KUALA LUMPUR, May 30, 2011 – Boustead Defence Technologies Sdn Bhd (BDTSB) a subsidiary of Boustead Heavy Industries Corporation Berhad (BHIC) signed a joint venture (JV) and share holder agreement with Prokhas Manager Sdn Bhd (PMSB) to produce, market and sell propellant and related products for the defense sector. Under the new joint venture company,…
KUALA LUMPUR, May 27, 2011 – Boustead Holdings Berhad (Boustead) kicked off the new financial year on a high note recording a strong profit after tax of RM134.5 million for the first quarter ended March 31, 2011. This marked a 29% increase over the previous year’s first quarter results of RM104 million. The Group’s profit…
KUALA LUMPUR, 26 May 2011 – For its first quarter ended 31 March 2011, Boustead Heavy Industries Corporation Berhad (BHIC) recorded revenue of RM117 million, an increase of 32% as compared with RM88 million reported in the corresponding period last year. This increase was mainly attributed to the contribution from defence related projects, which included…
