Kuala Lumpur, 2 December 2020 – Boustead Holdings Berhad (“Boustead” or the “Company”) reiterates the Company’s commitment to uphold the highest standards of integrity, accountability and professionalism in the conduct of its businesses throughout its operations and subsidiaries. Boustead Heavy Industries Corporation Berhad (“BHIC”), a subsidiary of Boustead, is a company with diverse interests in…
KEY HIGHLIGHTS Revenue of RM1.9 billion recorded for the third quarter. EBITDA of RM152 million for the third quarter. Loss before tax for the third quarter lowered to RM14 million, compared with a loss before tax of RM156 million in the same quarter last year. KUALA LUMPUR, November 30, 2020 – Boustead Holdings Berhad (BHB)…
Kuala Lumpur, 27 November 2020 – Boustead Holdings Berhad (“Boustead” or the “Group”) today announced the appointment of Dato’ Sri Mohammed Shazalli Ramly as its Group Managing Director, effective 1 December 2020. Dato’ Sri Mohammed Shazalli, has had an illustrious career with over 30 years of professional experience in various industries namely Telecommunications, Media & Broadcasting,…
KUALA LUMPUR, August 21, 2020 – Boustead Holdings Berhad (Boustead) is pleased to announce two new appointments to the Company’s Board of Directors, effective 21 August 2020, comprising: 1. Tan Sri Abu Bakar Abdullah as Independent Non-Executive Director 2. Dato’ Hajjah Zurainah Musa as Non-Independent Non-Executive Director Tan Sri Abu Bakar Abdullah, aged 65, brings with…
KUALA LUMPUR, July 17, 2020 – As part of its commitment to strengthen prospects and unlock value, Boustead Holdings Berhad (Boustead) today unveiled its Transformation Plan to drive the Group forward for the next three years. Premised upon the three pillars of Evolve, Efficiency and Excellence, this will set a course for the transformation of the…
KUALA LUMPUR, July 01, 2020 – Boustead Holdings Berhad (Boustead) today announced the appointment of Encik Izaddeen Daud as Executive Director of Group Business Development, effective 1 July 2020. Encik Izaddeen, aged 51, first joined Boustead’s Board of Directors as an independent non-executive director on 18 May 2020. He brings with him a wealth of experience…
KEY HIGHLIGHTS Revenue of RM2.3 billion recorded for the first quarter. EBITDA stood at RM107 million for the first quarter. Earnings impacted by challenging environment as a result of Covid-19 pandemic and the Movement Control Order (MCO). KUALA LUMPUR, June 19, 2020 – Boustead Holdings Berhad (BHB) recorded a revenue of RM2.3 billion for its…
Bottom Line Impacted by Impairments & Amortisation KEY HIGHLIGHTS Revenue up by 1% to RM10.3 billion for FY2019. EBITDA for the year stood at RM441 million, a 30.7% increase from RM337.4 million in FY2018 Excluding impairments, accelerated amortisation and gain on disposal of land, the Group’s loss before taxation stood at RM128 million, marking a…