The Sun Biz

Avangaad Bhd announced a 6% revenue increase to RM33.5 million for Q3 FY25, driven by higher vessel utilization and improved charter rates in its fast crew boat and tugboat segments. Despite a non-cash income in 9M2024 affecting year-on-year profit comparisons, the group showed a robust operating cash flow turnaround of RM42.7 million for 9M2025, supported by disciplined working capital management and cost optimization. With a firm order book of RM163.8 million and substantial contract extensions, Avangaad remains confident in its long-term earnings visibility and growth prospects in the marine logistics sector.

KUALA LUMPUR: Fiamma Holdings Bhd recorded profit before tax (PBT) of RM70.60 million for the nine months (9M) ended September 30, 2025 (FY25), more...

Wawasan Dengkil Holdings Bhd is expanding into the renewable energy space through a new joint venture to develop a 70MW large-scale solar plant in Kedah under the LSS Petra 5+ programme. The project, undertaken with Nestcon Infra and WD Solar Kedah, will operate under a 21-year PPA with Tenaga Nasional Bhd, providing long-term recurring income. The move marks a strategic shift for the construction-focused group as it taps into Malaysia’s accelerating solar growth driven by the National Energy Transition Roadmap.

SMTrack Bhd has appointed experienced legal practitioner Mohammed Nasser Yusof as its new independent non-executive director, reinforcing the company’s governance and compliance framework amid its ongoing diversification into multiple sectors. Bringing over a decade of expertise in litigation, regulatory compliance and Shariah advisory, Mohammed Nasser is expected to enhance board oversight and support SMTrack’s long-term growth and accountability objectives.

Global professional services firm Avanade has launched a new Asia-Pacific AI modernisation hub in Kuala Lumpur and introduced its Avanade Agentic Platform — two major investments aimed at helping midmarket organisations adopt AI at scale. Built on Microsoft technologies, the initiatives provide ready-to-deploy industry agents, modernisation support and sector-specific solutions to move companies beyond pilot projects and into real-world AI transformation.