Latest news with #NEKMAT
Barnama
5 days ago
- Business
- Barnama
Nekmat Posts Over RM11 Million Profit
KUALA LUMPUR, July 17 (Bernama) -- The National Fishermen's Association (NEKMAT) recorded a profit of over RM11 million in 2024, driven by the successful implementation of various economic projects, including logistics and property development. Agriculture and Food Security Minister Datuk Seri Mohamad Sabu said among the contributing ventures was the opening of a NEKMAT petrol station in Mentakab, Pahang, which boosted the association's overall earnings. He added that NEKMAT has also played a vital role in managing subsidised diesel since 1987, with a monthly quota of 51 million litres distributed efficiently and effectively to fishermen. 'The government deeply appreciates NEKMAT's role in championing the welfare of fishermen. We will continue to work closely with the association and the entire fishing community to ensure their wellbeing is protected, in line with efforts to make the fisheries sector more sustainable,' he said when officiating NEKMAT's 40th Annual General Meeting here today. Meanwhile, NEKMAT chairman Abdul Hamid Bahari said the association's total transactions rose to RM869 million, with a net profit of RM11.38 million, boosting its share capital to RM30.26 million. 'This achievement reflects efficient management and the dedication of NEKMAT's workforce in implementing various economic projects for the benefit of its members and the wider fishing community,' he said. He added that major projects include the supply of subsidised diesel, marketing of fish and fisheries products, ice production, fisheries input supply, fishing operations, as well as logistics and property development. NEKMAT, he said, also plans to expand its business activities by building new petrol stations and ice plants, large-scale aquaculture ventures — particularly shrimp farming — and investing in the property sector. 'These efforts aim to transform NEKMAT into a modern, efficient and sustainable institution,' he said.
The Sun
27-04-2025
- Business
- The Sun
NEKMAT constructs petrol station, residential units in Mentakab
TEMERLOH: The National Fishermen's Association (NEKMAT) is committed to strengthening support infrastructure for the fishing community and fisheries industry in the East Coast through the construction of a PETRON petrol station owned by the association. Malaysian Fisheries Development Authority (LKIM) chairman Muhammad Faiz Fadzil said the project would not only provide fuel supply facilities for nearby residents but also contribute to rural economic development. 'This project will not only support the sustainability of the fisheries sector but also strengthen the national food supply chain and deliver economic benefits to the local community,' he said at the groundbreaking ceremony for NEKMAT's petrol station and NEKMAT's 2025 Hari Raya gathering in Mentakab today. Meanwhile, NEKMAT chairman Abdul Hamid Bahari told reporters that the 1.8-acre (0.73 hectares) petrol station would feature five fuel pumps, two electric vehicle (EV) charging stations, and a fast-food restaurant, with a total development cost of nearly RM7 million. He said the station would also offer NEKMAT's products and fresh fish, particularly from fishermen in Mentakab. Abdul Hamid said NEKMAT's efforts are aimed at diversifying its business activities to stimulate the association's economic growth. 'If this project runs smoothly and without any issues, NEKMAT plans to replicate it nationwide,' he said. In addition to the petrol station, NEKMAT, through its joint venture company Prosper Sunshine Sdn Bhd, is developing a residential project in Lestarry Heights, Mentakab, comprising 432 housing units. Abdul Hamid said Lestarry Heights is a gated and guarded community featuring three types of houses, namely two-storey Garden Homes (139 units), two-storey Superlink Homes (193 units) and two-storey Semi-Detached Homes (100 units). 'This project reflects NEKMAT's commitment to providing better housing facilities while contributing to local socioeconomic development,' he added.
Barnama
27-04-2025
- Business
- Barnama
NEKMAT Constructs Petrol Station, Residential Units In Mentakab
TEMERLOH, April 27 (Bernama) -- The National Fishermen's Association (NEKMAT) is committed to strengthening support infrastructure for the fishing community and fisheries industry in the East Coast through the construction of a PETRON petrol station owned by the association. Malaysian Fisheries Development Authority (LKIM) chairman Muhammad Faiz Fadzil said the project would not only provide fuel supply facilities for nearby residents but also contribute to rural economic development. 'This project will not only support the sustainability of the fisheries sector but also strengthen the national food supply chain and deliver economic benefits to the local community,' he said at the groundbreaking ceremony for NEKMAT's petrol station and NEKMAT's 2025 Hari Raya gathering in Mentakab today.
