KUALA LUMPUR (Feb 1): Here is a brief recap of some corporate announcements that made the news on Wednesday:

CTOS Digital Bhd saw its net profit surge fourfold to RM56.28 million for the fourth quarter ended Dec 31, 2023 (4QFY2023), from RM14 million in the previous year’s corresponding quarter, largely due to the recognition of a tax credit and higher revenue. This is the credit reporting agency’s highest quarterly earnings since its listing on the Main Market of Bursa Malaysia in July 2021. Revenue for the quarter jumped 38.69% to RM73.15 million from RM52.74 million in 4QFY2022. With the jump in its 4QFY2023 profit, CTOS achieved a record-breaking net profit of RM118.37 million for FY2023, up 65.05% from FY2022’s RM71.72 million, while revenue grew 34.22% to RM261.44 million from RM194.78 million. — CTOS Digital posts record-breaking earnings for FY2023 as 4Q profit jumps four-fold

Malaysia Airports Holdings Bhd’s (MAHB) said its total passenger movement surpassed the 100 million mark in 2023 — marking the first time since 2020 — at 120 million passengers. This represents a substantial recovery rate of 84.6% against 2019 levels. — MAHB’s 2023 passenger traffic surpasses 100 million, approaches pre-pandemic levels

Bursa Malaysia Bhd reported a 21.5% year-on-year growth in net profit for the fourth quarter ended Dec 31, 2023 (4QFY2023), driven by trading revenue from the securities market amid higher average daily trading value (ADV). Net profit rose to RM59.55 million or 7.4 sen per share for 4QFY2023, from RM49 million or 6.1 sen per share a year ago. The group declared a final dividend of 14 sen. Although full year FY2023 ADV for the securities market’s on-market trades grew by a meagre 0.5% to RM2.1 billion, Bursa Malaysia’s net profit for the year increased 11.4% to RM252.38 million from RM226.57 million in FY2022, thanks to lower operating expenses. — Bursa Malaysia’s 4Q earnings up 21.5%, declares 14 sen dividend

Construction services firm GDB Holdings Bhd has clinched a RM306 million project to develop a private hospital at Bukit Jalil, Kuala Lumpur. The project includes execution, performance, design, construction, completion, commissioning of machinery and equipment and maintenance of the private hospital building. The construction of the hospital will be carried out over a period of 25 months, commencing on March 16. — GDB clinches RM306m hospital project in Bukit Jalil

Minetech Resources Bhd has secured a contract extension worth RM230 million for waste removal, ore deliveries and associated works for the Selinsing Gold Mine project in Pahang. The group entered into an agreement with Able Return Sdn Bhd and Damar Consolidated Exploration Sdn Bhd for the renewal of the contract for a three-year period until Dec 31, 2026. — Minetech nets three-year contract extension for Pahang gold mine project worth RM230m

Kimlun Corp Bhd has secured a construction project in Johor Bahru, worth RM133.6 million, from Sunway Parkview Sdn Bhd, the 60%-owned subsidiary of Sunway Bhd. The project, which is expected to be completed in the third quarter of 2026, involves main building works for houses, ancillary buildings and amenities in a development located in Johor Bahru. — Kimlun bags RM134m contract from Sunway unit to build houses in JB

Shares of UMW Holdings Bhd will be suspended by Bursa Securities on Feb 9, 2024, following the expiry of five market days from the extended closing date of the takeover offer by Sime Darby Bhd on Jan 31. As at Jan 31, Sime Darby already held 98.86% of the total shares in UMW. To complete the takeover, Sime Darby will invoke the provisions of Subsection 222(1) of the Capital Markets and Services Act 2007 (CMSA) to compulsorily acquire any remaining UMW shares from the dissenting shareholders. — UMW shares to be suspended on Feb 9 following full takeover by Sime Darby

Lambo Group Bhd's auditor Messrs ChengCo PLT expressed a qualified opinion on its audited financial statements for the financial year ended Sept 30, 2023 (FY2023). The external auditor noted in its audit report that it was unable to ascertain the accuracy, completeness and validity of the comparative figure on Fujian Accsoft Technology Development Co Ltd’s income statement. This is because prior to the audit of the current financial year, Fujian Accsoft was wound up on May 16, 2022, rendering its financial statements from June 1, 2021 up to the deregistration date unavailable for the auditors to audit. — Lambo's auditor expresses qualified opinion on FY2023 financial statements

Mah Sing Group Bhd plans to purchase 185 acres of land in Sepang for RM100.72 million as it looks to develop an industrial development called the Mah Sing Business Park, with an estimated gross development value of RM728 million. A conditional sale and purchase agreement was inked for the land to be purchased from Premier Land Resources Sdn Bhd at RM12.50 per sq ft by Fusion Heights Development Sdn Bhd, a wholly-owned unit of its 70%-owned joint venture Mah Sing South Sea Industrial Development Sdn Bhd. — Mah Sing plans RM2b GDV industrial park in Sepang; RM101m for 185-acre first parcel

Yinson Holdings Bhd’s green technologies arm is to expand use of its smart electric vehicle (EV) charging infrastructure application chargEV into Brunei. The app is set raise the number of chargers offered to motorists on the platform across Brunei, Malaysia and Singapore to over 1,000. This came after Yinson’s subsidiary Yinson GreenTech inked an agreement with Brunei’s leading charge point operator BEV Charging Company to integrate charge points across the nation into the chargEV app. — Yinson integrates Brunei’s BEV Charging Company into charge

Yong Tai Bhd has reinstated Datuk Wira Boo Kuang Loon as its chief executive officer (CEO), nearly nine months after his initial resignation on May 10, 2023, effective immediately. The 51-year-old is a substantial shareholder in the company, with a 5.012% stake. Meanwhile, Datuk Leong Sir Ley has relinquished her role as Yong Tai managing director cum CEO after being redesignated as non-independent and non-executive director. — Boo Kuang Loon returns as Yong Tai CEO