BINASTRA’S PATAMI SOARS 189.3% FOR 1HFYE2025
Binastra Corporation Berhad (“Binastra”) reported strong financial results for Q2 ended 31 July 2024, with revenue up 157.5% to RM230.9 million. Profit before tax rose 169.8% to RM30.5 million, while profit after tax and minority interests increased 171.4% to RM22.9 million, driven by higher construction activities and 5 new projects. For the first half of the financial year, revenue grew 175.6% to RM410.5 million.
UMEDIC GROUP BERHAD RECORDS 20.1% SURGE IN REVENUE
UMediC Group Berhad (“UMC”) announced its fourth-quarter results, with revenue of RM14.9 million, profit before tax (“PBT”) of RM3.8 million, and profit after tax (“PAT”) of RM3.0 million, reflecting strong quarterly growth. For the full year ended 31 July 2024, UMC recorded a 20.1% increase in revenue to RM54.6 million, driven by higher demand for medical devices and consumables. Annual PBT and PAT were RM12.6 million and RM9.3 million, respectively.
ICON OFFSHORE MAKES A COMEBACK WITH PROFITABLE Q2FYE2024
Icon Offshore Berhad (“ICON”) reported a 35.2% increase in Q2FYE2024 profit before tax to RM10.1 million and a 53.0% rise in profit after tax to RM6.8 million, driven by higher charter rates and lower costs. ICON also plans to acquire several marine businesses, including two deepwater ports in Vietnam, for RM437.5 million, expanding its operations in Southeast Asia, with completion expected by December 2024.
OCK REPORTS SECOND QUARTER RESULTS FOR 2024
OCK Group Berhad announced Q2 2024 results with RM158.4m revenue and RM7.6m PATAMI. While turnkey contracts saw a slight dip, recurring income from tower leasing and managed services remained strong. For the first half of 2024, OCK recorded RM324.4m revenue and declared an interim dividend of 0.5 sen per share, representing 30% of PATAMI. The Group maintains a healthy balance sheet with a 0.65x gearing ratio.
UEM EDGENTA DELIVERS RESILIENT PERFORMANCE IN 1H 2024, ACHIEVES STRATEGIC MILESTONES
UEM Edgenta Berhad recorded a 6.4% increase in revenue for 1H FY2024, reaching RM1.44 billion. Net profit for Q2 FY2024 grew by 2.1% to RM12.8 million. The company secured RM2.0 billion in new contracts, with over 90% from international markets. UEM Edgenta’s strong order book of RM10 billion ensures long-term earnings visibility.
OPTIMAX POSTS RECORD QUARTERLY REVENUE
Optimax Holdings Berhad (Optimax) announced its highest-ever quarterly revenue of RM32.0 million in Q2FYE2024, a 14.7% increase from Q2FYE2023. PBT rose 7.3% to RM5.9 million, while PAT reached RM4.2 million. For 1HFYE2024, Optimax reported revenue of RM60.3 million, marking an 11.7% growth.
CREST BUILDER MAINTAINS TURNAROUND WITH PAT OF RM0.7 MILLION
Crest Builder Holdings Berhad (CBHB) reported a positive Q2FY2024, with a PAT of RM0.7 million, a significant turnaround from last year’s loss of RM7.8 million. Revenue rose by 2.2% to RM125.3 million, supported by progress in construction projects. For 1HFY2024, CBHB saw a 7.5% increase in revenue to RM233.3 million and a PAT of RM1.4 million.
TT VISION POSTS 135.4% GROWTH IN PROFIT AFTER TAX
TT Vision Holdings Berhad (TTVHB) achieved a 77.3% revenue increase to RM20.3 million in Q2 2024, with PBT up 96.0% and PAT rising 135.4%, due to the strong sales of solar cell inspection equipment. In the first half of 2024, revenue grew 11.2%, with PAT up 3.6%.
P.A. RESOURCES POSTS RECORD FULL YEAR REVENUE & PAT OF RM564.6 MILLION AND RM45.7 MILLION
P.A. Resources Berhad (P.A.) delivered strong growth in FYE2024, with revenue up 22.4% to RM564.6 million. Profit Before Tax rose 36.7%, and Profit After Tax increased 45.8%. Over the last 4 years, P.A. achieved a CAGR of 29.3% in revenue and 49.7% in PAT. For Q4FYE2024, revenue jumped 40.4% to RM146.8 million, with a 296.9% surge in PAT!
FARM FRESH RECORDS FOUR-FOLD SURGE IN PATAMI HIGHLIGHTING A STRONG START TO FY2025
Farm Fresh Berhad hit record highs in Q1FY2025! Revenue jumped 30.3% to RM241.7 million, with PBT soaring 383.0%. PAT and PATAMI also saw significant growth, up 372.6% and 308.0%, respectively. Compared to the last quarter, revenue grew 12.4%, with solid increases in PBT, PAT, and PATAMI.
