Latest news with #RM1.9mil
The Star
a day ago
- Business
- The Star
UMedic expects rising demand for healthcare
UMediC said the government's continued focus on improving healthcare standards supports its ambitions to expand. PETALING JAYA: UMediC Group Bhd is optimistic about its growth outlook, backed by strategic initiatives and sustained demand in the healthcare sector, including facility upgrades, medical tourism, and efforts to ease overcrowding. In a filing with Bursa Malaysia, UMediC said the government's continued focus on improving healthcare standards supports its ambitions to expand. 'Given the Malaysian government's sustained commitment towards advancing the nation's healthcare standards, UMediC remains optimistic about its future growth trajectory,' the group said. The group posted a 20.3% rise in net profit to RM1.9mil for its third quarter ended April 30, (3Q25), from RM1.58mil a year earlier, despite a marginal revenue dip of 0.43% to RM11.64mil due to unfavourable forex movements. For the cumulative nine-month period (9M25), revenue fell 8.6% year-on-year to RM36.27mil while net profit slipped 5.2% to RM5.64mil.
The Star
27-05-2025
- Business
- The Star
Star Media Group posts revenue of RM59.4mil
PETALING JAYA: Star Media Group Bhd (SMG) recorded revenue of RM59.4mil in the first quarter of financial year ended March 31, 2025 (1Q25), an increase of 12% compared to the same period a year ago. The company recorded pre-tax profit of RM0.7mil compared to a loss of RM0.2 mil in 2024, attributed to the better performance from both the radio broadcasting and property development and investment segments. Revenue for the radio broadcasting segment grew by 21% to RM8.8mil in 1Q25, resulting in significantly higher pre-tax profit of RM1.9mil compared to RM0.6mil in the same period last year. This growth was supported by increased revenue from commercial airtime, sponsorships, and digital platforms, benefiting from festive season demand, the media group said in a filing with Bursa Malaysia. As for its property development and investment, revenue saw a 237% growth to RM16.5mil as compared to RM4.9mil recorded in 1Q24. This strong performance, driven by higher progress billings from the Star Business Hub project and increased property leasing income, resulted in a significant rise in pre-tax profit to RM7.6mil, up from RM1.3mil recorded in the same period one year ago. Coming to the print, digital and events segment, revenue decreased 17% to RM35.4mil. This decline was primarily driven by lower advertising income amidst a more challenging economic climate influenced by potential US tariffs and ongoing geopolitical tensions. The segment recorded a pre-tax loss of RM3.5mil versus a RM1.6mil profit in the same period last year. Touching on prospects, SMG said economic disruptions stemming from geopolitical tensions and the escalating trade war will continue to present a challenging outlook for the media industry in 2025. 'These factors are expected to impede economic recovery and increase cost-of-living pressures, thus hindering the industry's ability to rebound. Despite these headwinds and continued disruptive trends, the group remains confident in its resilience and adaptability.' The group said the management remains optimistic that the property development and investment segment will continue to contribute positively to the group's overall performance in 2025. Leveraging on a strong financial foundation, SMG added that it will "actively pursue opportunities for revenue diversification and sustainable profitability growth".
The Star
09-05-2025
- Business
- The Star
Mixed views on revised KL plan
Members of the public perusing the revised KLLP2040. SEVERAL key recommendations by stakeholders remain unaddressed in the revised draft Kuala Lumpur Local Plan 2040 (KLLP2040), says Save Kuala Lumpur (SKL) coalition group. Its chairman Datuk M. Ali said Kuala Lumpur City Hall (DBKL) had acknowledged some suggestions by ratepayers, including the plot ratios for green lungs and public halls. However, he said, concerns remained over questionable and ambiguous categorisation of open spaces. 'Yes, they have made some adjustments to the plot ratios, but the larger concern is how easily public open spaces are being reclassified for private use. 'It feels like they are legitimising commercial development at the expense of green lungs. 'For instance, a Public Open Space (OS1) in Jalan Damansara has been reclassified to Private Open Space (OS3), effectively allowing a hotel's development. 'Similarly, in Jalan Maarof (Bangsar), a five-storey commercial building is now being legitimised despite standing amid predominantly low-rise residential structures,'' he said. Photo at left: Kok (left) and her staff talking to DBKL staff on issues related to the plan. Ali also voiced discontent over changes in Taman Tun Dr Ismail (TTDI), where land for a public hall was being rezoned for commercial purposes. 'We requested it be reinstated as institutional (use for public facility). 'If one request (to rezone) is allowed, everyone will start asking for it,' he said. Ali was among many Kuala Lumpur residents who attended a three-day public inspection of the KL Local Plan, which ended yesterday. The display of the plan at Menara DBKL was scheduled for 9.30am to 4.30pm, with a two-hour lunch break from 12.30pm to 2.30pm each day. However, some participants claimed they were not aware that there would be a two-hour lunch break each day. DBKL is planning to launch KLLP2040 this month. When met at Menara DBKL, Seputeh MP Teresa Kok told StarMetro that many areas in her constituency and across the city had been earmarked for redevelopment. She also voiced her frustration on learning that the police reserve land in Taman Desa had changed hands, with plans for a condominium. She claimed that the 0.32ha plot was sold for RM1.9mil, a fraction of its RM14mil market value. 'It is shocking. The government is selling prime land in KL at such bargain prices,' Kok said, adding that these deals needed to be reviewed. Happy Garden Residents Association secretary Evelyn Lau said that out of 20 pages of suggestions that they had submitted, only two were partially considered. She said Jalan Kelang Lama was extremely congested, with cars clogging the roads and developments consuming valuable infrastructure. She urged DBKL to take a closer look at the neighbourhood and prioritise sustainable development. Meanwhile, business owner Allen Lim was happy to find out that premises on Jalan Abdullah, Lorong Abdullah and Lengkok Abdullah in Bangsar would be retained for commercial use. The former houses-turned-businesses were categorised as residential in the initial KLLP2040. This, Lim said, would have disrupted businesses in the area.
