Sime Darby property positive on FY22, targets RM2.6 bln in sales
KUALA LUMPUR: Sime Darby Property Bhd is optimistic about its outlook for financial year 2022 (FY22), projecting a gross profit margin of between 20 per cent and 25 per cent. The property development group has also set a sales target of RM2.6 billion for the year, supported by development projects worth RM2.8 billion in gross […]
Bintulu Port Group’s operating revenue up 2.98%
BINTULU: Bintulu Port Group’s operating revenue for 12 months ending December 31, 2021 rose by 2.98% to RM728.39 million (12M 2020: RM707.31 million). Revenue generated from port’s services at Bintulu Port was RM548.12 million as against RM549.82 million during the 12 months of the preceding year. Samalaju Industrial Port generated RM136.90 million revenue compared to […]
SPB earnings per share rise to 45.81 sen from 22.01 sen
KUCHING: Sarawak Plantation Bhd (SPB) has posted impressive earnings, with group net profit more than doubled to RM127.8 million in financial year ended Dec 31, 2021 (FY2021) from RM61.4 million in FY2020 as revenue surged to RM790.5 million from RM465.8 million, thanks to robust palm oil market . Earnings per share rose to a solid […]
Sealink net loss widens to RM65.8m on impairment
KUCHING: Sealink International Bhd has lost more money as its group net loss widened to RM65.8 million in financial year ended Dec 31, 2021 (FY2021) from RM40.8 million in FY2020 due to impairment on aged vessels and inventories as well as trade receivables. Year-on-year, group revenue dipped to RM37.8 million from RM49.9 million in FY2020. […]
Strong palm oil prices cut Rimbunan Sawit net loss
KUCHING: Rimbunan Sawit Bhd has narrowed its group net loss to RM7.11 million in financial year ended Dec 31, 2021 (FY2021) from RM44.1 million in FY2020, thanks to the buoyant oil palm prices, despite drop in production and sales volume of fresh fruit bunches (FFB), crude palm oil (CPO) and palm kernel (PK). Year-on-year, group […]
Nestle Malaysia posts net profit of RM569.8 million
KUALA LUMPUR: Nestle (Malaysia) Bhd’s net profit for the financial year ended Dec 31, 2021 improved to RM569.81 million from RM552.71 million due to the higher sales and marketing spend efficiency. However, it was offset slightly by increased commodity prices as well as significant COVID-19 related expenses. Its revenue rose 5.9 per cent to RM5.73 […]
Axiatá’s FY2021 net profit up at RM818.9 mln
AXIATA Group Bhd’s net profit jumped to RM818.90 million in the financial year ended Dec 31, 2021 (FY2021) from RM365.16 million a year ago. Revenue rose 7.0 per cent to RM25.90 billion from RM24.20 billion previously, while earnings before interest, taxes, depreciation, and amortisation (EBITDA) also increased 7.0 per cent to RM11.40 billion from RM10.66 […]