FAJARBARU DELIVERS IMPRESSIVE 142.5% SURGE IN PROFIT AFTER TAX
Fajarbaru Builder Group Bhd (“Fajarbaru”) reported an 87% revenue growth to RM136.4 million for Q1FYE2025, with profit before tax surging 237.7% to RM11.5 million. The strong performance was driven by its property development and construction segments.
With a robust RM1.1 billion order book and ongoing projects like the Medi-City Bandar Cassia Masterplan, Fajarbaru is well-positioned for continued growth. A 1.0 sen interim dividend has been declared, amounting to RM7.4 million.
TOMEI’S PROFIT AFTER TAX UP 20% FOR 9MFY2024
Tomei Consolidated Berhad (“Tomei”) reported a 21.2% rise in nine-month revenue to RM805.3 million, driven by strong retail segment growth. Profit after tax rose 19.9% to RM49.5 million. Q3FY2024 revenue grew 5.9% to RM215.6 million, with PBT impacted by hedging losses and one-off expenses. Tomei expects festive season demand to boost sales and has declared a 1.5 sen interim dividend payable on 23 December 2024.
MGB DELIVERS ROBUST Q3FYE2024 GROWTH WITH 30% SURGE IN PAT
MGB Berhad (“MGB”), a subsidiary of LBS Bina Group Berhad, delivered robust Q3FY2024 results with a 12.9% YoY revenue growth to RM289.2 million, driven by a four-fold increase in its property development segment. Profit before tax rose 24.0% to RM22.2 million, while PAT increased 29.9% to RM16.5 million.
For the nine months, revenue grew 16.3% YoY to RM775.1 million, supported by efficiency in operations and a focus on affordable housing projects like Rumah Idaman MBI. MGB maintains a strong financial position, with RM1.2 billion in orderbook and RM0.7 billion in unbilled sales, ensuring sustained growth into FYE 2024.
CENSOF DOUBLES ITS EARNINGS FOR THE FIRST HALF OF FYE2025
Censof Holdings Berhad (“Censof”) announced strong results for the second quarter and half-year ended 30 September 2024. Quarterly revenue rose 10.3% to RM27.9 million, with profit before tax (“PBT”) at RM2.6 million and profit after tax (“PAT”) at RM1.6 million. For the first half, PBT and PAT doubled to RM5.3 million and RM3.7 million, driven by a 16.8% revenue increase, primarily from the Financial Management Solutions – Government (“FMS-G”) segment.
MR D.I.Y DECLARES 78% DIVIDEND PAYOUT, UP 25% Y-o-Y
MR D.I.Y Group Berhad (“MR D.I.Y”) announced a 77.7% dividend payout for 3QFY2024, totaling RM94.5 million, a 25.2% year-on-year increase. Revenue rose to RM1.1 billion, driven by a 15% increase in store count to 1,389 and a 9% growth in transaction volumes. Despite a slight 1.9% drop in PAT to RM121.6 million, gross profit increased by 7.5% to RM515.4 million with stable margins.
KEYFIELD ACHIEVES RECORD 3Q2024 PATAMI OF RM81.1 MILLION, REWARDS SHAREHOLDERS WITH FURTHER 4.0 SEN DIVIDEND
Keyfield International Berhad (“Keyfield”) achieved record revenue of RM216.8 million and PATAMI of RM81.1 million in 3Q2024, with year-to-date PATAMI reaching RM181.5 million, up 72% from last year’s full-year results. High vessel utilisation at 99.2% drove this strong performance. Keyfield also announced a third interim dividend of 4.0 sen per share, raising its 2024 payout to RM64.2 million
99 HOLDINGS REPORTS 24.6% GROWTH IN PAT FOR 9MFY2024
99 Speed Mart Retail Holdings Berhad (“99 Holdings”), Malaysia’s largest mini market chain, posted Q3FYE2024 revenue of RM2.6 billion, up 8.8% year-on-year, with profit before tax at RM145.1 million. The Company added 51 outlets this quarter, totaling 177 new outlets for 2024, moving closer to its target of 3,000 outlets by 2025.
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
