Breakfast briefing: Thursday, August 24 (Update) - Business News - News Summed Up

Breakfast briefing: Thursday, August 24 (Update) - Business News


- StarBizMBM earnings down on lower vehicle sales: MBM Resources Bhd’s net profit fell 14% to RM16.2mil for the second quarter on lower motor vehicle sales. Revenue rose 12% to RM2.77bil. - StarBizCB Industrial posts RM29m pre-tax profit: CB Industrial Product Holdings Bhd’s pre-tax profit in the second quarter increased to RM29.12mil from RM28.67mil a year earlier. Revenue rose to RM144.66mil from RM137.78mil previously. The optimism was reflected in the FMM-MIER Business Conditions Index, which rose 10 points to 110.


Source: The Star August 24, 2017 00:51 UTC



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