KUALA LUMPUR (Aug 5): Here is a brief recap of business news and corporate announcements that made the headlines on Wednesday:

Gamuda Bhd (KL:GAMUDA) has secured a RM1.71 billion contract to build a hyperscale data centre in Port Dickson, Negeri Sembilan. The contract, its second hyperscale data centre construction contract in Port Dickson this year, was awarded by an undisclosed multinational technology company headquartered in the US. Construction is scheduled to commence in the third quarter of 2026 and be completed by the second quarter of 2028. — Gamuda lands another hyperscale data centre project in Port Dickson worth RM1.71 bil

Heineken Malaysia Bhd’s (KL:HEIM) net profit for the second quarter ended June 30, 2026 (2QFY2026) fell 39% year-on-year (y-o-y) to RM50.53 million — its weakest quarterly performance in nearly five years — as softer consumer demand and continued inventory normalisation across its customers and distributors weighed on sales. Quarterly revenue declined 19% to RM434.75 million from RM539.73 million. It declared an interim dividend of 40 sen per share, unchanged from a year earlier. — Heineken Malaysia 2Q profit drops 39%, keeps dividend at 40 sen

Frontken Corp Bhd’s (KL:FRONTKN) net profit for 2QFY2026 rose 43% y-o-y to a record-high RM47.72 million, thanks to stronger demand from oil and gas and semiconductor clients. The demand saw revenue grow 20% y-o-y to RM186.91 million, but was at a slower pace compared to the immediate preceding quarter as the strengthening ringgit dragged on receipts in Taiwanese dollars. It declared an interim dividend of two sen per share. — Frontken posts record earnings in 2Q amid boom in semiconductor, oil

Kelington Group Bhd (KL:KGB) plans to invest about RM120 million to build an air separation plant in Maharashtra, India, as it expands its industrial gas business. The plant, with planned production capacity of up to 300 tonnes per day of oxygen, nitrogen and argon, will be built on a 20,000 sq m site and is expected to serve industrial customers across key industrial clusters in neighbouring markets. Construction is expected to begin this month and targeted for completion by the third quarter of 2028, subject to regulatory approvals. — Kelington to invest RM120m to build industrial gas plant in India

Nestcon Bhd’s (KL:NESTCON) wholly owned subsidiary, Nestcon Builders Sdn Bhd, secured a RM243 million contract with Exsim Waterfront Sdn Bhd to construct one block of serviced apartments in George Town, Penang. Construction is to begin on Jan 18, 2027 and is expected to last 35 months, around December 18, 2029. — Nestcon secures second contract from Exsim, RM243 mil job to build serviced apartments in Penang

Sarawak Consolidated Industries Bhd (KL:SCIB) secured a RM24.59 million subcontract to undertake the reconstruction of a dilapidated school building in Sabah. The subcontract, secured from Belian Juta Sdn Bhd, to carry out works on Sekolah Kebangsaan Kaingaran located in Tambunan will run from Aug 10, 2026, to Jan 22, 2029, unless extended by mutual agreement. Belian Juta was awarded the main contract by the Sabah Public Works Department (Jabatan Kerja Raya Sabah) on behalf of the federal government. — SCIB bags RM24.59 mil subcontract for Sabah school reconstruction