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Zecon seeks extension of standstill agreement with financiers

KUCHING: Zecon Bhd has requested its financiers to extend the standstill agreement between them for another six months. The one-year standstill agreement signed between Affin Hwang Investment Bank Bhd, Bank Pembangunan Malaysia Bhd and Affin Bank Bhd (financiers) with Zecon and Huang Hong Sdn Bhd on Sept 24, 2021 expired on Sept 23, 2022. Prior […]

Rimbunan Sawit reports net profit of RM9.65 mln

KUCHING: Rimbunan Sawit Bhd has bounced back with group net profit of about RM9.65 million in second quarter to June 30, 2022 (Q22022) from loss of RM37,000 in Q22021 as a result of higher production volume and sale prices of fresh fruit bunches (FFB), crude palm oil (CPO) and palm kernel (PK). Group revenue surged […]

Zecon returns to profitability in FY20

KUALA LUMPUR: Zecon Bhd returned to profitability for the financial year ended June 30, 2020 (FY20), with a net profit of RM39.744 million against a net loss of RM20.97 million in FY19. The property and construction firm also recorded a higher revenue of RM507.51 million compared to RM370.44 million previously. For the fourth quarter, the […]