Media Coverage

Media Coverage (96)

Wednesday, 23 August 2023 00:00

NCT Alliance foresees tough prospects

NCT Alliance Bhd expects its prospects to remain tough and challenging due to the uncertainties surrounding the economic recovery.

Wednesday, 31 May 2023 00:00

NCT posts Q1 net profit of RM7.0mil

NCT Alliance Bhd showed its resilience with a net profit of RM7.0 million for its first quarter ended March 31 2023, only slightly lower than RM8 million in the previous year's corresponding quarter. 

NCT Alliance Bhd  posted a net profit of RM43.2 million for the financial year ended Dec 31 2022,  up 28 per cent from RM33.7 million in the previous financial year. 

NCT Alliance Bhd’s net profit for the third quarter ended Sept 30, 2022 increased by 40% to RM11.2mil.

NCT Alliance Bhd recorded a two-fold increase in net profit for its first six months ended June 30 2022, clocking in at RM19.1 million compared with RM9.6 million last year. 

Thursday, 02 June 2022 00:00

7.8 to 802

Wednesday, 01 June 2022 00:00

RM8M Profit for NCT Alliance

Sales from Grand Ion Majestic, Vortex projects drive developer's strong performance

高裕轩集团 叶银财 让废弃楼盘焕发生机

TNB Genco to develop hydroelectric power plant in Kelantan

TENAGA Nasional Bhd’s (TNB) wholly owned subsidiary, TNB Power Generation Sdn Bhd (TNB Genco), had received a letter of notification from the Ministry of Energy and Natural Resources to develop a 300 megawatts hydroelectric power plant in Kelantan. In a filing to Bursa Malaysia, TNB said the letter of notification requires TNB Genco to fulfil certain requirements prior to the execution of the project. As conditioned by the government, TNB Genco has incorporated a wholly owned project company named TNBPG Hydro Nenggiri Sdn Bhd to undertake the project. The construction works of the project are estimated to take five years and its expected scheduled commercial operation date is June 1, 2027. — Bernama


Microlink to raise RM58m via private placement

MICROLINK Solutions Bhd is expected to raise gross proceeds of up to RM58.22 million via a proposed private placement of up to 10% of the total number of issued shares in the company. The proceeds would be used for its working capital and future working capital. It added the proposed private allows the company to raise funds based on market conditions. The company will be seeking shareholders’ approval in the upcoming AGM to be held on Sept 29. — Bernama


UWC posts RM19m gain in 4Q21

UWC Bhd posted a net profit of RM19.55 million in the fourth quarter of 2021 (4Q21) ended July 31, 2021, from RM18.65 million in the same quarter last year. Its revenue also increased to RM63.94 million compared to RM61.41 million last year due to its involvement in the life science and medical technology industries and continued global demand from the semiconductor industry. In a filing to Bursa Malaysia, the company said it is optimistic about its upcoming quarters, driven by increasing enquiries from its existing and potential customers, as well as the expected growth from the semiconductor market by 25.1% in 2021.


NCT Alliance posts RM9.5m net profit for 2Q21

NCT Alliance Bhd (formerly known as Grand-Flo Bhd) recorded a net profit of RM9.5 million in the second quarter ended June 30, 2021 (2Q21), compared to a deficit of RM400,000 in the previous year’s corresponding quarter. This was achieved on the back of higher revenue of RM49.2 million, up by 161% compared to RM18.9 million in the same quarter last year. For the first half of the financial year, the group recorded a higher net profit of RM9.6 million, which has already exceeded 70% of the net profit of RM5.6 million recorded for the last full financial year, on the back of an improved revenue of RM64.7 million.


Source from The Malaysian Reserve


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KUALA LUMPUR (Sept 7): Net profit of NCT Alliance Bhd (formerly known as Grand-Flo Bhd) for the second quarter ended June 30, 2021 (2QFY21) surged to RM9.48 million, from a net loss of RM417.000 a year earlier, on the back of a higher revenue of RM49.2 million versus RM18.88 million previously.


Earnings per share (EPS) rose to 1.78 sen from loss per share of 0.14 sen.


In a bourse filing today, NCT Alliance said its net profit for the cumulative six months jumped to RM9.56 million from a net loss of RM371,000 earlier, on the back of a total revenue of RM64.71 million versus RM42.31 million.


In a separate statement, NCT Alliance executive chairman and group managing director Datuk Seri Yap Ngan Choy said the the company's momentum was underpinned by its strategic plans to expand in the property sector as a leading developer.


He added that the improved performance was primarily driven by the newly acquired Grand Ion Majestic and Grand Ion Delemen projects, with the acquisitions completed in June.


“Moving forward, with the resumption of activities in Genting Highlands plus the opening of its new outdoor theme park, our two projects are expected to generate a sustainable stream of income and cash flow, contributing to the group’s positive prospects for the coming years.


“Looking ahead, with the recent encouraging vaccination rate, we remain optimistic about the outlook as Malaysia’s vaccination rate continues to increase and the nation moves towards achieving herd immunity,” he said.


Yap said that moving forward, NCT Alliance is well positioned to tap into opportunities in the property sector and drive sustainable growth of the group over the long term.


At the midday break today, NCT Alliance settled 5.77% or three sen higher at 55 sen, with 6.36 million shares done.

Source from The Edge Markets


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