SCIB

Banco Santander-Chile Announces Second Quarter 2023 Earnings

Retrieved on: 
Monday, July 31, 2023
NIM, SME, Insurance, Treasury, Net, Investment banking, BIS, MPR, Travel, Moody's Investors Service, ADR, NII, KBRA, RWA, Banco Santander Chile, NPL, SCIB, Government, BSAC, NYSE, SSE, JPY, COVID-19, Retail banking, LCR, S&P Global Ratings, Corporation, Japan Credit Rating Agency, Liquid, Acceleration, Growth, Yoy, Bank, Credit, YTD, Quarter, CIB, Cryptocurrency, Financial services, Security (finance), UF

SANTIAGO, Chile, July 31, 2023 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE: BSAC; SSE: Bsantander) announced today its resultsi for the six-month period ended June 30, 2023, and second quarter 2023 (2Q23).

Key Points: 
  • SANTIAGO, Chile, July 31, 2023 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE: BSAC; SSE: Bsantander) announced today its resultsi for the six-month period ended June 30, 2023, and second quarter 2023 (2Q23).
  • As a result, our CET1 is 11.0% and the total BIS III ratio 17.5% at the end of June 2023.
  • Our earnings webcast will be held on Friday, August 4, 2023 at 11am ET.
  • The BIS capital ratio as of June 30, 2023, was 17.5%, with a core capital ratio of 11.0%.

SCIB Granted RM16.8 Million Contract for School Construction

Retrieved on: 
Tuesday, March 28, 2023
EPCC, SCIB, BHD, IBS, Engineering, Fine chemical

(SCIBIBS), has been awarded an engineering, procurement, construction and commissioning (EPCC) subcontract valued at RM16.8 million from Majestika Sdn.

Key Points: 
  • (SCIBIBS), has been awarded an engineering, procurement, construction and commissioning (EPCC) subcontract valued at RM16.8 million from Majestika Sdn.
  • We are actively pursuing projects for dilapidated schools in Sarawak and Sabah, which have been allocated RM920 million.
  • The Company's share price as of 28 March 2023 is 0.125 sen with a market capitalisation of RM72.8 million.
  • SCIB has an order book of RM388 million as of March 2023.

SCIB Awarded RM20.65 million Project to Rebuild School

Retrieved on: 
Thursday, March 2, 2023
SCIB, Engineering, EPCC, School, RM1, JKR, IBS, Hospital, Link, BHD, Construction, Tutoring

KUCHING, MALAYSIA, Mar 2, 2023 - (ACN Newswire) - Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB) today announced that the Group's wholly-owned subsidiary, SCIB Industrialised Building System Sdn.

Key Points: 
  • KUCHING, MALAYSIA, Mar 2, 2023 - (ACN Newswire) - Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB) today announced that the Group's wholly-owned subsidiary, SCIB Industrialised Building System Sdn.
  • The contract has a duration of 24 months and comes under the third phase of the Sarawak government's RM1 billion allocation for dilapidated schools.
  • Rosland bin Othman, Group MD and CEO of SCIB (Link) Group Managing Director of SCIB, Encik Rosland bin Othman said, "This project from JKR is part of the nationwide programme to rebuild or renovate dilapidated schools, especially in rural areas where children already face challenges from lack of infrastructure.
  • We also note with interest the RM920 million set aside for dilapidated schools in both states."

SCIB Posts Higher Revenue of RM66 Million in 1H FY2023

Retrieved on: 
Monday, February 27, 2023
Growth, SCIB, LBT, Engineering, PBT, EPCC, IBS, Industrialised building system (IBS), Video game

The Company recorded a narrower loss before tax (LBT) of RM3.7 million in 1H FY2023 compared with LBT of RM4.0 million in 1H FY2022.

