Edge Malaysia
Newsflash
Maybank, TNB lift KLCI at mid-day break
Maybank 1Q net profit up 17.87% to RM1.35b
50% of PPAs to be extended, says Che Khalib
CIMB's Nazir a man of change
Seagate Technology to acquire a controlling interest in Lacie SA
Maybank IB Research downgrades GAB to Hold, target price RM13.50
CIMB Research maintains Outperform on Perisai, target price RM1.50
Malaysian Bar supports call for independent law reform commission

Categories



Utusan appoints Najib’s press secretary as director
Politics & Government 2009
Written by The Edge Financial Daily   
Tuesday, 24 November 2009 00:42

KUALA LUMPUR: Tengku Sariffuddin Tengku Ahmad, press secretary to Prime Minister Datuk Seri Najib Razak, has been appointed independent and non-executive director of Utusan Melayu (Malaysia) Bhd with immediate effect.

Tengku Sariffuddin, 47, was a journalist with  The New Straits Times Press (M) Bhd from 1987 to 1997 before he was appointed as the press secretary to Najib, who was then the education minister.

In a separate filing to Bursa Malaysia Securities yesterday, Utusan also announced the appointment of its group editor-in-chief Abdul Aziz Ishak, 45, as an executive director with immediate effect.

Meanwhile, Utusan announced a surge in net profit to RM8.28 million in its third quarter ended Sept 30, 2009 from RM33,000 a year earlier although revenue fell 2.8% to RM89.53 million from RM92.15 million, mainly due to lower costs. Basic earnings per share (EPS) rose to 7.48 sen from 0.03 sen.

Quarter-on-quarter (q-o-q), the group posted a pre-tax profit of RM10.1 million versus RM300,000 in the preceding three-month period mainly due to a higher revenue and lower raw material and consumables. Revenue rose 5.7% q-o-q from RM84.7 million mainly due to higher advertising revenue.

For the nine-month period to Sept 30, net profit rose 13.7% to RM1.16 million from RM1.02 million a year earlier, mainly due to lower revenue and taxation. At pre-tax level, profit fell 23% to RM1.7 million from RM2.2 million a year earlier due to lower revenue as a result of the economic slowdown in the first half of the year.

Revenue fell over 8% to RM253.59 million from RM276.37 million, while EPS rose to 1.05 sen from 0.92 sen.

  Last Updated on Tuesday, 24 November 2009 00:52

Other Publications & Pullouts