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1) Goldis Bhd posted a significantly higher pre-tax profit of RM237.64 million in the third quarter ended October 31, 2011, compared to RM6.50 million recorded in the same period last year.

In a filing to Bursa Malaysia today, the company attributed the profit to gains from the disposal of a subsidiary amounting to RM221.2 million during the quarter. There was also higher contribution from the property and investment segment, it said. Goldis’ revenue increased to RM75.82 million against the RM50.64 million previously. ”Increase in revenue was due to higher contribution from the property, ICT, paper and hotel segment,” it added.

2)  Oil and gas company Ramunia Holdings Bhd has reported a significantly lower profit before tax of RM4.714 million for the year ended Oct 31, 2011 from RM64.359 million in the previous corresponding period. Revenue for the period decreased to RM18.955 million from RM34.865 million previously, it said in its filing to Bursa.
For the quarter ended Oct 31, 2011, profit reduced to RM112,000 from RM30.365 million previously. Revenue for the current quarter, however, increased to RM15.674 million from RM992,000. Ramunia said the income in the preceding year included a onetime write-back item.

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1) Guinness Anchor Bhd today declared a single tier special interim dividend of 60 sen per 50 sen stock unit for the financial year ending June 30, 2012.

In a statement to Bursa Malaysia, Guinness said the single tier special interim dividend will be paid on Jan 20, 2012 to the stockholders registered in the Record of Depositors at the close of business on Jan 11, 2012.

2) Berjaya Sports Toto Bhd’s pre-tax profit for the second quarter ended Oct 31, 2011 jumped to RM148.785 million from RM97.740 million recorded in the same period last year.
Revenue rose to RM862.371 million from RM845.790 million previously.

The group registered a higher percentage increase in pre-tax profit mainly due to the higher prize payout in the previous year’s corresponding quarter.

“Berjaya Philippines Inc group also contributed to the growth in the group’s revenue but reported a marginal drop in pre-tax profit in the current quarter under review,” it said in a statement today.

For the six-month period, the company’s pre-tax profit increased to RM278.892 million from RM196.338 million in the corresponding period last year on revenues of RM1.708 billion and RM1.681 billion respectively.

On prospects, it said barring unforeseen circumstances, the board is optimistic that the group’s performance for the remaining period of the financial year ending April 30, 2012, will be satisfactory

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PAVILION Real Estate Investment Trust (Pavilion REIT), the largest retail REIT in Malaysia, is eyeing more local assets to spur growth.

Pavilion REIT Management Sdn Bhd chief executive officer Philip Ho said the trust is seeking opportunities to expand its assets in Penang, Johor and the Klang Valley.

Ho said Pavillion REIT will evaluate any financially viable investment opportunity that comes around.

“As a retail real estate investment trust, our duty is to acquire malls and build up the portfolio,” he told reporters after its listing ceremony here.

Ho said the company’s trustees had signed three rights of first refusal (ROFR) to acquire Farenheit88, the Pavilion Mall’s extension, and a mall in USJ Subang Jaya.

With an appraised value of RM3.54 billion, Pavilion REIT is currently made up of two assets – Pavilion Mall and Pavilion Tower.

The mall, which contributes 96.4 per cent to the appraised value, has 1.3 million sq ft of net lettable area.

It boasts of about 450 retail tenants, making it the largest premium retail fashion mall in Malaysia.

Pavilion REIT yesterday fetched a 13.3 per cent premium over its offer price on its debut on Bursa Malaysia.

It opened at RM1.03, 13 sen higher than its institutional price of 90 sen, with 15.7 million unit shares traded.

Ho said the listing provides the company with direct access to capital markets, thereby strengthening its financial capacity to seize new opportunities in the country.

“We are committed to enhance unitholders’ return and value, both through the organic growth of our existing portfolio as well as visible growth via acquisitions,” he added.

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