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Last 0.10 MYR
Change Today 0.00 / 0.00%
Volume 317.1K
NIC On Other Exchanges
Kuala Lumpur
As of 4:15 AM 08/5/15 All times are local (Market data is delayed by at least 15 minutes).

naim indah corp bhd (NIC) Snapshot

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08/14/14 - 0.14
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12/17/14 - 0.08
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naim indah corp bhd (NIC) Details

Naim Indah Corporation Berhad, an investment holding company, engages in the property development activities in Malaysia. It operates through Property Development, Timber Extraction, Investment Property Holding, and Trading segments. The company constructs and develops residential and commercial properties. It is also involved in logging and selling round end timber logs; leasing and renting of commercial properties; trading of building materials and steel bars; and rental of machinery. The company is based in Kuala Lumpur, Malaysia.

naim indah corp bhd (NIC) Top Compensated Officers

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Executives, Board Directors

naim indah corp bhd (NIC) Key Developments

Naim Indah Corporation Berhad Announces Acceptance of Award for Project Management Consultancy

The Board of Directors of Naim Indah Corporation Berhad announced the acceptance of award for the role of project management consultant for the 30 storey mixed commercial development consisting of basement carpark, lower group shop, duplex shop office, hotel tower, condominium, anchor lot and cineplex and related external works at Teluk Likas, Sabah (Likas Boulevard Project) from GE Properties Sdn. Bhd. (formerly known as Gandingan Erajuta Sdn. Bhd.) of Korporasi Pembangunan Desa, Kompleks Pemasaran KPD, Ranjung Lipat, Teluk Likas, 88400 Kota Kinabalu, Sabah. The scope of works of NICORP pursuant to the said award comprises project and construction management, general management and on-site staff, cost control, planning and scheduling, procurement, site quality control, commissioning, and manuals and training. With the experience in construction of certain directors and key management of NICORP, the Company has the skills, capabilities and resources in undertaking the role of project management consultant for the above project. The Board believes this PMC will contribute positively to the group’s future earnings. NICORP is not subject to any financial requirements. The payable fees shall be based on Certificates of Progress Work done at the site at each calendar month by the Project Consultants or the pro-rate value from the total duration of the award contract period or whichever is higher. The duration of the said project is over a period of five years and is expected to commence its piling works in June 2015. The value for the PMC award is 5.0% of the gross development cost (GDC) of the Boulevard Likas project. For illustration purposes, based on the preliminary estimated GDC of MYR 480.0 million, the value of the award is estimated to be MYR 24.0 million.

Naim Indah Corp. Bhd Appoints Low Tuck Meng as Chief Financial Officer

Naim Indah Corp. Bhd has appointed Low Tuck Meng as Chief Financial Officer. The effective date is June 03, 2015. Mr. Low Tuck Meng has about 20 years of working experience in accounting, auditing, taxation, treasury management, internal control, risk management, financial analysis and change management. Of which, he has about 10 years working experience in China. He held various senior positions in private limited companies and public listed companies from October 1996 to May 2015. Immediately prior to joining Naim Indah, he was the Asia Shared Service Head of a European multinational company, where he has been promoted from his position as Finance Director, China Operations. He had also served as the Group Financial Controller of a public listed company in Malaysia for the period from March 2004 to September 2007.

Naim Indah Corp. Bhd Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015

Naim Indah Corp. Bhd reported unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of MYR 823,000 compared to MYR 824,000 a year ago. Loss before taxation was MYR 1,388,000 compared to MYR 746,000 a year ago. Profit attributable to equity holders of the parent was MYR 67,000 or 0.01 sen per basic and diluted share compared to loss of MYR 746,000 or 0.11 sen per basic and diluted share, a year ago. Net cash used in operating activities was MYR 2,887,000 compared to MYR 383,000 a year ago. Purchase of plant, property and equipment was MYR 224,000.


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