QL Resources expects steady year ahead
In a filing with Bursa Malaysia, QL said profitability for its integrated livestock farming segment is expected to decline amid improved egg supply, due to phased subsidy rationalisation starting May 1 and the removal of all subsidies from Aug 1, 2025.
In the fourth quarter ended March 31, QL posted a lower net profit of RM93.9mil, bringing its full-year net profit to RM455.6mil.
Revenue for the quarter rose 6.7% to RM1.76bil, lifting the full year revenue to RM7.07bil.
QL has proposed a final single-tier dividend of 2.50 sen per share, amounting to RM91.3mil for the financial year ended March 31, 2025, subject to shareholder approval at the upcoming annual general meeting.
The group said the outlook for marine product manufacturing (MPM) is neutral to positive as the surimi-based products are expected to benefit from low input cost and increased export demand with its relatively competitive position under the current tariff structure.
QL said the convenience store chain will continue to open new stores, especially those underserved areas and plan to introduce more local delicacies which offer good value for consumers at large.
'Through our listed subsidiary BM Greentech and its enhanced capabilities following the acquisition of Plus Xnergy, we are well positioned to capitalise on the growth opportunities and play an important role in Malaysia's National Energy Transition Roadmap initiatives,' it said.
'With our core businesses dealing with basic foods and green energy solutions, the management nevertheless remains cautiously optimistic that the group's business performance will remain resilient for the new financial year, notwithstanding continued uncertainty in the regional economies and Malaysia's egg subsidy rationalisation.
'We will stay focused on driving operational efficiency and making new strategic investments, including technology, to achieve sustainable growth,' it added.
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