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Asia
Vishal Megamart's Consolidated Profit Rises in Fiscal Q4
Vishal Megamart (NSE:VMM, BOM:544307) consolidated attributable profit rose to 1.68 billion Indian rupees in the fiscal fourth quarter ended March 31, from 1.15 billion rupees a year ago.Earnings per share came in at 0.36 rupees from 0.25 rupees a year earlier, the retail company said in a filing to the Indian stock exchanges on Thursday.Revenue from operations in fiscal Q4 also increased to 31.1 billion rupees from 25.5 billion rupees a year ago.The company's shares were down over 1% in recent trade.
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Asia
Parkson Retail Asia Logs Higher Profit, Revenue in Q1
Parkson Retail Asia's (SGX:O9E) attributable profit to owners edged up 2.5% during the first quarter of the year to SG$15.0 million from SG$14.7 million a year earlier, according to a Thursday bourse filing.Earnings per share came in at SG$0.0223 compared with SG$0.0218 in the year-ago period.Revenue was up 3.5% year over year to SG$69.5 million from SG$67.2 million.
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Asia
Malaysian Shares Edges Lower Despite Record Job Growth
Malaysian equities logged a second day of fractional losses on Thursday, as record-high employment figures failed to offset a cautious mood across Asian markets.The FTSE Bursa Malaysia KLCI shed 0.73 points to end 0.04% lower at 1,745.58. The day range was between 1,740.35 and 1,750.63.In economic news, Malaysia's labor market expanded in the first quarter, with total jobs rising to 9.23 million, up from 9.06 million a year earlier, according to data released by the Department of Statistics Malaysia. Filled jobs increased 1.8% annually to 9.03 million, while vacancies edged up slightly to 194,800, keeping the overall vacancy rate at 2.1%.Malaysia and Taiwan are strengthening cooperation in the semiconductor value chain as artificial intelligence demand accelerates across industries, from manufacturing to healthcare, CNA reported.In corporate news, Public Bank (KLSE:PBBANK) booked a net profit attributable to owners of 1.75 billion ringgit, up 0.4% annually. The lender attributed the profit to steady loan and deposit expansion, alongside improved non-interest income. Shares slid 1% on Thursday's close.Whereas, shares of Destini (KLSE:DESTINI) gained about 2% on close after its unit Destini Oil Services bagged a contract from Petronas Carigali to provide tubular running services in the West Region of Malaysia.
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