TOKYO: Oil prices rose on Thursday, recovering from early losses, on hopes that planned easing of restrictions in Shanghai could improve fuel demand while lingering concerns over tight global supplies outweighed fears of slower economic growth. Brent crude futures for July were up $1.32, or 1.2%, at $110.43 a barrel at 0700 GMT, after falling by more than $1 earlier in the … [Read more...] about Oil prices recoup early losses on China hopes, global supply fears
New business name
Kobay reports higher net profit of RM15mil in 3Q
KUALA LUMPUR: Kobay Technology Bhd ’s net profit more than doubled to RM15.1mil in the third quarter ended March 31 (3Q) from RM7.06mil a year ago. Its revenue rose almost threefold to RM100.1mil in the third quarter against RM35.2mil a year prior. The engineering solution provider, in a statement, said growth mainly came from the manufacturing segment which saw a … [Read more...] about Kobay reports higher net profit of RM15mil in 3Q
Dayang returns to the black in Q1
KUALA LUMPUR: Dayang Enterprise Holdings Bhd has returned to the black with a net profit of RM13.76mil in the first quarter ended March 31 (1Q) against a net loss of RM27.54mil a year ago. It recorded a pre-tax profit during the current quarter as a result of insurance claims received from the incident of Dayang Topaz of RM3.6mil, net realised/unrealised gain in foreign … [Read more...] about Dayang returns to the black in Q1
Kobay Q2 net profit surges
PETALING JAYA: Kobay Technology Bhd posted a net profit of RM14.52mil in the second quarter ended Dec 31, 2021, more than double from RM5.95mil a year ago, thanks to strong orders from the semiconductor and electrical and electronics (E&E) industries. In a filing with Bursa Malaysia yesterday, the group said its revenue for the quarter almost tripled to RM92.83mil … [Read more...] about Kobay Q2 net profit surges
McDonald’s to sell Russia restaurants to local operator
BENGALURU: McDonald's Corp is selling its Russia business to its current licensee Alexander Govor and the restaurants would operate under a new brand, ending more than three decades of presence in the country following its invasion of Ukraine. The world's largest burger chain owns about 84% of its nearly 850 restaurants in Russia and became one of the biggest global brands to … [Read more...] about McDonald’s to sell Russia restaurants to local operator