If i were tey and ooi, i will put the future of my sons and daughters with serious consideration and seek for settlement with protasco then refund all money that has been deposited by protasco.
Protasco Bhd posted a net profit of RM20.2 million or 5.96 sen a share for the fourth quarter ended Dec 31, 2015 (4QFY15), compared to a net loss of RM4.07 million or 1.21 sen a share a year ago, contributed mainly by its construction segment.
In a filing with Bursa Malaysia today, the group said revenue rose 15.7% to RM455.89 million, from RM393.91 million, due to improved contributions from its maintenance, construction and property development segments.
The latest quarterly filing marks its fourth profitable quarter, after it slipped into losses in 4QFY14.
For the full FY15, net profit stood at RM66.24 million or 19.77 sen a share, compared to a net loss of RM46.44 million or 13.95 sen a share a year before.
Reference is made to the article in “The Edge” dated 25 February 2016 titled “Protasco gets renewal of road maintenance concession for 10 years”. Protasco Berhad (“Protasco” or “Company”) wishes to clarify that the Company had todate yet to receive any written confirmation on the decision of the Government.
Protasco will make immediate announcement upon receipt of the decision of the Government.
On 4 December 2015, Protasco Berhad (“Company”) announced that the court dismissed the 1st Defendant’s appeal in the Court of Appeal against the decision of the court dated 11 August 2015 is fixed for hearing on 25 February 2016.
The Court of Appeal has on 25 February 2016 allowed the 1st Defendant’s appeal and the Company’s action against the 1st Defendant is now stayed pending the arbitration proceedings between the Company and the 1st Defendant.
If ckp were to win the conspiracy, i just wish the set up doesn't cause unrelated small investors suffer for no reason end up some weak mind may suicide or suicide bomb ckp if they know his son spreading defamation and cause delay of any peace to happen by teasing Small Investors turn enemy to burry his father anytime. In other words ckp already won and even 1 dollar he gets extra makes no differnce, he already run away with Pandora Co worth ten times value. Some smart guy would be able to tell ckp he already won. Tpy on the other hand being stupid could have sue ckp but he missed we don't know why. Perhaps he feels pain in Pandora Co if he sues the company and causes co suffers. If ckp would be heart attack, his son would be the main cause. Amazing dirty play in this boleh land, someday someone will have to pay back, maybe another life. Anyone with brain would wish tpy let go and grow other business and let ckp bring his pandora Co to his grave. Fact is ckp won, tpy has to accept it. Move on.
Reference is made to the article in “The Edge” dated 25 February 2016 titled “Protasco gets renewal of road maintenance concession for 10 years”. Protasco Berhad (“Protasco” or “Company”) wishes to clarify that the Company had todate yet to receive any written confirmation on the decision of the Government.
Protasco will make immediate announcement upon receipt of the decision of the Government. 26/02/2016 14:19
Reference is made to the article in “The Edge” dated 25 February 2016 titled “Protasco gets renewal of road maintenance concession for 10 years”. Protasco Berhad (“Protasco” or “Company”) wishes to clarify that the Company had todate yet to receive any written confirmation on the decision of the Government.
Protasco will make immediate announcement upon receipt of the decision of the Government. 26/02/2016 14:19
Protasco gets renewal of road maintenance concession for 10 years By Liew Jia Teng & Danial Idraki / The Edge Financial Daily | February 25, 2016 : 9:58 AM MYT Printer-friendly versionSend by emailPDF version Translated by Google Translator: Select Language▼ This article first appeared in The Edge Financial Daily, on February 25, 2016.
KUALA LUMPUR: Protasco Bhd’s Federal Road Maintenance (FRM) concession, which expires this month, has been extended for 10 years, according to sources.
Sources told The Edge Financial Daily that the FRM concession, covering 7,000km of roads in Terengganu, Kelantan, Selangor and Pahang, is expected to contribute a recurring income of up to RM250 million annually for the next 10 years.
“The routine maintenance work will contribute a recurring income of RM130 million a year, while the periodic maintenance and emergency works will bring in additional RM100 million to RM120 million every year, depending on the actual work being carried out,” a source familiar with the concession said.
It is learnt that the concession renewal has been given to Roadcare (M) Sdn Bhd, the maintenance unit of Protasco. The concession is slated to expire in February 2026.
Meanwhile, sources said Protasco is also likely to receive a contract extension to undertake routine and periodic maintenance works for the state roads in Terengganu for the next seven years.
Previously, Permint Granite-HCM Sdn Bhd, another unit of Protasco, had been awarded a seven-year contract worth RM188 million, which will be expiring in July this year.
Yesterday, Protasco announced a net profit of RM20.2 million for the fourth quarter of financial year 2015 (FY15) ended Dec 31, 2015, compared to a net loss of RM4.07 million a year ago, mainly driven by its construction segment.
Quarterly revenue inched up 15.7% to RM455.89 million from RM393.91 million, with improvements marked by contributions from it maintenance, construction and property development segments.
For the full FY15, net profit stood at RM66.24 million, compared to a net loss of RM46.44 million a year before. Revenue, meanwhile, was 21.7% higher at RM1.29 billion from RM1.06 billion in FY14.
Protasco expects to maintain its performance despite signs of economic weakness globally, and the challenges expected for the construction and property development industries.
“We expect to see the construction division continue to contribute positively to the bottom line with the award of Phase 2 of [the] Perumahan Penjawat Awam 1Malaysia project,” executive vice-chairman and group managing director Datuk Seri Chong Ket Pen said in a separate statement.
Very good at siphoning money not siphon enough to bribe contract? Think he is very clean mr pretender. 有其父必有其子,狼狈为奸偷取公司公款,用来陷害诬告企图嫁祸于人。不知到适可而止,必有后患。去坐牢浪费资源,活埋了算。
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Chat
New Update. Discover investment communities that resonate with your ideas
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
BadFaith
19 posts
Posted by BadFaith > 2016-01-31 09:18 | Report Abuse
No brain