Consequently, it recorded a net profit of RM6.67 million for the three months ended Sept 30, 2019, as compared with a net loss of RM274.57 million in the same quarter last year — when it recorded a share of loss from its associate Syarikat Pengeluar Air Selangor Holdings Bhd.
The recording revealed that Ali had called for the meeting to protect the reputation of Najib.
In particular, EMIR Research found that the cost of living was the source of most worry for Malaysians surveyed — with a score of 0.81.
The recording of the meeting was played again in the High Court for Ambrin as prosecution witness today. It revealed that former chief secretary Tan Sri Ali Hamsa told the then AG to manage his diligent "younger officers", to take care of national interest and leadership.
He said Menang will only look into conducting such acquisitions once it receives the cash from the disposal of non-core assets.
The group’s revenue for the quarter, however, fell 5% to RM93.62 million from RM98.36 million in the previous year.
On its prospects, the group said it had launched 2,320 housing units year-to-date with a combined gross development value of RM1.4 billion.
The piling company's net profit came in at RM8.84 million in 1QFY20, down 41.2% from RM15.04 million in the previous corresponding quarter. Quarterly revenue shrank to RM135.3 million in 1QFY20 from RM200.2 million a year ago, according to its filing to Bursa Malaysia yesterday.
Mah Sing group managing director Tan Sri Leong Hoy Kum: We have always believed that properties in the affordable range and at good locations are still seeing good demand.
This brings the property developer’s full year net profit to RM126.82 million, down 18.3% from RM155.24 million in FY18, while revenue stood 25% lower at RM534.26 million versus RM712.26 million in the preceding year.
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