Key Points: 
  • The Company recorded a narrower loss before tax (LBT) of RM3.7 million in 1H FY2023 compared with LBT of RM4.0 million in 1H FY2022.
  • For the second quarter ended 31 December 2022 (2Q FY2023), the Company's revenue decreased 5.6% to RM36.0 million compared with RM38.1 million in 2Q FY2022, while LBT widened to RM2.8 million compared with RM1.3 million reported in 2Q of the previous financial year.
  • Revenue contribution from the manufacturing business increased 6.9% to RM45.7 million in 1H FY2023 compared with RM42.8 million in 1H FY2022, while revenue contribution from the engineering, procurement, construction, and commissioning (EPCC) business decreased marginally to RM20.2 million compared with RM21.4 million.
  • For 2Q FY2023, the manufacturing business contribution to revenue decreased to RM21.6 million compared with RM23.7 million in 2Q FY2022, while EPCC business revenue contribution remained stable at RM14.0 million.

SCIB Terminates Indonesian Project

Retrieved on: 
Tuesday, February 14, 2023
Labuan, SCIB, Engineering, EPCC, COVID-19

KUCHING, MALAYSIA, Feb 14, 2023 - (ACN Newswire) - Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB) today announced that the Company's wholly-owned subsidiary, SCIB International (Labuan) Ltd. (SCIBILL), has issued a notice of termination to PT Cipta Multi Sarana (PTCMS) for the proposed engineering, procurement, construction and commissioning (EPCC) project involving earthworks for the Prabumulih-Muara Enim tolled road located in Sumatera, Indonesia valued at RM55.59 million.

Key Points: 
  • KUCHING, MALAYSIA, Feb 14, 2023 - (ACN Newswire) - Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB) today announced that the Company's wholly-owned subsidiary, SCIB International (Labuan) Ltd. (SCIBILL), has issued a notice of termination to PT Cipta Multi Sarana (PTCMS) for the proposed engineering, procurement, construction and commissioning (EPCC) project involving earthworks for the Prabumulih-Muara Enim tolled road located in Sumatera, Indonesia valued at RM55.59 million.
  • Group MD and CEO of SCIB, Encik Rosland bin Othman
    SCIBILL, which accepted a letter of award for the EPCC project on 18 August 2020 from PTCMS, has decided to take the necessary measures to protect its interests following the lack of progress in the project arising from uncertainties related to the COVID-19 pandemic and in view of the initiatives being taken to review and update SCIB's order book records.
  • Group Managing Director of SCIB, Encik Rosland bin Othman said, "The termination is in the best interests of the Company as there has been no progress on the project.
  • On the part of PTCMS, it has acknowledged that there are no penalties or liquidated ascertained damages on SCIBILL."

Rinani Acquires KL City FC

Retrieved on: 
Tuesday, February 7, 2023
Private sector, Sport, Asian Football Confederation, Kuala Lumpur Football Association, News, Federal, AFC, 2016 AFC Cup, SCIB, KLFA, Acquisition, Fashion, Go KL City Bus, Chera dynasty

We look forward to KL City FC continuing to be a trailblazer, with the support of our fans."

Key Points: 
  • We look forward to KL City FC continuing to be a trailblazer, with the support of our fans."
  • "KL City FC, now an elite club, will keep pushing boundaries and continue to be a professionally managed football club with "football decisions" being the core.
  • KLFA president Khalid Abdul Samad said: "I welcome the news of Rinani taking a majority stake in KL City FC and becoming a joint partner together with KLFA of the club.
  • KL City FC last Saturday hosted the match versus Perak which ended 3-0 to the home side at Kuala Lumpur Football Stadium in Bandar Tun Razak, Cheras.

SCIB and Bintai Kinden in Strategic Alliance

Retrieved on: 
Tuesday, February 7, 2023
Memorandum of understanding, Automation, Knowledge, Industrialised building system (IBS), Partnership, Main–Market Historic District, BHD, JV, SCIB, Engineering, Airline, Construction

Group Managing Director of SCIB, Encik Rosland bin Othman

Key Points: 
  • Group Managing Director of SCIB, Encik Rosland bin Othman
    Executive Director of Bintai Kinden, En.
  • Bhd in which SCIB will retain a 51% stake in the JV while Bintai Kinden will subscribe to the remaining 49%.
  • Bintai Kinden is a mechanical and electrical ("M&E") engineering services specialist listed on the Main Market of Bursa Malaysia, with unique combination of extensive regional experience and local knowledge.
  • Group Managing Director of SCIB, Encik Rosland bin Othman said, "We welcome this strategic alliance with Bintai Kinden as both parties can leverage each other's strengths and expertise that add value to any projects we are involved in together.

