Global Transit gets RM101m in bandwidth sales
KUALA LUMPUR: Global Transit Communications Sdn Bhd (GTC) has secured RM101 million in regional bandwidth sales to leading telecommunications providers in Asia as at mid-November, Bernama reported yesterday, citing a company statement.
“The strong traction, growth of 115% over a year, has put GTC on the map as the alternative Asian gateway,” said CEO Saiful Husni Samak in the statement.
GTC, which serves about 140 customers from various countries in Asia, many of them Tier 1 fixed and mobile telecommunications companies, has points-of-presence in Malaysia, Singapore, Hong Kong and the US.
GTC is one of three assets Time dotCom Bhd (TdC) has proposed to acquire from Khazanah Nasional Bhd and Megawisra Sdn Bhd, which is 75%-owned by TdC’s CEO Afzal Abdul Rahim — for RM322 million in cash and new TdC shares.
Tan Chong 3Q profit rises 11% to RM55m
KUALA LUMPUR: Tan Chong Motor Holdings Bhd’s 3QFY11 net profit rose 10.5% to RM54.5 million from RM49.3 million the year before, as production stayed resilient despite supply chain disruptions.
Revenue grew 3.8% to RM905.3 million over the same period. “Fortunately, the group had sufficient inventories after the earthquake in Japan and before the floods in Thailand,” it said in a statement yesterday.
For the nine months ended Sept 30, net profit rose 3.37% year-on-year to RM185.1 million while revenue grew 11.6% to RM2.9 billion.
Cost-to-income ratios rose with the consolidation of Nissan Vietnam Ltd, which has yet to break even due to translation losses from a weaker Vietnamese dong.
Costs incurred for regional expansion and facilities upgrades also contributed to lower margins. The current quarter is expected to be challenging due to specific model shortages, Tan Chong said, but it should be able to keep up with end-demand by pacing sales and sourcing alternative components.
Tradewinds Plantation earnings up 96%
PETALING JAYA: Tradewinds Plantation Bhd’s earnings for 3QFY11 jumped 96.4% to RM98.8 million year-on-year on the back of a 39.6% top line gain to RM333.5 million, owing to higher prices and production of palm oil products.
For the nine months ended Sept 30, group revenue rose 46% to RM899.3 million while profit attributable to shareholders surged 130% to RM237.51 million.
Numbers for 4Q are expected to be satisfactory, given prevailing prices of palm products, its board said. It declared a first gross interim dividend of five sen per share, or a RM19.8 million payout.
This article appeared in The Edge Financial Daily, November 18, 2011.
KUALA LUMPUR: Global Transit Communications Sdn Bhd (GTC) has secured RM101 million in regional bandwidth sales to leading telecommunications providers in Asia as at mid-November, Bernama reported yesterday, citing a company statement.
“The strong traction, growth of 115% over a year, has put GTC on the map as the alternative Asian gateway,” said CEO Saiful Husni Samak in the statement.
GTC, which serves about 140 customers from various countries in Asia, many of them Tier 1 fixed and mobile telecommunications companies, has points-of-presence in Malaysia, Singapore, Hong Kong and the US.
GTC is one of three assets Time dotCom Bhd (TdC) has proposed to acquire from Khazanah Nasional Bhd and Megawisra Sdn Bhd, which is 75%-owned by TdC’s CEO Afzal Abdul Rahim — for RM322 million in cash and new TdC shares.
Tan Chong 3Q profit rises 11% to RM55m
KUALA LUMPUR: Tan Chong Motor Holdings Bhd’s 3QFY11 net profit rose 10.5% to RM54.5 million from RM49.3 million the year before, as production stayed resilient despite supply chain disruptions.
Revenue grew 3.8% to RM905.3 million over the same period. “Fortunately, the group had sufficient inventories after the earthquake in Japan and before the floods in Thailand,” it said in a statement yesterday.
For the nine months ended Sept 30, net profit rose 3.37% year-on-year to RM185.1 million while revenue grew 11.6% to RM2.9 billion.
Cost-to-income ratios rose with the consolidation of Nissan Vietnam Ltd, which has yet to break even due to translation losses from a weaker Vietnamese dong.
Costs incurred for regional expansion and facilities upgrades also contributed to lower margins. The current quarter is expected to be challenging due to specific model shortages, Tan Chong said, but it should be able to keep up with end-demand by pacing sales and sourcing alternative components.
Tradewinds Plantation earnings up 96%
PETALING JAYA: Tradewinds Plantation Bhd’s earnings for 3QFY11 jumped 96.4% to RM98.8 million year-on-year on the back of a 39.6% top line gain to RM333.5 million, owing to higher prices and production of palm oil products.
For the nine months ended Sept 30, group revenue rose 46% to RM899.3 million while profit attributable to shareholders surged 130% to RM237.51 million.
Numbers for 4Q are expected to be satisfactory, given prevailing prices of palm products, its board said. It declared a first gross interim dividend of five sen per share, or a RM19.8 million payout.
This article appeared in The Edge Financial Daily, November 18, 2011.
