MGB RAISES DIVIDEND PAYOUT TO 30% OF PATMI, ACHIEVES RECORD REVENUE EXCEEDING RM1 BILLION, WITH PROFIT BEFORE TAX SOARING TO RM87.1 MILLION 

MGB Berhad (“MGB” or the “Group”) closed FYE2024 with revenue surpassing RM1.0 billion, driven by a four-fold surge in its property development segment. PBT and PAT rose 25.9% and 22.3% to RM87.1 million and RM61.7 million, respectively.

In appreciation of shareholder support, MGB increased its dividend payout policy from 20% to 30% of profit after tax and minority interests. An interim dividend of RM0.015 per share, totaling RM8.99 million, will be paid on 28 March 2025.

With a strong financial position and RM1.27 billion in outstanding construction orders, MGB remains poised for continued growth.

AXIS-REIT ACHIEVES 12.0% GROWTH IN TOTAL TRUST INCOME FOR FY2024

Axis Real Estate Investment Trust (“Axis-REIT”) has announced impressive results for FY2024, reporting a total trust income of RM320.1 million, up 12.0% year-on-year. This growth was mainly driven by newly acquired properties, new tenancies at Axis Mega Distribution Centre (Phase 2), and positive rental reversion across its portfolio.

Despite a lower gain in fair value adjustments, Axis-REIT achieved an adjusted net income before tax increase of 16.0% year-on-year, reflecting strong operational performance. For Q4FY2024, total trust income was RM87.8 million, a 16.0% increase from the previous year, and net trust income stood at RM93.5 million.

Axis-REIT has proposed a final income distribution of 1.27 sen per unit, bringing the total distribution per unit (“DPU”)for FY2024 to 9.27 sen.

UUE ACHIEVES 7.5% PAT GROWTH IN Q3FY2025

UUE Holdings Berhad (“UUE”) posted a 7.0% quarter-on-quarter revenue growth to RM46.1 million in Q3FY2025, driven by a 13.0% increase in its underground utilities engineering solutions segment. Gross profit and profit after tax (“PAT”) rose by 7.1% and 7.5% respectively, reflecting steady growth amid rising demand for underground infrastructure.

For the cumulative 9 months, UUE recorded a gross profit of RM37.9 million on revenue of RM128.1 million, with PAT of RM19.5 million, supported by a strong project pipeline and order book.

KIP REIT REPORTS ROBUST Q2FY25 PERFORMANCE WITH 32.7% REVENUE GROWTH

KIP REIT delivered strong Q2FY25 results with gross revenue up 32.7% to RM30.0 million and net property income rising 28.9% to RM21.6 million. Growth was driven by retail contributions, including D’Pulze Shopping Centre and TF Value Mart, alongside a 97.1% overall occupancy rate.

CEO Ms. Valerie Ong highlighted the impact of recent acquisitions and upcoming industrial properties, reinforcing the Group’s path to its RM2.0 billion asset target by FY27. A 1.66 sen distribution per unit for Q2FY25 offers an attractive 7.7% yield.

KAWAN RENERGY ACHIEVES ALL-TIME HIGH EARNINGS IN FYE2024

Kawan Renergy Berhad (“Kenergy” or the “Group”) reported a 23.1% quarter-on-quarter revenue growth to RM39.2 million in Q4FYE2024, driven by robust performance in its process plant and industrial process equipment segments. Full-year revenue rose 15.0% to RM113.1 million, while PAT surged 44.5% to a record RM19.2 million.

With an order book of RM141.7 million as of 31 October 2024, Managing Director Ir. Lim Thou Lai highlighted the Group’s strategic investments and strong execution capabilities, positioning it to leverage growth in Malaysia’s industrial process equipment sector.

BINASTRA ANNOUNCES RECORD-HIGH PERFORMANCE FOR 9MFYE2025

Binastra Corporation Berhad (“Binastra” or the “Group”) reported record-breaking financial results for Q3FYE2025, with revenue up 120.0% to RM265.9 million and PATAMI surging 115.4% to RM24.2 million.

For 9MFYE2025, revenue grew 150.7% to RM676.4 million, driven by nine new projects and increased construction activities, while PATAMI rose 156.6% to RM65.2 million.

YINSON RECORDS 27% YoY GROWTH IN EBITDA FOR 9M FY2025

Yinson Holdings Berhad (“Yinson”) reported a 27% YoY increase in 9M FY2025 EBITDA to RM2.5 billion. Key milestones include achieving first oil for FPSO Maria Quitéria ahead of schedule, securing USD59 million green financing for the Matarani Solar Project, and launching the Hydroglyder, Singapore’s first fully electric hydrofoil vessel.

Yinson continues to deliver sustainable growth through operational excellence, innovative financing, and top-tier ESG recognition by S&P Global CSA and Sustainalytics.

LBS’ Q3FYE2024 EARNINGS SURGED DRIVEN BY GAIN FROM DISPOSAL, DECLARES SPECIAL DIVIDEND TO REWARD

LBS Bina Group Berhad (“LBS”) reported a Q3 2024 PATMI of RM164.5 million, driven by a one-off RM136.9 million gain from the disposal of Zhuhai International Circuit Ltd (ZICL). This move bolstered financial strength, complemented by a special 2.6 sen dividend.

The Group unveiled its RM9.5 billion Rimbawan Township in Genting Highlands and advanced ESG initiatives, including a solar farm and green hydrogen facility in Sabah.

GEORGE KENT REPORTS RESILIENT PERFORMANCE FOR Q2FY2025

George Kent

George Kent (Malaysia) Berhad reported Q2FY2025 revenue of RM29.83 million and a six-month cumulative revenue of RM60.10 million, despite an unrealised forex loss of RM22.72 million.

The Metering Division achieved RM28.03 million in revenue and RM4.50 million in operating profit, driven by strong domestic demand. The Engineering Division is actively pursuing projects in rail, hospital, and water infrastructure.

A 0.75 sen interim dividend was declared, while the Group earned its third Gold Award at The Edge ESG Awards 2024 for sustainability. The Group remains focused on renewable energy and technology-driven growth.

ICON ANNOUNCES MAJOR SURGE IN PAT BY OVER 158% FOR Q3 2024

Icon Offshore Berhad (“ICON”), a leading offshore support vessel provider, delivered a strong performance in Q3 2024, reporting a 167.8% increase in profit before tax (PBT) to RM23.4 million and a 158.2% rise in profit after tax (PAT) to RM18.3 million. Revenue climbed 20.7% year-on-year to RM70.6 million, driven by higher daily charter rates under long-term contracts.