DKSH 1Q25 net profit rises 19% on strong sales
The company's revenue for the quarter rose 7.1% to RM2.22bil from RM2.07bil in 1Q24.
KUALA LUMPUR: DKSH Holdings (M) Bhd , which has posted a 19% rise in first-quarter (1Q25) net profit, says it will continue focusing on talent development, digitalisation, and automation.
'The group's strategy remains to grow existing businesses and secure new businesses, improve cost and resource efficiency, manage working capital, and consistently monitor the outlook to navigate the prevailing environment,' DKSH said in a filing with Bursa Malaysia.
The trading group expects the economy to maintain its positive momentum in 2025, building on the strong year-on-year (y-o-y) growth achieved in 2024.
'While this outlook is encouraging, it is tempered by evolving global trade policies – including recent tariff adjustments and supply chain realignments – which may impact specific sectors.
'Potential rationalisation of domestic subsidies could introduce new cost dynamics,' it added.
In the 1Q25 ended March 31, 2025, DKSH's net profit rose 19% y-o-y to RM48.2mil or 30.56 sen per share, on sales growth, improved cost efficiencies and favourable foreign exchange gains.
Additionally, revenue for the quarter rose 7.1% to RM2.22bil from RM2.07bil in 1Q24.
It attributed the improved revenue to stronger sales from new and existing clients in the consumer goods and healthcare segments, along with higher outlet sales in the others segment.
DKSH added operating expenses for the quarter increased by 6.9% y-o-y to RM2.15bil compared to the corresponding 1Q24 and increased by 7.9% compared to the preceding 4Q24.
Furthermore, the changes in operating expenses were largely in line with the movement in revenue with controlled cost measures in selling and distribution expenses.
DKSH's consumer goods segment's revenue for the quarter improved by 6.8% on-year to RM1.2bil due to growth from existing and newly secured clients, and seasonal sales due to the timing of festivities in 2025, its filing noted.
Its healthcare segment's revenue for the quarter improved by 7.4% y-o-y to RM984mil driven by strong growth from existing and newly secured clients.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
39 minutes ago
- The Sun
Wasco launches UAE fabrication yard, supporting rising modular infrastructure needs
KUALA LUMPUR: Wasco Energy, the energy services division of Bursa Malaysia-listed Wasco Berhad, has launched a new fabrication yard in the Jebel Ali Free Zone (JAFZA), Dubai, the United Arab Emirates (UAE). Wasco Energy chief executive officer Shan Karupiah said the new facility, covering 25,000 square metres, boosts Wasco's engineering and fabrication capabilities to support energy and industrial infrastructure projects in the Middle East and beyond. With an annual production capacity of 10,000 tonnes, the yard is equipped to produce process modules, Pre-Assembled Unit/Pre-Assembled Rack (PAU/PAR) units, gas compressor packages, substations and E-Houses for both onshore and offshore use. Shan said the facility, which is located near one of the world's busiest ports, allows Wasco to carry out high-volume modular projects more efficiently and quickly. 'This expansion is not just about scaling capacity; it's about positioning Wasco closer to our clients and the region's dynamic energy ecosystem. With this new UAE facility, we are better equipped to deliver high-quality, customised and modular solutions with speed, precision and engineering depth,' he said in a statement today. He said the UAE yard complements Wasco's existing fabrication hubs in Batam, Indonesia, and Telok Panglima Garang in Selangor, and pipe coating plants in Qatar, Malaysia, the United Kingdom and Tanzania - reinforcing the group's global infrastructure delivery network. Aligned with the UAE's In-Country Value (ICV) programme, the new yard also advances local industrial development by promoting domestic content and strengthening regional supply chains. 'Our expanding global footprint underscores Wasco's commitment to executional excellence. This strategic expansion enhances our ability to service both regional and global projects with tailored engineering solutions that address the complex demands of today's energy landscape,' he added. Wasco also extended its appreciation to DP World GCC chief operating officer (Parks & Zones) Abdulla Al Hashmi, JAFZA Sales vice president Ebtesam Alkaabi and JAFZA Sales director Saoud AlAwadhi for their support in establishing the facility and commitment to long-term collaboration. Wasco Energy, supported by over 600 in-house engineers worldwide, provides complete modular solutions—from Front-end Engineering Design (FEED) to fabrication and final delivery—using its broad technical expertise. The facility is built to international Health, Safety and Environment (HSE) standards, incorporating stringent safety protocols and a strong zero-incident culture, the statement added.
