E&O 4Q net profit down 22%, proposes one-for-50 treasury stock units
KUALA LUMPUR (May 25): Property developer Eastern & Oriental Bhd's (E&O) net profit fell 21.8% to RM37.9 million in the fourth financial quarter ended March 31, 2018 (4QFY18) from RM48.46 million a year ago, due to higher income tax expenses of RM24 million in the current quarter under review versus RM8.57 million in 4QFY17.
In a statement today, E&O said the higher income tax expenses were attributed to higher revenue achieved in contrast to the occurrence of higher non-taxable income items in 4QFY17.
This 27-year-old Singaporean taps on his uncle's enrichment centre, Score Campus, to help kids in Singapore and India do well in school and in life.
The post This 27-Year-Old Singaporean Wants To Help Local Kids Score In Life, Not Just In Exams appeared first on Vulcan Post.
Peer-to-peer trailblazer BitTorrent has purportedly sold its business to blockchain startup TRON for a fee of $140 million, TechCrunch reports. The publication notes details are still being worked out and shareholders are yet to sign off on the deal definitively, but it is unlikely negotiations could fall through at this point. TechCrunch suggests the holdup has to do with a dispute over who made the introduction between TRON CEO Justin Sun and BitTorrent. The story first started to shape up when last month TorrentFreak learned Sun was in the process of acquiring BitTorrent. Variety then confirmed that the deal had been finalized… This story continues at The Next Web