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    Repsol has come out with new packaging design that indicates the types of engine oil, allowing the customer to instantly identify the difference in quality level that best suit their engine requirements.

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    In line with the higher revenue, profit before taxation in the first quarter of 7569 of million recorded an increase of million or % from million registered in the previous corresponding quarter. Higher sales of 6% from Alza and new MyVi also contributed to a better profit before taxation.

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    The UMW CSR Report brings together the company’s CSR initiatives related to the marketplace, the workplace, the environment and the community to provide a record of what it has achieved as well as to give focus for its CSR programme in the future.

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    Upon receiving the A+ rating, Dato’ Abdul Halim Harun, Group Managing Director and Chief Executive Officer of UMW Holdings Berhad, said: “At UMW, our focus has never been purely on financial performance. We have always endeavoured to benefit all industries and the communities in which we operate.

    Malaysian Rating Corporation Bhd. has assigned a Corporate Credit Rating (CCR) of ‘AAA’ to UMW,the highest of its ratings levels.

    We refer to our announcement dated 67th August 7558 in respect of the award of a contract by PCPP Operating Company Sdn. Bhd. (“PCPP"), a joint venture between Petronas Carigali (Malaysia), Petrovietnam (Vietnam) and Pertamina (Indonesia), to UMW Standard Drilling Sdn. Bhd., an 85%-owned subsidiary of UMW Corporation Sdn. Bhd., which is in turn wholly-owned by UMW, for the provision of Jack-Up Drilling Rig “NAGA 7" for PCPP’s Block SK 855 Exploration and Development Drilling Programmes, Offshore Sarawak, for a total contract value of approximately USD675 million (“the Contract").

    I am pretty comfortable with next quarter s result. The final quarter is traditionally the strongest. There might be some margin pressure due to Ringgit depreciation, but I believe overall result should be not bad.

    My initial reaction was to dispose of my entire shareholding the next day. After all, my cost was low and I should be able to escape relatively unscathed.


    Nice look forward to reading more, and getting a more active part in the talks here, whilst picking up some knowledge as well..

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    Basically, the author claimed that Air Asia s profitability comprises mostly lease income, and that the actual passenger operation was not profitable at all (note how the deep blue bars of leasing income are higher than the light blue bars of passengers derived profit most of the time).


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