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Monday, September 16, 2019

Tag: losses

FGV revenue down by half in 2nd quarter

Company attributes it to losses in its sugar business and lower crude palm oil prices but expects to do better by end of the year.

Lyft: Higher fares will help shrink losses for the year

Lyft’s second-quarter loss increased 12% to US$197 million, but the price increases should help narrow losses.

Beware money games: If it’s too good to be true, it...

If you are promised high returns of 6% or more each month, immediately ditch the idea of giving away your money to cunning crooks.

IHH loses US$800 mil in 3 days

The healthcare group's losses were due to a whipsawing Turkish lira, EPF cutting its stake and uncertainty over a plan to acquire Fortis Healthcare Ltd.

Ex-Perak MB must explain ballooning cost of theme park, says PAC

It says cost of development and construction of Movie Animation Park Studios has gone up from RM390 million to RM607 million.

Teacher duped of RM152,000 by company selling ‘famous brand of coffee’

Earlier, Kuantan police had received similar reports from 19 people involving a total loss of RM735,000.

No reason to keep bleeding Malaysia Airlines afloat, says analyst

Brokerage research analyst says other airlines can now provide the service that the national airline is providing.

Khazanah’s long-term plan is solid, says financial expert

He says one of the biggest sovereign wealth funds, the Norway government pension fund, also suffered the same fate in 2018.

Govt to table White Paper on Felda’s RM10 bil losses in...

It says it is likely to be tabled just before the month-long sitting of Parliament, which begins on Monday and ends on April 11.

Falling stocks, Kraft Heinz trigger huge Berkshire loss

The fourth-quarter net loss is US$25.39 billion, or US$15,467 per Class A share, reflecting more than US$27.6 billion of investment losses, including from stocks Berkshire still owns.

LG Electronics’ Q4 profit plunges as rivals crowd TV business

Widening losses in the company's struggling mobile business also dragged down profit.

Global cyber attack could cause US$85 billion-US$193 billion worth of damages

Insurance claims after such an attack would range from business interruption and cyber extortion to incident response costs.

TH hid losses to look profitable before GE14, says Rafizi

Rafizi Ramli says his previous expose would have been confirmed if TH Heavy Engineering had recorded its losses.

Don’t sacrifice tourism for barter trade, says Sabah Umno

Sabah Umno Youth chief Aziz Julkarnain says the tourism industry brings in RM7.74 billion to the state’s coffers every year but this could be hit if kidnappings occur again.

Another poor day for Woods as inexplicable Cup record continues

He has lost seven consecutive times in the team format, a dreadful record that defies easy explanation.

Sapura Energy suffers RM126 mil net loss in Q2

This was attributed to lower revenue from the engineering, construction and drilling business segments.

FGV Holdings to probe several business practices

This follows 'adverse findings' from an earlier probe into its investments.

Boustead Plantations turns red in second quarter

It blames this on sharp fall in selling prices of palm products and an increase in operating expenditure.

JD.com losses surge alongside soaring spending on expansion

JD’s disappointing showing comes a day after top shareholder Tencent Holdings Ltd. reported its first profit drop in 13 years, souring sentiment on Chinese tech companies.

Audit: Bad management led to RM30.5mil losses for Melaka govt-owned private...

The A-G's Report shows that the accumulated losses in 2016 were more than those recorded in 2014 and 2015.

A-G’s Report: Over RM61 million losses incurred by failed marinas

According to the report, the Kuala Kedah marina never opened its doors since its completion in 2003.

RM80 mil investment in lingerie firm recoverable, says ex-Khazanah boss

He says online lingerie company in India could still turn a profit in near future.

Why only highlight Khazanah’s failures, asks KJ

The Rembau MP says the government is smearing the name of Azman Mokhtar after putting him in a situation where he had no choice but to resign as managing director.

Malaysia expects to recover up to US$3.5 billion of 1MDB funds

Finance Minister Lim Guan Eng says the government may be able to recover at least 10% of the funds reportedly siphoned from 1MDB, and up to 30% 'if we are lucky'.