WCT Holdings Bhd, a leading engineering and construction as well as property company, announced today that it had registered a net profit of RM38.3 million for the first quarter ended 31 March 2018. This was 17% higher compared with RM32.8 million recorded in the same corresponding quarter last year.

Revenue for the current quarter was also higher at RM540 million compared with RM473 million recorded in the first quarter of the last financial year. The improved revenue was primarily attributed to the Group’s Engineering and Construction segment which accounted for 83% of the Group’s consolidated revenue.

PRICEWORTH International Bhd saw its net profit surge six times to RM10.3 million for the nine months ended 31 March 2018.

The timber and sustainable forest management group’s 526 percent jump in net profit followed a 17.5 percent rise in revenue to RM130.4 million for the nine months, it said in an announcement to Bursa Malaysia.

MSM Malaysia Holdings Berhad (MSM), the country’s leading refined sugar producer and a subsidiary of Felda Global Ventures Holdings Berhad (FGV), swings back to the black in its first quarter ended 31 March 2018 (Q1FY18), as it delivers a net profit of RM15.81 million against a net loss of RM34.62 million recorded in the prior year comparable period.

Earnings per share for the quarter under review stood at RM2.25 against RM4.93 in loss per share in Q1FY17. The much-improved performance in the current quarter was attributable mainly due to lower raw material costs and favorable foreign exchange rate. Also boosting MSM’s performance is the reduction of administrative expenses, down 33.0% quarter-on-quarter or RM9.1 million from RM23.8 million.