EVENING 5: Five things you need to know today

TheEdge Wed, Nov 29, 2023 09:26pm - 5 months View Original


EVENING 5: Petronas anticipates lower FY2023 profit

Here’s a quick look at some of the stories that made headlines today.

Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today.

1. Petroliam Nasional Bhd expects lower profit for its FY2023 compared to the record high earnings it scored in FY2022.

2. Malaysia Marine and Heavy Engineering Holdings Bhd has secured a subcontract for an offshore wind project from Petrofac International (UAE) LLC worth RM1.2 billion.

3. Public Bank Bhd's net profit for the third quarter ended Sept 30, 2023 rose 7% on the back of healthy loans and customer deposits growth.

4. Axiata Group Bhd widened its net loss to RM797.41 million in the third quarter mainly due to asset impairment and lower share of results from subsidiary CelcomDigi Bhd.

5. FGV Holdings Bhd posted a more than sevenfold decrease in net profit for its third quarter owing to a significant fall in profit contribution from its plantation segment.

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