Kuchai Development Bhd Appoints Cheong Mun Hong as Executive Director Effective on March 1, 2015
Feb 27 15
Kuchai Development Bhd announced the appointment of Cheong Mun Hong as executive director effective on March 1, 2015. He is investment analyst of Estate & Trust Agencies (1927) Ltd.
Kuchai Development Bhd Reports Unaudited Consolidated and Economic Entity Earnings Results for the Second Quarter and Six Months Ended December 31, 2014
Feb 17 15
Kuchai Development Bhd reported unaudited consolidated and economic entity earnings results for the second quarter and six months ended December 31, 2014. For the quarter, the company reported revenue of MYR 580,000 compared to MYR 547,000 for the same period of last year. Loss before tax was MYR 2,392,000 compared to profit of MYR 1,978,000 for the same period of last year. Net loss after tax was MYR 2,512,000 or 2.03 sen per basic and diluted share compared to profit of MYR 1,989,000 or 1.62 sen per basic and diluted share for the same period of last year. Loss from operations was MYR 286,000 compared to profit of MYR 3,483,000 for the same period of last year.
For the six months, the company's revenue was MYR 1,608,000 compared to MYR 1,590,000 for the same period of last year. Profit before tax was MYR 12,835,000 compared to MYR 6,037,000 for the same period of last year. Net profit after tax was MYR 12,686,000 or 10.25 sen per basic and diluted share compared to MYR 6,026,000 or 4.95 sen per basic and diluted share for the same period of last year. Net cash flows from operating activities was MYR 30,000 compared to net cash used in operating activities of MYR 111,000 for the same period of last year. Profit from operations was MYR 12,052,000 compared to MYR 3,890,000 for the same period of last year. The revenue was increased for the current quarter and six months mainly due to higher interest income while rental income remained the same in SGD functional currency. Dividend income of MYR 1.09 million for the current period-to-date was however slightly below last year's corresponding period-to-date's dividend income of MYR 1.11 million.
The economic entity suffered an after-tax loss of MYR 2.51 million for the current quarter as compared to the after-tax profit of MYR 1.99 million achieved during the corresponding quarter of a year ago.
The economic entity posted a pre-tax loss of MYR 2.39 million for the current quarter ended 31 December 2014 as compared to the pre-tax profit of MYR 15.23 million achieved during the immediate preceding quarter.
Kuchai Development Bhd Appoints Tay Beng Chai as Independent & Non Executive Director
Dec 9 14
Kuchai Development Bhd announced the appointment of Tay Beng Chai as independent & non executive director, effective December 4, 2014. He has been in professional legal practice since 1986. Managing Partner of Tay & Partners, Malaysia. Partner of Bird & Bird. A lawyer of over 25 years of extensive corporate and commercial experience in Malaysia and Singapore. He has been the Managing Partner of the firm since inception and heads the corporate and commercial team in the firm. Vice-President and Director of Malaysian International Chamber of Commerce & Industry. MICCI is a leading chamber for businesses with an international focus in Malaysia. It is active in government advocacy for investors and businesses. Chair of the Trade & Investment Council, MICCI. An Independent Director of Malaysian Bulk Carriers Berhad, listed on Bursa Malaysia and also sits on its Audit Committee and Remuneration Committee. Previously an Independent Director of Amtek Engineering Limited, listed on SGX. Acts as a director for several private companies on behalf of clients of the law firm.