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Boustead Heavy Industries Corporation Bhd (BHIB.KL)

BHIB.KL on Kuala Lumpur Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Boustead Heavy Industries' unit signs JV agreement with RD Investment AG
Wednesday, 16 Aug 2017 05:35am EDT 

Aug 16 (Reuters) - Boustead Heavy Industries Corporation Bhd :Unit BHIC Defence Technologies signed a joint venture agreement with RD Investment AG.jvco expected to have material effect on consolidated earnings of BHIC group for year ending 31 december 2017.JV is expected to contribute positively to the earnings of BHIC in the future.  Full Article

Boustead Heavy Industries Corp updates on letter of award from ministry of defence
Friday, 21 Jul 2017 07:58am EDT 

July 21 (Reuters) - Boustead Heavy Industries Corporation Bhd ::BHICAS received letter from ministry of defence for purpose of extending obligations in relation to iss contract.Consideration under the LOA and the extended loa is now revised to 435 million rgt.Refers to announcement made on 21 March 2014 on receipt of LOA by BHIC Aeroservices Sdn Bhd from ministry of defence Malaysia.  Full Article

Boustead Heavy Industries updates on claim by Ministry of Defence Malaysia
Tuesday, 11 Jul 2017 06:42am EDT 

July 11 (Reuters) - Boustead Heavy Industries Corporation Bhd ::Boustead Dcns Naval Corporation Sdn Bhd received a letter from the Ministry Of Defence Malaysia‍​.Claim for 53.2 million rgt and 19.3 million euros.Letter for breach of obligations under in-service support for Royal Malaysian Navy Scorpene submarines contract.Board of BHIC is in the opinion that BDNC has adequate basis to defend and to appeal against the claim.Claim is expected to have a material financial & operational impact on BHIC group for financial year ending 31 Dec 2017.  Full Article

Boustead Heavy Industries Corp says entered into MOU
Thursday, 23 Mar 2017 01:03am EDT 

Boustead Heavy Industries Corporation Bhd : Entered into a memorandum of understanding with the National Defence University of Malaysia . Purpose of MOU is to strengthen, promote and develop partnership co-operation between BHIC and NDUM .MOU is expected not to have any material effect on earnings of the BHIC group for the FY ending 31 Dec 2017.  Full Article

Boustead Heavy Industries Corporation says entered into MOU with Technology Depository Agency
Wednesday, 22 Mar 2017 06:20am EDT 

Boustead Heavy Industries Corporation Bhd : The co entered into a memorandum of understanding with Technology Depository Agency . MOU is expected not to have any material effect on earnings of BHIC group for financial year ending 31 Dec 2017 .MOU on development of malaysian national airspace policy and national airspace management centre for the aviation industry.  Full Article

Boustead Heavy Industries Corp updates on LOA for Boustead Naval Shipyard
Monday, 20 Mar 2017 01:57am EDT 

Boustead Heavy Industries Corporation Bhd : Contract is collaboration between government of Malaysia and government of People’S Republic Of China . Receipt of Letter Of Acceptance from the ministry of defence Malaysia for the supply of four Littoral Mission Ships . Contract was awarded to BNS, for collaboration with a partner shipyard in China at a price of rm1.17 billion .Contract will have a positive effect on the earnings of the BHIC group for the financial year ending 31 Dec 2017.  Full Article

Boustead Heavy Industries Corporation says Qtrly net profit 55.6 million rgt
Friday, 24 Feb 2017 12:24am EST 

Boustead Heavy Industries Corporation Bhd : Qtrly net profit 55.6 million rgt .Qtrly revenue 110.5 million rgt versus 69.2 million rgt.  Full Article

Boustead Heavy Industries says BHIC Bofors receive contract from ministry of defence malaysia
Thursday, 6 Oct 2016 06:04am EDT 

Boustead Heavy Industries Corporation Bhd: BBA receives deal for supply and delivery of spares,maintenance and trainings for royal malaysian navy’s bofors 40mm/l70 gun . Contract will contribute positively to the future earnings of bhic group . BHIC Bofors Asia Sdn (BBA) has received and accepted a letter of acceptance from the ministry of defence malaysia .Total contract value is 11.2 million rgt.  Full Article

Boustead Heavy Industries Corporation Bhd says qtrly revenue 69.7 mln rgt
Tuesday, 9 Aug 2016 06:16am EDT 

Boustead Heavy Industries Corporation Bhd : Qtrly revenue 69.7 million rgt versus 72.9 million rgt; qtrly net profit 25.3 million rgt versus 9.2 million rgt .  Full Article

Boustead Heavy Industries Corporationd reports qtrly net loss of 19 million RGT
Friday, 13 May 2016 05:11am EDT 

Boustead Heavy Industries Corporation Bhd : Qtrly loss attributable 19 million RGT versus profit of 8.4 million RGT a year ago . Qtrly revenue 63 million RGT versus 61.1 million RGT .  Full Article