KUALA LUMPUR, November 20, 2012 – Boustead Holdings Berhad (Boustead) demonstrated once again its ability to deliver improved earnings as the Group recorded a profit after tax of RM107 million for the third quarter ended 30 September 2012 compared with RM56 million for the second quarter of the current financial year, signifying a commendable 91%…
KUALA LUMPUR, October10, 2012 Boustead Holdings Berhad (BHB) today received overwhelming approval by UAC Berhad (UAC) shareholders for the privatisation of UAC. At its Extraordinary General Meeting (EGM) today, UAC shareholders approved BHB’s Proposed Selective Capital Reduction and Repayment Exercise and a Proposed Dividend by UAC. As a majority shareholder with a 65% stake in…
KUALA LUMPUR, August 22, 2012 – Boustead Holdings Berhad (Boustead) recorded a profit after tax of RM56 million for the second quarter ended 30 June 2012 compared with RM189 million for the first quarter of its current financial year. The results were strongly influenced by lower crude palm oil prices and a slowdown in the…
JOHOR, June 14, 2012 – Mutiara Rini Sdn Bhd, which is part of the Property Division of the Boustead Group, recently held the official ground-breaking ceremony marking the commencement of the development of Johor Affordable Homes in Mutiara Rini in Skudai, Johor. Mutiara Rini Sdn Bhd is set to develop a total of 1,032 units…
KUALA LUMPUR, May 28, 2012 – Boustead Holdings Berhad (Boustead) kicked of the new financial year on a resounding note recording a profit after tax of RM189.3 million for the first quarter ended March 31, 2012. This signifies a 41% growth over the previous year’s first quarter results of RM134.5 million. The Group’s profit before…
KUALA LUMPUR, May 21, 2012 – Boustead Holdings Berhad (BHB) today announced its intention to privatise UAC Berhad (UAC) by way of a Proposed Selective Capital Reduction and Repayment Exercise (Proposed SCR) and a Proposed Dividend by UAC (collectively referred to as the Proposals). BHB currently holds 65% equity interest in UAC. Pursuant to the…
KUALA LUMPUR, April 9, 2012 – Boustead Holdings Berhad intends to capitalise on the momentum garnered from the record results for the year ended 31 December 2011 while focusing on staying lean and mean in its business units that span key sectors of the economy. The Group ended the year with a solid performance registering…