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…
KUALA LUMPUR, November 29, 2010 – Boustead Holdings Berhad (Boustead) continued its strong performance into its third quarter ended September 30, 2010. For the nine-month period under review, the Group registered a profit after tax at RM390 million compared with the corresponding period for the previous financial year of RM239 million. This represents a 63%…
KUALA LUMPUR, November 2, 2010 – Boustead Holdings Berhad (Boustead) is set to put into motion a strategic corporate initiative which is expected to fuel its acquisition drive and pare down short-term borrowings. Boustead will undertake a guaranteed medium term notes (MTN) programme which will have a tenure of up to seven years from the…
KUALA LUMPUR, August 23, 2010 – Boustead Holdings Berhad (Boustead) registered a strong profit after tax of RM161 million for its second quarter ended June 30, 2010 compared with a profit of RM104 million registered in the first quarter of the current financial year. This was achieved on the back of a turnover of RM1.4…
KUALA LUMPUR, June 11, 2010 – Boustead Holdings Berhad (Boustead Group) is set to strengthen its position in the pharmaceutical industry via the proposed acquisition of Pharmaniaga Berhad (Pharmaniaga), a member of UEM Group Berhad (UEM). The proposed exercise will involve the Boustead Group acquiring 86.81% of the issued and paid-up share capital of Pharmaniaga…