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.
Real estate developer Godrej Properties (NSE:GODREJPROP, BOM:533150) has partnered with engineering and construction company Tata Projects for three of its luxury developments in Gurgaon, India, according to a Friday filing to the Indian stock exchanges.Under the pact, Tata Projects has awarded a contract worth 11 billion Indian rupees. The order is for setting up the core and shell construction works across Godrej Properties' three upcoming projects, Godrej Sora, Godrej Astra, and Godrej Samaris in Gurgaon.The company said this is its largest single construction contract award to date.Godrej Properties' shares were up nearly 1% in recent trade.