OilCorp’s pretax profit for FY 07 is to be reduced from RM 22 m to RM7 m

KLCI closed down 13.24 points to 1287.43. BAT was down RM 1 to RM 42.50,BCHB was down 30 sen to RM 9.55, Gpacket was down 24 sen to RM 2.52. All major Asian markets closed lower.

MIMB Investment Bank fails to get SC nod to act as independent adviser to Ablington Holding’s takeover of Ladang Perbadanan Fima.

MAS net profit for first quarter ended March 31fell 9.7% to RM 120.06 m vs RM 132.71 m a year ago. Revenue is recorded at RM 3.75 b vs RM 3.64 a year ago.

Boustead Holdings posted net profit of RM 152 mil for first quarter ended March 31, with plantations accounting for 45 % of profit.

RHB Capital first quarter net profit is recorded at RM 222.4m, up 52% from RM146.3 m a year ago, boosted by higher non-interest income, lower operating expenses.



OilCorp’s pretax profit for FY 07 is to b reduced from RM 22 m to RM7 m after disagreement between management, auditors over RM 110m contract.