KEY HIGHLIGHTS Boustead returns to the black after 6 consecutive quarters of losses Profit Before Taxation and Zakat surged at RM121.3 million EBITDA at RM274.2 million, improvement of 156% KUALA LUMPUR, 31 May 2021 – Boustead Holdings Berhad (Boustead) returns to the black in the first quarter ended 31 March 2021 (Q1 FY2021) with…
KUALA LUMPUR, 30 APRIL 2021: We refer to the news article titled “Who’s next after Zeti, Amrin?” which appeared on the online news portal New Straits Times today at 10.25am. We wish to clarify that such changes of leadership at Boustead Holdings Berhad (Boustead) as reported by the article are UNTRUE. The Star and The…
KUALA LUMPUR, 29 APRIL 2021: We refer to the news article titled “Speculation rife about Boustead’s MD Shazalli Ramly heading to LTAT” which appeared on the online news portal The Edge Markets on Wednesday 28 April 2021, 4.46pm. We wish to clarify that such changes of leadership at Boustead Holdings Berhad (Boustead) as reported by…
KUALA LUMPUR, 29 APRIL 2021: We refer to the news article titled “Exclusive: Shazalli is tipped to be new LTAT CEO” which first appeared on the The Star Online on Wednesday 28 April 2021, 1.41pm. We wish to clarify that such changes of leadership at Boustead Holdings Berhad (Boustead) as reported by the article are…
KEY HIGHLIGHTS Revenue lowered by 24% to RM 7.86 billion for FY2020 Loss After Tax and Zakat (LAT) for FY2020 stood at RM500.7 million, a reduction by 64% from LAT of RM1.39 billion in FY2019 EBITDA for the year stood at RM581 million, up by 28% from RM455.2 million in FY2019 KUALA LUMPUR, 31…
Kuala Lumpur, 19 March 2021 – Boustead Holdings Berhad (BHB) has taken another step to fortify its Reinventing Boustead initiative by disposing its Klang-based international cruise terminal and stay focused on the core investments. The Company today entered a conditional share sales agreement with Westports Holdings Berhad and Klang Port Management Sdn Bhd to dispose…
Kuala Lumpur, 2 Februari 2021 – Lembaga Pengarah Boustead Holdings Berhad (“Boustead” atau “Kumpulan”) hari ini telah menerima pemakluman daripada Lembaga Tabung Angkatan Tentera (“LTAT”) bahawa Cadangan Penswastaan (“Cadangan”) tidak akan diteruskan buat masa ini. Keputusan ini dicapai setelah mengambil kira pelbagai faktor risiko dalam menjalankan Cadangan tersebut, terutamanya keadaan ekonomi semasa yang mencabar kesan daripada…
Kuala Lumpur, 2 February 2021 – The Board of Boustead Holdings Berhad (“Boustead” or the “Group”) has today received a notification from Lembaga Tabung Angkatan Tentera (“LTAT”) informing that the Privatization Proposal (“Proposal”) will not be pursued at this juncture. This decision was reached after taking into account the various risk factors in implementing the Proposal,…
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…
