Heavy Industries Divisions, the Group achieved record-breaking profits for its financial year ended December 31, 2007. Given its track record and constantly surpassing expectations, the Group once again outperformed its targets for the year. Boustead marked an 115% increase…
KUALA LUMPUR , May 20, 2008 – Boustead Holdings Berhad (Boustead) continued its sterling performance into the first quarter of its financial year 2008 with a profit before tax of RM234 million on the back of turnover of RM1.8 billion. This represented a 91% increase in turnover and an outstanding rise in profit before tax…
KUALA LUMPUR, May 16, 2008 – Boustead Heavy Industries Corporation (BHIC) continues to strengthen its reputation as one of the leading participants in the maritime sector by having successfully secured two construction contracts worth RM205 million today. The contracts for the construction of 2 separate 111m Accommodation Work Barges were signed between Boustead Penang Shipyard…