Latest news with #JAG
Focus Malaysia
3 hours ago
- Business
- Focus Malaysia
JAG not deterred by plunging into the red, views its 1Q FY2025 setback as 'temporary, one-off impact'
A SLOWDOWN in demand from international clients following uncertainty surrounding the US tariff policy announced in early April has taken a toll on JAG Bhd's financial performance for its 1Q FY2025 ended March 31, 2025. For the quarter under review, the ACE Market-listed total waste management company incurred a net loss of -RM6.43 mil from a net profit of RM3.01 mil in the same period last year. Its revenue dwindled 12% year-on-year (yoy) to RM46.47 mil (1Q FY2024: RM52.75 mil). Amid the lack of clarity, customers took a more cautious approach to procurement which resulted in delayed orders during the period, according to JAG's executive director Datuk Ng Meow Giak. Nevertheless, the group views this as a temporary, one-off impact given market sentiment is already showing signs of stabilisation with semiconductor clients resuming typical procurement patterns. 'While 1Q FY2025 was impacted by external headwinds, we remain confident in our ability to deliver a strong rebound,' opined Ng. 'Management guidance for FY2025 remains strong and intact, and we expect the remaining quarters of the year to return to profitability. 'The long-term outlook for the industries we serve, particularly semiconductors and electronics, remain robust. We are focused on building the operational resilience and business agility needed to fully capitalise on these opportunities.' As it is, JAG's Total Waste Management (TWM) segment has continued to show strength and agility. 'We are broadening our revenue streams within TWM, including entry into the oil & gas (O&G) space and tapping into specialised services such as the disposal of scheduled waste, an area that requires licensed handling and technical expertise,' projected Ng. The TWM segment remains the group's primary growth engine. In addition to streamlining operations and refocusing on high-value activities, JAG is enhancing productivity through processing efficiencies, expansion of service scope and diversification into industries with long-term potential. 'As we enter this next phase of growth, we are also taking steps to enhance shareholder value,' envisages Ng. 'Given the strong fundamentals of our core business and the growth trajectory ahead, we are in the process of formalising a dividend policy. This reflects our confidence in the group's performance outlook and our commitment to delivering long-term value to our shareholders.' At the close of today's (June 4) market trading, JAG was up 1 sen or 4.44% to 23.5 sen with 3.17 million shares traded, thus valuing the company at RM 177 mil. – June 4, 2025
CBS News
2 days ago
- Business
- CBS News
Cocaine worth about $125,000 confiscated in Metro Detroit narcotics investigation
Steel tariffs jump up; Santa Ono loses bid for University of Florida job; and more top stories Steel tariffs jump up; Santa Ono loses bid for University of Florida job; and more top stories Steel tariffs jump up; Santa Ono loses bid for University of Florida job; and more top stories Detectives seized 5 kilograms of cocaine and a firearm after the Metro Narcotics Enforcement Team executed search warrants in Detroit and nearby Redford. The street value of the drugs confiscated is about $125,000, according to the report from Michigan State Police. The search warrants, served Tuesday, also resulted in detectives recovering over $4,000 and a Chevrolet SUV with intent to forfeit. The suspect is a convicted felon, police said. MNET was assisted by Michigan State Police 2nd District Headquarters, the Metro South Post, and Downriver SWAT. This investigation was supported by the Edward Byrne Memorial Justice Assistance (JAG) grant program, which is awarded by the Bureau of Justice Assistance, Office of Justice Programs and U.S. Department of Justice; then administered by the Michigan State Police.
The Sun
30-05-2025
- Business
- The Sun
JAG Bhd confident of FY25 rebound with strong fundamentals, sector outlook
SHAH ALAM: JAG Bhd, a leading total waste management company, recorded a loss after tax of RM6.4 million for the first quarter (Q1) ended March 31, 2025 (FY25) compared with a profit after tax of RM3 million registered in the same period last year. Revenue stood at RM46.5 million compared with RM52.7 million a year ago. The contraction was primarily driven by a slowdown in demand from international clients, following uncertainty surrounding the US tariff policy announced in early April. Amid the lack of clarity, customers took a more cautious approach to procurement, resulting in delayed orders during the period. Nevertheless, the group views this as a temporary, one-off impact. Market sentiment is already showing signs of stabilisation, with semiconductor clients resuming typical procurement patterns. Operational fundamentals remain strong, and the Group expects performance to improve in the coming quarters as business activity normalises. Executive director Datuk Ng Meow Giak said while external headwinds impacted Q1 FY25, the company remains confident in its ability to deliver a strong rebound. 'Management guidance for FY25 remains strong and intact, and we expect the remaining quarters of the year to return to profitability. 'The long-term outlook for the industries we serve, particularly semiconductors and electronics, remains robust. 'We are focused on building the operational resilience and business agility needed to capitalise on these opportunities fully,' he said. Ng said the company's total waste management (TWM) segment continues to show strength and agility. 'We are broadening our revenue streams within TWM, including entry into the oil & gas space and tapping into specialised services such as the disposal of scheduled waste, an area that requires licensed handling and technical expertise. 'In Q1 FY25, we recorded a 25% quarter-on-quarter increase in the processing of these materials, signalling serious growth potential in this space. 'This presents a valuable opportunity to strengthen our market position and long-term profitability further,' he said. Ng said the global tariffs are beyond control, but what is within control is how JAG build and future-proof the business. 'That is why we are aggressively driving new opportunities in industrial waste recovery, securing strategic contracts, and exploring untapped markets. Commodity trends also buoy us. 'Gold and silver prices have been on an uptrend, and copper has remained stable. Coupled with our healthy inventory, which can support operations for the next six months, we are well-positioned to benefit from evolving market dynamics,' Ng said. He said the TWM segment remains the group's primary growth engine. In addition to streamlining operations and refocusing on high-value activities, JAG is enhancing productivity through processing efficiencies, expansion of service scope, and diversification into industries with long-term potential. 'As we enter this next phase of growth, we are also taking steps to enhance shareholder value. 'Given the strong fundamentals of our core business and the growth trajectory ahead, we are in the process of formalising a dividend policy. 'This reflects our confidence in the group's performance outlook and our commitment to delivering long-term value to our shareholders,' Ng said.
