3REN BERHAD POSTS THIRD QUARTER RESULTS FOR 2024

3REN Berhad (“3REN” or the “Group”) reported RM29.0 million in revenue, RM2.8 million in profit before tax, and RM2.2 million in profit after tax for Q3 of its financial year ending 31 December 2024.

For the nine months, revenue reached RM74.6 million, driven primarily by engineering services. 3REN will list on Bursa Malaysia’s ACE Market on 6th November 2024.

CEO Koh Dim Kuan said, “We’re excited about our strong results and the growth prospects in automation, AI, and IoT, all areas where we are strategically positioned to benefit

AXIS-REIT REPORTS 12% INCREASE IN TOTAL TRUST INCOME FOR Q3FY2024

Axis-REIT posted a 12% increase in Q3 FY2024 trust income to RM80.3 million, with strong contributions from new property acquisitions and leases. Excluding unrealized losses, net trust income would reach RM42.5 million. The REIT proposed a 2.35 sen per unit distribution, payable on 29 November 2024. CEO Leong Kit May remains optimistic about growth, supported by recent fully leased acquisitions.

KIP REIT POSTS 19.4% GROWTH IN NPI AND DECLARES 1.52 SEN DPU FOR Q1FY2025

KIP REIT delivered a strong start to FY2025, with net property income rising 19.1% to RM19.7 million and gross revenue increasing 19.2% to RM26.7 million. Retail assets, contributing 94.0% of revenue, saw improved performance, including higher occupancy across KIPMalls and the acquisition of KIPMall Kota Warisan. CEO Valerie Ong highlighted the strategic growth, noting the approval of the DPulze Shopping Centre acquisition. A distribution per unit of 1.52 sen for Q1FY2025 was declared

UUE RECORDS 10.5% REVENUE GROWTH FOR Q2FY2025

UUE Holdings Berhad (“UUE”), an underground utilities engineering provider, reported a 10.5% revenue increase to RM43.0 million in Q2FY2025, driven by growth in both its utilities engineering and HDPE pipes segments. Profit before tax rose 17.8% to RM8.8 million, while profit after tax grew 21.2% to RM6.7 million. Managing Director Datuk Dr Ting Kok Hwa highlighted UUE’s vertical integration as a key factor in its success, offering cost-efficient, high-quality solutions.

YINSON RECORDS 9% YoY GROWTH IN PROFIT AFTER TAX FOR Q2′ FYE 2025

Yinson Holdings Berhad (“Yinson”), a global energy infrastructure and technology company, announced its Q2 FYE 2025 results, reporting RM754 million in revenue and a 58% YoY increase in EBITDA. Key achievements include the divestment of its Offshore Marine business, successful FPSO project milestones, and the full operation of Yinson Renewables’ 97 MWp Matarani Solar project ahead of schedule. The Group remains focused on sustainable growth and delivering value to shareholders.

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.