KUALA LUMPUR (Nov 19): Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday:

Dialog Group Bhd (KL:DIALOG) reported a 7.3% decline in net profit to RM140.02 million for its first quarter ended Sept 30, 2025 (1QFY2026) from RM150.97 million a year earlier. The weaker earnings were mainly due to lower contributions from joint ventures (JVs) and associates, which were affected by unrealised foreign exchange movements. Quarterly revenue rose 3.6% year-on-year to RM657 million from RM634.45 million. No dividend was declared for the quarter. — Dialog's 1Q net profit down but core operations register stronger showing

Separately, the group entered into a deal with BP Singapore Pte Ltd on Tuesday that will more than double the storage capacity for refined petroleum products and biofuels at Phase 3 of the group's Pengerang Deepwater Terminals in Johor. Upon completion by mid-2028, Phase 3's capacity will rise by  614,000 m³ to about one million m³ across 48 tanks. The addition of five new berths is also expected to enhance marine handling capacity and support higher vessel traffic. Phase 3 of Pengerang Deepwater Terminals was launched in 2018 as part of Dialog’s multi-phase strategy to strengthen its recurring income base. — Dialog signs deal with BP Singapore to more than double its Phase 3 Pengerang terminals capacity

In its latest financial results, RCE Capital Bhd (KL:RCECAP) said that following Bank Negara Malaysia’s rate cut in July, its funding costs have eased, with the lower rate environment expected to underpin strong financing demand among civil servants. For the quarter ended Sept 30, 2025 (2QFY2026), the civil servant-focused financing provider posted a 5.3% increase in net profit to RM29.31 million from RM27.83 million a year earlier, driven by higher loan disbursements that boosted its fee income. The stronger bottom line was supported by lower impairment allowances on loan receivables, which fell to RM5.25 million from RM6.36 million, as well as reduced directors’ remuneration and staff costs to RM10.61 million from RM12.39 million. Quarterly revenue rose 2.8% to RM82.67 million from RM80.41 million previously. For 1HFY2026,  net profit slipped 4.9% to RM55.3 million from RM58.15 million, while revenue edged up 1.8% to RM162.46 million from RM159.52 million a year ago. — RCE Capital sees rate cuts supporting outlook, 2Q net profit up 5.3%

Malayan Flour Mills Bhd (KL:MFLOUR) posted a near fivefold jump in third-quarter net profit to RM35.79 million from RM7.34 million a year earlier, driven by lower wheat prices and stronger contributions from its Indonesian flour milling and poultry joint ventures. Revenue eased 3.3% to RM773.05 million from RM799.22 million, reflecting lower selling prices in the flour and grain trading segment despite stronger volumes. For 9MFY2025, net profit rose 51.3% to RM96.95 million from RM64.07 million, while revenue grew 3% to RM2.37 billion from RM2.3 billion. No dividend was declared for the quarter. — Lower wheat prices, JV turnaround propel Malayan Flour Mills’ earnings up nearly fivefold

The absence of government egg subsidies more than halved Teo Seng Capital Bhd’s (KL:TEOSENG) net profit to RM25.35 million for the third quarter from RM58.05 million a year earlier, despite higher revenue. The egg subsidy was fully removed on Aug 1, 2025, following an earlier cut from 10 sen to five sen per egg on May 1. Quarterly revenue, however, rose 5.9% to RM201.55 million from RM190.31 million, as stronger sales volume offset lower average selling prices. For 9MFY2025, net profit slipped 8.4% to RM108.57 million from RM118.46 million, while revenue declined 4.2% to RM541.49 million from RM565.35 million. No dividend was declared for the period. — Teo Seng's 3Q net profit more than halves after egg subsidies end

