Budget 2023: Hits and misses
‘In public administration, there is no connection between revenue and expenditure.’ — Ludwig von Mises (1881-1973), economist. While the 2023 budget may have met some expectations previously outlined, it falls woefully short in several critical areas, particularly in creating a secure foundation for spending and revenue. It’s a disappointing result from a government that should […]
Bintulu Port FY2022 revenue rises to RM791.26 mln
KUALA LUMPUR: Bintulu Port Holdings Bhd’s net profit for the financial year ended Dec 31, 2022 (FY2022) fell to RM127.72 million from RM363.19 million a year ago. Revenue, however, rose by 8.63 per cent to RM791.26 million from RM728.39 million previously contributed by higher revenue from port’s services at Bintulu Port, Samalaju Industrial Port and […]
Sarawak Plantation Bhd posts RM30 million net profit in Q2
KUCHING: Sarawak Plantation Bhd (SPB) has reported a marginal increase in its group net profit to RM30 million in second quarter ended June 30, 2022 (Q22022) from about RM29.4 million in Q22021 on higher group revenue. Group revenue surged to RM207.1 million from RM192.6 million or up by RM14.5 million during the same period. The […]
SCB targets transmission lines’ construction, maintenance projects
KUCHING: Sarawak Cable Bhd (SCB) is targeting specialised transmission lines’ construction and related maintenance projects to boost its revenue. The focus is part of the group’s turnaround strategy besides concentrating on its core business of cables manufacturing to improve its future financial performance, said company group managing director Dato Ahmad Redza Abdullah. He said SCB […]
Dutch Lady’s Q1 net profit rises to RM20.57 mln
KUALA LUMPUR: Dutch Lady Milk Industries Bhd’s (DLMI) net profit for the first quarter (Q1) ended March 31, 2022 rose to RM20.57 million from RM16.88 million in the same period last year. Revenue increased 15.9 per cent to RM299.87 million from RM258.64 million previously, driven by enhanced economic activities due to the relaxation of movement […]