Yahoo
27-05-2025
- Business
- Yahoo
JAG Management Company Adds Newest Raleigh Luxury Community to Portfolio
24-acre Raleigh Multifamily Delivery, Taryn at 401, Starts Leasing RALEIGH, N.C., May 27, 2025--(BUSINESS WIRE)--JAG Management Company continues its portfolio growth in North Carolina with Taryn at 401 in Raleigh, a recently delivered development by Virginia Beach-based RST Development. Taryn at 401 is a 251-unit luxury community set on 24 acres. It is comprised of a mid-rise building, three garden-style buildings, and a clubhouse. Located at 310 Taryn Avenue, residents have direct access to Route 401 straight into Downtown Raleigh. This is the fifth RST Development asset in North Carolina to be operated by JAG Management Company, which also manages three other RST communities in Maryland and Florida. JAG Management Company is an affiliate of Jefferson Apartment Group (JAG). "JAG Management Company values our ongoing relationship with RST Development, and we're excited to execute our first lease-up with them," said Patty Holt, President of JAG Management Company. "Taryn at 401 is a beautifully designed, amenity-rich community, and we look forward to setting the tone for its long-term success." Residents of Taryn at 401 will enjoy a leading-edge fitness center with CrossFit and yoga studios, game room with billiards, a library with fireplace, lounge with entertainment kitchen, co-working space with focus rooms, and a pet spa with grooming stations. Outdoor amenities feature a resort-inspired pool with a sun-shelf and immersed chaises, multiple lounge areas with hammocks and firepits, a courtyard with ample green space and gardens, a private walking trail, and a dog park. The apartments are a mix of 1-, 2-, and 3-bedrooms featuring stainless steel appliances, granite countertops, high-end fixtures and finishes, oversized picture windows, ceiling fans, large patios and balconies, and in-unit washers and dryers. "Getting things right out of the gate is important, especially with a new development," said Scott Copeland, President of RST Development. "With JAG Management Company at the helm, we're confident in their ability to perform a seamless lease-up that seeds strong business results now and in the future." About JAG Management Company JAG Management Company provides professional property management services for both Jefferson Apartment Group (JAG)-owned assets, as well as third-party owned communities on the East Coast. Headquartered in McLean, Virginia, in the Washington Metropolitan Area, JAG also has regional offices in Boston, Philadelphia, Charlotte, and Orlando. The firm is committed to providing top-tier customer care for their residents and managing multifamily and mixed-use communities for long-term success. JAG Management Company's guiding principles are management by fact, integrity, respect for people, and continuous improvement. Learn more at View source version on Contacts Tammy MurphyTMC Communications & PR301-785-7669tammy@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
27-05-2025
- Business
- Business Wire
JAG Management Company Adds Newest Raleigh Luxury Community to Portfolio
RALEIGH, N.C.--(BUSINESS WIRE)-- JAG Management Company continues its portfolio growth in North Carolina with Taryn at 401 in Raleigh, a recently delivered development by Virginia Beach-based RST Development. JAG Management Company values our ongoing relationship with RST Development, and we're excited to execute our first lease-up with them. Share Taryn at 401 is a 251-unit luxury community set on 24 acres. It is comprised of a mid-rise building, three garden-style buildings, and a clubhouse. Located at 310 Taryn Avenue, residents have direct access to Route 401 straight into Downtown Raleigh. This is the fifth RST Development asset in North Carolina to be operated by JAG Management Company, which also manages three other RST communities in Maryland and Florida. JAG Management Company is an affiliate of Jefferson Apartment Group (JAG). 'JAG Management Company values our ongoing relationship with RST Development, and we're excited to execute our first lease-up with them,' said Patty Holt, President of JAG Management Company. 'Taryn at 401 is a beautifully designed, amenity-rich community, and we look forward to setting the tone for its long-term success.' Residents of Taryn at 401 will enjoy a leading-edge fitness center with CrossFit and yoga studios, game room with billiards, a library with fireplace, lounge with entertainment kitchen, co-working space with focus rooms, and a pet spa with grooming stations. Outdoor amenities feature a resort-inspired pool with a sun-shelf and immersed chaises, multiple lounge areas with hammocks and firepits, a courtyard with ample green space and gardens, a private walking trail, and a dog park. The apartments are a mix of 1-, 2-, and 3-bedrooms featuring stainless steel appliances, granite countertops, high-end fixtures and finishes, oversized picture windows, ceiling fans, large patios and balconies, and in-unit washers and dryers. 'Getting things right out of the gate is important, especially with a new development,' said Scott Copeland, President of RST Development. 'With JAG Management Company at the helm, we're confident in their ability to perform a seamless lease-up that seeds strong business results now and in the future.' About JAG Management Company JAG Management Company provides professional property management services for both Jefferson Apartment Group (JAG)-owned assets, as well as third-party owned communities on the East Coast. Headquartered in McLean, Virginia, in the Washington Metropolitan Area, JAG also has regional offices in Boston, Philadelphia, Charlotte, and Orlando. The firm is committed to providing top-tier customer care for their residents and managing multifamily and mixed-use communities for long-term success. JAG Management Company's guiding principles are management by fact, integrity, respect for people, and continuous improvement. Learn more at
