OCK RECORDS 26.5% SURGE IN NET PROFIT FOR FOURTH QUARTER 2024

OCK Group Berhad posted a 36.3% YoY PBT growth to RM13.6 million, driven by telecom services, data centres, and cost optimisation. FY2024 revenue hit RM650.4 million, with 64.2% from recurring income, reinforcing its resilience.

The Group declared a 0.5 sen interim dividend and is expanding into data centres, digital solutions, and renewable energy, including a 116MW solar farm, ensuring sustainable long-term growth.

EDEN INC. BERHAD REPORTS SUBSTANTIAL INCREASE IN PROFITABILITY FOR Q2FY2025, YEAR-TO-DATE FY2025 AND PRICE FIXING FOR WARRANTS

EDEN’s PBT surged 240% YoY to RM4.1 million, driven by cost optimisation in its energy segment. For 1HFY2025, PBT rose 135% to RM10.1 million on revenue of RM65.3 million.

The Company also set the Warrants C exercise price at RM0.18, reinforcing its commitment to shareholder value and sustainable growth.

TOMEI CROSSES THE RM1.0 BILLION REVENUE MILESTONE FOR FY2024

Tomei has achieved a major milestone, surpassing RM1.05 billion in annual revenue for the first time in FY2024, driven by higher retail gold prices and strong demand. Profit before tax surged 26.2% to RM84.7 million, with retail remaining the key growth driver.

Group MD Datuk Ng Yih Pyng attributes this success to strategic growth and evolving consumer trends, as gold gains traction as both an ornament and investment asset. With 60 retail outlets nationwide, Tomei remains committed to enhancing customer experience and sustaining profitability.

CREST BUILDER REPORTS REMARKABLE TURNAROUND FOR 2024 

Crest Builder Holdings Berhad achieved a turnaround in FYE2024, posting RM5.6 million PAT with 17.7% revenue growth to RM574.6 million—its highest since 2018. Strong performance in construction and property, a RM1.5 billion order book, and RM935 million in new contracts set the stage for continued growth.

TMK REPORTS 21.9% GROWTH IN PAT FOR FYE2024

TMK Chemical Bhd (“TMK”) reported strong financial results for Q4 and FYE2024, with annual revenue of RM1.3 billion and PAT rising 21.9% Y-o-Y to RM111.6 million. Excluding one-off expenses, normalised PAT surged 28.4%.

TMK declared a final dividend of 3.5 sen per share, bringing the total FYE2024 payout to 50% of PAT. Managing Director Wong Kin Wah highlighted strategic execution and expansion efforts, reinforcing TMK’s market leadership.

NORTHEAST ANNOUNCES HIGHER REVENUE AND ADJUSTED PROFIT BEFORE TAX

Northeast Group Berhad (“Northeast”) reported a 12.3% revenue growth to RM24.2 million in Q1 FYE2025, driven by higher sales from the photonics and telecommunication industries.

Excluding one-off listing expenses, adjusted PBT surged 193.4% to RM5.5 million, underscoring the Group’s strong operational performance. Managing Director Ng Chay Chin highlighted efficiency improvements and global market presence as key drivers, with plans to secure new orders from existing and new customers.

ITMAX POSTS 27.4% PROFIT AFTER TAX GROWTH FOR 2024

ITMAX System Berhad (“ITMAX”) posted a 48.2% revenue surge to RM63.1 million in Q4FYE2024, with PBT and PAT rising 28.3% and 25.6%, respectively. For FYE2024, revenue grew 47.1% to RM220.2 million, while PAT reached RM80.5 million, driven by strong demand for digital infrastructure solutions.

The Group declared a total dividend of 2.0 sen per share, surpassing last year’s payout. CEO William Tan Wei Lun highlighted ITMAX’s expansion, smart city solutions, and commitment to AI-driven digital infrastructure, reinforcing its role in building smarter, connected cities

KEYFIELD REPORTS FULL YEAR PATAMI OF RM223.6 MILLION, DIVIDENDS OF 11.0 SEN

Keyfield International Berhad (“Keyfield”) posted a 59.6% revenue growth to RM687.2 million in FY2024, with PATAMI more than doubling to RM226.9 million.

The Group declared a 3.0 sen dividend, bringing total FY2024 payouts to RM88.3 million, nearly double its initial target. CEO Dato’ Darren Kee Chit Huei attributed the strong performance to robust vessel demand, fleet expansion, and strategic milestones, including its IPO and RM200 million Sukuk issuance.

With a 147% return since listing, Keyfield continues its strong growth trajectory.

RESERVOIR LINK ANNOUNCES QUANTUM LEAP IN EARNINGS FOR THE FIRST HALF OF FYE2025

Reservoir Link Energy Bhd (“Reservoir Link”) posted strong growth for the first half ended 31 December 2024, with PBT and PAT surging to RM86.1 million and RM84.7 million, driven by the Nasdaq listing of Founder Group Limited (“FGL”).

Executive Deputy Chairman Thien Chiet Chai reaffirmed the Group’s focus on balancing oil & gas stability with renewable energy growth, pursuing clean energy initiatives and new tenders for sustained expansion.

99 HOLDINGS REPORTS 22.5% PAT GROWTH FOR FYE2024

99 Speed Mart Retail Holdings Berhad (“99 Holdings”) posted strong Q4FYE2024 results, with revenue up 7.3% Y-o-Y to RM2.58 billion and full-year revenue rising 8.3% to RM9.98 billion. Normalised PBT and PAT grew 27.1% and 27.7%, respectively.

Founder and CEO Lee Thiam Wah highlighted 2024 as a milestone year, surpassing expansion targets and achieving a successful listing. Looking ahead, 99 Holdings aims to reach 3,000 outlets by end-2025 and expand its 99 Bulksales platform, with its Sarawak entry set for March 2025.