Civil aviation passenger trips in China inched up 0.4% year over year to 61.2 million in April, Xinhua News Agency reported Thursday, citing the Civil Aviation Administration of China.
Domestic trips slipped 0.2% to 54.4 million, while international trips jumped 5.8% to about 6.8 million, the report said.
Cargo and mail handled grew 6.9% year over year to 854,000 tonnes, with domestic throughput jumping 2.1% to 456,000 tonnes and international throughput growing 13% to 398,000 tonnes.
Kerjaya Prospek's (KLSE:KERJAYA) profit attributable to owners jumped 25% to 57.3 million ringgit in the first quarter ended March 31, from 46.1 million ringgit a year earlier, according to a Thursday Bursa Malaysia filing.Basic earnings per share increased to 0.0456 ringgit from 0.0365 ringgit in the corresponding period.Revenue, however, declined 5.3% to 446.8 million ringgit from 472.0 million ringgit a year earlier, the construction company said.
Welspun Corp (NSE:WELCORP, BOM:532144) completed the transfer of its Saudi Arabia-based subsidiary Welspun Pipes Co. to Welspun Global Holdings Ltd. from Welspun Mauritius Holdings Ltd., according to a Thursday filing on Indian bourses.Shares of the pipes manufacturer fell nearly 4% in Friday's trade.Following the transaction, Welspun Pipes has become a wholly owned subsidiary of Welspun Global Holdings. Both entities involved in the transfer are wholly owned subsidiaries of Welspun, the filing said.The company said the intra-group restructuring does not change ultimate ownership and is not expected to materially impact its operations or financials.
Avantel (BOM:532406) has secured an order worth 19.2 million Indian rupees from Bharat Electronics (NSE:BEL, BOM:500049), according to a BSE filing on Friday.The contract for the supply of power amplifiers is an addition to Bharat Electronics' existing order value of 110.4 million rupees.The project is expected to be completed by September.The company's shares were up over 2% in recent trade.