Paramount Corp Bhd (KL:PARAMON) posted a 52.65% year-on-year jump in net profit to RM25.02 million for 3QFY2025, from RM16.39 million, driven by the redemption of the remaining outstanding perpetual securities. Quarterly revenue fell 11.26% to RM242.73 million from RM273.53 million. CEO Jeffrey Chew said the group will adopt a cautious and demand-driven approach for its pipeline launches for the final quarter of this year. The company's broad portfolio of properties available for sale was valued at RM1.7 billion while unbilled sales stood at RM1.6 billion. — Paramount’s 3Q profit boosted by redemption of perpetual securities

Owing to higher general expenses, Manulife Holdings Bhd (KL:MANULFE) saw its net profit for 3QFY2025 decline 53% to RM17.02 million from RM36.18 million a year earlier, despite higher revenue. Quarterly revenue grew 5.4% to RM224.31 million from RM212.81 million, driven by stronger insurance revenue and higher fees collected for its asset management services. For 9MFY2025, net profit fell 21.3% to RM67.28 million from RM85.52 million in the same period last year, while revenue rose 3.5% to RM633.73 million. No dividend was declared for the quarter. — Dragged by higher expenses, Manulife's 3Q net profit halves despite rise in revenue

UOA Real Estate Investment Trust (KL:UOAREIT) posted a marginal 0.2% decline in net profit to RM10.45 million for 3QFY2025, compared with RM10.48 million a year earlier, despite an 8.3% rise in gross rental income. The dip was mainly due to higher maintenance costs, which drove property operating expenses higher. Gross rental income for the quarter climbed to RM30.07 million, up from RM27.77 million a year ago. For 9MFY2025, net profit rose 3.5% to RM31.3 million from RM30.24 million, while gross rental income increased 10.1% to RM89.85 million from RM81.58 million. No dividend was declared for the period. — UOA REIT profit dips slightly in 3Q on higher maintenance costs

British American Tobacco (Malaysia) Bhd (KL:BAT) said it is raising the retail prices of its cigarette brands from Friday (Nov 21), following the two-sen-per-stick excise duty hike announced under Budget 2026.The price revision, approved by the Health Ministry, will see Dunhill retail at RM18.20 per pack, up from RM17.40 currently. Benson & Hedges will be sold at RM18.40 per pack, Peter Stuyvesant at RM16.70, KYO at RM14, Rothmans at RM12.90 and Luckies at RM12.40. Malaysia last raised cigarette excise duties in 2015. The latest increase takes effect alongside a 10% hike in alcohol excise beginning Nov 1, as part of the government’s public health strategy under Budget 2026. — BAT raises cigarette prices as excise hike kicks in

Glovemaker Careplus Group Bhd (KL:CAREPLS) has decided to call off its proposed rights issue, citing the downtrend in its share price. Its share price has fallen 69% year to date. The stock closed unchanged at eight sen on Tuesday. The three-for-five rights issue, at 12 sen per share, was proposed by the company in April to raise between RM8.02 million and RM55.4 million, to fund phase one of its new energy vehicle manufacturing hub in Chembong, Negeri Sembilan. — Careplus aborts rights issue due to falling share price 

IGB Bhd (KL:IGBB) is acquiring the site of Perak’s shuttered theme park, Movie Animation Parks Studios (MAPS), for RM43.65 million to replenish its land bank. Its unit, Bintang Sentral Sdn Bhd, inked an agreement to acquire the two freehold parcels measuring 24.3 acres in Bandar Meru Raya, Ipoh. The identity of the seller was not disclosed.  MAPS, dubbed Malaysia's first animation theme park, permanently closed its doors in January 2020 after it received a lukewarm response from its opening in mid-2017. According to prior reports, the theme park was built on a 21-hectare site, equivalent to around 52 acres. The park was under Animation Theme Park Sdn Bhd (ATP), which was previously 51%-owned by Perak Corp Bhd (KL:PRKCORP) via its unit PCB Development Sdn Bhd. The original developer spent RM520 million building the park. — IGB buys former Movie Animation Parks Studios site in Perak for RM43.65m