The Sun
40 minutes ago
- The Sun
Wasco Opens New Fabrication Yard in Dubai's JAFZA
KUALA LUMPUR: Wasco Energy, the energy services division of Bursa Malaysia-listed Wasco Berhad, has launched a new fabrication yard in the Jebel Ali Free Zone (JAFZA), Dubai, the United Arab Emirates (UAE). Wasco Energy chief executive officer Shan Karupiah said the new facility, covering 25,000 square metres, boosts Wasco's engineering and fabrication capabilities to support energy and industrial infrastructure projects in the Middle East and beyond. With an annual production capacity of 10,000 tonnes, the yard is equipped to produce process modules, Pre-Assembled Unit/Pre-Assembled Rack (PAU/PAR) units, gas compressor packages, substations and E-Houses for both onshore and offshore use. Shan said the facility, which is located near one of the world's busiest ports, allows Wasco to carry out high-volume modular projects more efficiently and quickly. 'This expansion is not just about scaling capacity; it's about positioning Wasco closer to our clients and the region's dynamic energy ecosystem. With this new UAE facility, we are better equipped to deliver high-quality, customised and modular solutions with speed, precision and engineering depth,' he said in a statement today. He said the UAE yard complements Wasco's existing fabrication hubs in Batam, Indonesia, and Telok Panglima Garang in Selangor, and pipe coating plants in Qatar, Malaysia, the United Kingdom and Tanzania - reinforcing the group's global infrastructure delivery network. Aligned with the UAE's In-Country Value (ICV) programme, the new yard also advances local industrial development by promoting domestic content and strengthening regional supply chains. 'Our expanding global footprint underscores Wasco's commitment to executional excellence. This strategic expansion enhances our ability to service both regional and global projects with tailored engineering solutions that address the complex demands of today's energy landscape,' he added. Wasco also extended its appreciation to DP World GCC chief operating officer (Parks & Zones) Abdulla Al Hashmi, JAFZA Sales vice president Ebtesam Alkaabi and JAFZA Sales director Saoud AlAwadhi for their support in establishing the facility and commitment to long-term collaboration. Wasco Energy, supported by over 600 in-house engineers worldwide, provides complete modular solutions—from Front-end Engineering Design (FEED) to fabrication and final delivery—using its broad technical expertise. The facility is built to international Health, Safety and Environment (HSE) standards, incorporating stringent safety protocols and a strong zero-incident culture, the statement added.
The Star
4 hours ago
- The Star
A1 AKK inks agreement with AmInvestment Bank
From left: AmBank (M) Bhd head of commercial banking, southern region 1, Ng Pix-Xie; AmInvestment Bank Bhd head of corporate finance Jason Lam Chi-Wye; CEO Christopher Ng Kok Wai; AmBank Group business banking managing director Christopher Yap Huey Wen; A1 AK Koh Group non-independent managing director Koh Ah Kuan; CEO Koh Lian Jie; and chief operating officer Koh Chung Jie. KUALA LUMPUR: ACE Market-bound A1 AK Koh Group Bhd (A1 AKK) has entered into an agreement with AmInvestment Bank Bhd to underwrite 50.4 million shares offered to the Malaysian public and those eligible under pink form allocations. The processed food and beverage company is issuing up to 109.2 million new shares and offering for sale up to 109.2 million existing shares, each representing 13% of the company's enlarged number of 840 million issue shares. There will be 50.4 million public issue shares under the retail offering Of this amount, 42 million shares will be made available to the Malaysian public, while the remaining 8.4 million will be allocated to eligible directors, employees and business associates of the company and its subsidiaries. Separately, the 58.8 million new shares under the public issue will be allocated to institutional and selected investors through a private placement exercise. Of the 109.2 million existing shares offered for sale, 105 million shares will be made available for subscription by identified Bumiputera investors approved by the Investment, Trade and Industry Ministry and the remaining 4.2 million shares for subscription by institutional and selected investors, both by way of private placement. 'The listing represents a strategic move to accelerate the group's expansion plans, broaden its distribution networks and market visibility, and allow it to pursue innovation-driven growth initiatives that align with evolving consumer preferences in the competitive food and beverage landscape,' said A1 AKK non-independent managing director Koh Ah Kuan in a statement. AmInvestment Bank is the appointed principal adviser, sponsor, underwriter and placement agent for A1 AKK's listing on the ACE Market.
