KUALA LUMPUR, June 7, 2011 – With the entry of Boustead Holdings Berhad (Boustead) as the majority shareholder of Pharmaniaga Berhad, this pharmaceutical group can look forward to brighter prospects given the Boustead Group’s intention to strengthen the earnings potential of Pharmaniaga. For the year ended 31 December 2010, Pharmaniaga Berhad registered a profit before…
KUALA LUMPUR, July 6, 2011 – Boustead Holdings Berhad (BHB), in an effort to comply with listing requirements to pare down its current stake of 97.81% in Pharmaniaga Berhad (Pharmaniaga), will undertake a series of corporate exercises which will have a positive value creation for existing shareholders of BHB and Pharmaniaga. The corporate exercises consist…
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…
KUALA LUMPUR, April 21, 2011 – MHS Aviation Berhad (MHS) sealed a RM3 billion contract to provide helicopter services for leading oil and gas companies operating in Malaysia.. The contract was signed between officials from MHS and Petronas Carigali Sdn Bhd, ExxonMobil Exploration and Production Malaysia Inc and Newfield Peninsular Malaysia Inc. Spanning over a…
KUALA LUMPUR, April 6, 2011 – Boustead Heavy Industries Corporation Berhad (BHIC) is confident that its current initiatives particularly in the commercial ship building, naval ship building, repairs and maintenance, oil and gas and weaponry and electronics are set to provide the Group with a steady and growing revenue stream. For its financial year ended…
KUALA LUMPUR, March 28, 2011 – Boustead Holdings Berhad (Boustead Group) expanded its business portfolio with the Group’s official entry into the local aviation industry through its acquisition of MHS Aviation Berhad (MHS). The acquisition consisting of a 51% stake worth RM100 million was sealed in a sales and purchase agreement (SPA) by officials from…
KUALA LUMPUR, February 25, 2011 – Boustead Holdings Berhad (Boustead) recorded a solid performance for the final quarter of the financial year ended 31 December 2010 supported by strong contribution across all its Divisions. The Group delivered a significantly improved profit after tax of RM235 million for the quarter under review compared with the preceding…