KUALA LUMPUR, April 5, 2019 – Boustead Holdings Berhad (BHB) today announced the appointment of its new Managing Director, Dato’ Sri Amrin Awaluddin, effective May 6, 2019. Dato’ Sri Amrin has had a notable career with 30 years of experience in the corporate arena. He began his career in the financial services industry and has…
KUALA LUMPUR, March 15, 2019 – Boustead Holdings Berhad’s subsidiary, Boustead Hotels & Resorts Sdn Bhd, today entered into a sale and purchase agreement with Every Room A Home Sdn Bhd, a subsidiary of Hotel Royal Limited, to dispose its Royale Chulan Bukit Bintang Hotel, which is located along Jalan Bukit Bintang for a total…
KUALA LUMPUR, November 30, 2018 – Boustead Holdings Berhad (BHB) recorded a profit after tax of RM40 million for its third quarterended 30 September 2018. Profit before tax (PBT) came in at RM64 million while revenue stood at RM2.5 billion. For the nine-month period ended 30 September 2018, the Group posted a PAT of RM77…
KUALA LUMPUR, August 1, 2018 – Marking its 13th consecutive year, the BHPetrol Orange Run is here once again! A joint collaboration between BHPetrol, Polis DiRaja Malaysia, Majlis Bandaraya Petaling Jaya and Affin Bank, the annual event aims to support healthier lifestyles and contribute to those in need in society. The purchase consideration for the…
KUALA LUMPUR, August 1, 2018 – Boustead Plantations Berhad (BPB) entered into a sales and purchase agreement today for the acquisition of approximately 4,900 hectares (ha) of oil palm plantation land in Sabah, inclusive of a 75-metric tonne (MT) per hour palm oil mill. The purchase consideration for the land is RM397 million, derived at…
KUALA LUMPUR, May 31, 2018 – Boustead Holdings Berhad (BHB) delivered an improved performance for its first quarter ended 31 March 2018, with a profit after tax of RM38 million, up by 46% from RM26 million in the same quarter last year. Profit before tax jumped to RM70.3 million while revenue came in at RM2.2…
Declares First Interim Dividend of 2.5 sen KUALA LUMPUR, May 23, 2018 – Boustead Plantations Berhad (BPB) registered a profit before tax of RM8 million for its first quarter ended 31 March 2018. Profit after tax for the period was RM2 million, while revenue stood at RM155 million. Net assets per share was at RM1.85…
KUALA LUMPUR, May 8, 2018 – Boustead Plantations Berhad (BPB) today announced its intention to acquire approximately 5,500 hectares (ha) of plantation land, inclusive of a 60 tonne per hour (TPH) palm oil mill in Sabah. The indicative market value of the plantation land together with the 60 TPH palm oil mill is expected to…
PETALING JAYA, April 12, 2018 – Boustead Holdings Berhad (BHB) marked a significant milestone in 2017, surpassing RM1 billion in profit before tax, a first for the Group. BHB will continue to build on its strong foundation and diversified core businesses to ensure the sustainable growth of the Group. For the financial year ended 31…
KUALA LUMPUR, February 28, 2018 – Boustead Holdings Berhad delivered a strong performance for the year ended 31 December 2017, posting a record-high profit before tax (PBT) of RM1.1 billion compared with RM740 million last year. Profit after tax (PAT) jumped to RM923 million while revenue increased to RM10 billion. This improved performance was driven…