KUALA LUMPUR: AWC Berhad announced that turnover for its first quarter ended Sept 30, 2009, rose almost 100 per cent to RM36.1 million from RM18.6 million in the same quarter last year.Pre-tax profit was RM5.3 million compared to a loss of RM1.9 million previously, the engineering services and integrated facility management solutions provider said in a statement on Monday.The main contribution to growth came from the group's overseas projects in Abu Dhabi, where it has contracts to design and build waste collection systems in Al Beach Raha Island, a premier estate development.
Bizjournals.com
Human Capital - People on the move
01/06/2009
UGL Unicco, a Newton-based provider of outsourced facilities services, appointed Paul Asmar vice president of operations and facilities management. Asmar previously served as vice president, national operations at EMCOR Facilities Services Inc.
Gulf Times
CBM, Afrina form joint venture
01/08/2009
CBM, one of the integrated facility management companies in Singapore, and Afrina, a leading construction company in Doha, have formed a joint venture facility management company, CBM-Afrina.The new company will provide integrated facility management services to clients in Qatar. CBM, with a four-decade track record, is a subsidiary of Singapore’s property pioneer City Developments.
Transfield
Business Spectator
Transfield's greenback slip
01/12/2008
The group's problem, as detailed in a letter from its chairman, Tony Shepherd, attached to the prospectus for the retail offer, relates to the expansion of its facilities management and maintenance business into the US in recent years. The crisis Transfield faced isn’t, at this point, related to any significant issues at the operational level. Its issues are balance sheet issues created by its exposures to the US dollar. The capital raising by itself wouldn’t be sufficient to solve the group’s mismatches, hence it has been accompanied by a restructuring of its borrowing facilities