Banco Santander-Chile Announces Fourth Quarter 2022 Earnings

Retrieved on: 
Friday, February 3, 2023
NII, Crédit Agricole Corporate and Investment Bank, Treasury, Credit, S&P Global Ratings, Central bank, KBRA, NYSE, Travel, Corporation, Acceleration, Acquisition, Government, Yoy, BSAC, BIS, Japan Credit Rating Agency, Moody's Investors Service, Negative-index metamaterial, ADR, SSE, POS, Banco Santander Chile, Investment, Bank, MPR, RWA, Growth, SCIB, Quarter, Central Bank of Myanmar, NPL, Cryptocurrency, Life

SANTIAGO, Chile, Feb. 03, 2023 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE: BSAC; SSE: Bsantander) announced today its resultsi for the twelve-month period ended December 31, 2022, and fourth quarter 2022 (4Q22).

Key Points: 
  • SANTIAGO, Chile, Feb. 03, 2023 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE: BSAC; SSE: Bsantander) announced today its resultsi for the twelve-month period ended December 31, 2022, and fourth quarter 2022 (4Q22).
  • The total number of Life clients as of December 2022 increased 22.0% YoY and in the fourth quarter 2022 Life opened 27,849 current accounts, reaching a total of 1,097,966 clients.
  • According to the latest information available, as of October 2022, our market share of current accounts reached 28.4% in current accounts.
  • Banco Santander Chile is the largest bank in the Chilean market in terms of loans and assets.

SCIB Enforces Rights to Withdraw from Project

Retrieved on: 
Friday, January 27, 2023
BHD, Letter, EPCC, SCIB, KHSB, Engineering, Risk management

(KHSB) for the proposed engineering, procurement, construction and commissioning (EPCC) contracts involving a specialist hospital project located in Johor Bahru.

Key Points: 
  • (KHSB) for the proposed engineering, procurement, construction and commissioning (EPCC) contracts involving a specialist hospital project located in Johor Bahru.
  • SCIB and KHSB have mutually agreed to the Company withdrawing from the project.
  • As part of the withdrawal from the project, KHSB will reimburse under a settlement agreement, the commitment fee amounting to RM1.65 million that SCIB had paid out in two tranches.
  • Group Managing Director of SCIB, Encik Rosland bin Othman said, "The Company is enforcing its rights under the contracts and taking the necessary measures to protect SCIB's interests in mitigating the risks arising from the long delay or non-movement of project progress due to the uncertainties and inability to secure the necessary operator for the project.

SCIB Proposes Private Placement to Raise Up to RM10.98 Million

Retrieved on: 
Wednesday, January 11, 2023
SCIB, AGM, LPD, Bank, Security (finance)

Company to use gross proceeds for working capital, repayment of bank borrowings and estimated placement expenses

Key Points: 
  • Company to use gross proceeds for working capital, repayment of bank borrowings and estimated placement expenses
    KUCHING, MALAYSIA, Jan 11, 2023 - (ACN Newswire) - Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB) is proposing a private placement to raise gross proceeds of up to approximately RM10.98 million for working capital, repayment of bank borrowings and estimated expenses for the proposed private placement.
  • Group MD and CEO of SCIB, Encik Rosland bin Othman
    While the issue price and the actual number of shares to be issued will be determined later, under the maximum scenario in which all the Company's 245.18 million outstanding warrants are exercised, the proposed private placement will entail the issuance of up to 82.72 million placement shares at an indicative price of RM0.1327 per placement share to raise gross proceeds of up to approximately RM10.98 million.
  • Under the minimum scenario, should none of the outstanding warrants be exercised, then gross proceeds raised will be RM7.72 million.
  • The proposed private placement is undertaken in accordance with the approval obtained from the shareholders of the Company at the 46th AGM convened on 8 December 2022.