Latest news with #RM13.7
The Sun
27-05-2025
- Business
- The Sun
AutoCount achieves profit of RM13.65m in Q1 FY25 as phase 3 of e-Invoicing approaches
KUALA LUMPUR: Autocount Dotcom Bhd, a developer and distributor of financial management software, recorded a net profit of RM13.65 million for the first quarter (Q1) ended March 31, 2025 (FY25), surging 235.4% year-on-year from RM4.07 million previously, underscoring the strong demand for its e-invoicing solutions. The profitability was supported by the group's quarterly revenue of RM25.55 million, reflecting an increase of 86.9% compared to RM13.7 million in the same quarter last year. This performance was primarily driven by increased adoption of AutoCount's e-invoicing module, aligning with the government's ongoing efforts toward digitalisation and compliance. AutoCount also reported a strong operating cash flow of RM17.32 million in the quarter, demonstrating the group's financial resilience and solid capability to fund ongoing growth initiatives. Net profit margin improved significantly to 53.4%, benefiting from a favourable cost structure that includes largely fixed expenses such as staff-related costs, which do not increase proportionally with revenue, enhancing the operating leverage as revenue expands. Managing director YT Choo said the company's record performance in Q1 FY25 highlights its strategic success in capitalising on the growing e-invoicing market. 'Our scalable cost structure has enabled us to effectively convert increased revenues into higher profitability, and our strong cash flow positions us well to sustain this growth trajectory,' he said. AutoCount remains optimistic about future performance driven by the forthcoming implementation phases of Malaysia's e-invoicing mandate. Phase 3, affecting businesses with annual revenues between RM500,000 and RM25 million, will begin on July 1, 2025, followed by Phase 4 on January 1, 2026, which covers businesses with annual revenues between RM150,000 and RM500,000. Additionally, the recently introduced AutoCount OneSales PalmPOS, a mobile POS solution designed specifically for micro-SMEs, is expected to further enhance growth opportunities by helping small businesses adopt digital financial practices seamlessly. 'With a clear market demand, robust solutions, and supportive regulatory frameworks, we anticipate continued strong double-digit growth in both our top and bottom lines for FY2025,' Choo said. 'Our unwavering commitment to innovation and supporting businesses through their digital transformation ensures our continued market leadership.'
New Straits Times
27-05-2025
- Business
- New Straits Times
Al-Salām REIT Q1 NPI rises 8.8pct on strong retail segment performance
KUALA KUMPUR: Al-Salām Real Estate Investment Trust's (REIT) net property income (NPI) rose 8.8 per cent in the first quarter (Q1) ended March 31, 2025, to RM14.9 million from RM13.7 million a year ago. For the quarter under review, Al-Salām REIT's revenue rose 7.5 per cent to RM21.4 million compared to RM19.9 million in the same period last year. "Growth in revenue and NPI was primarily driven by the higher rentals from KOMTAR JBCC, reflecting Al-Salām REIT's strategic focus on optimising asset performance," it said in a statement. According to Al-Salām REIT, its retail mall segment contributed strongly to revenue growth, delivering a revenue of RM12.4 million in Q1 2025 from RM10.9 million in Q1 2024. It said NPI from the retail segment also grew 21.7 per cent year-on-year, from RM6.0 million in Q1 2024 to RM7.3 million in Q1 2025. "The strong performance was primarily attributed to KOMTAR JBCC's improvements in rental income and promotional income, following the reconfiguration of the al-fresco dining zone on the Ground Floor with several F&B tenant openings. "Other assets in the retail portfolio, i.e., @Mart Kempas and Mydin Hypermart Gong Badak, continue to demonstrate resilience as community-focused hypermarkets, providing essential daily provisions," it said. Its chief executive officer, Zulhilmy Kamaruddin, said the first quarter results showed overall improvement, especially in the retail segment, underpinned by KOMTAR JBCC's stronger performance. Zulhilmy said the company expects KOMTAR JBCC to benefit from strong traffic flows once the JB-Singapore RTS Link is completed. "We are committed to revitalising KOMTAR JBCC through AEIs, which include reconfiguration of existing spaces to improve tenant take-up rate and occupancy. "This has garnered strong interest from mini-anchors, which we expect to translate into sign-ups by the end of 2025," he said. Moving forward, Zulhimy said Al-Salām REIT remains focused on delivering sustainable, long-term returns to its unitholders. He said the company is actively managing its capital to address its gearing levels and conducting active portfolio review and optimisation. "With ongoing efforts to drive rental growth and occupancy, we are well-positioned to capitalise on emerging opportunities in the retail and commercial sectors in Johor Bahru," he added.
Barnama
26-05-2025
- Business
- Barnama
KPS Berhad Delivers Steady Revenue Growth; 1Q25 Profitability Reflects Operational Resilience
SHAH ALAM, Malaysia, May 26 (Bernama) -- Kumpulan Perangsang Selangor Berhad ('KPS Berhad' or 'the Group') (KPS, Bursa: 5843; Bloomberg: KUPS:MK; Reuters: today announced its financial results for the first quarter ended 31 March 2025 ('1Q25'), reflecting a resilient operational performance amidst a challenging operating environment, posting a higher revenue of RM243.5 million. The operating profit almost doubled to RM13.7 million, supported by stronger contributions from its manufacturing business. The Group registered a profit after tax and zakat ('PAT') of RM8.2 million, a turnaround from a loss position in the corresponding quarter in the previous year. HIGHLIGHTS FOR THE QUARTER ENDED 31 MARCH 2025 Characterised by slower demand recovery and elevated input costs, the operating environment remained complex, with shifts in the US trade policies continuing to render the global economic activities languid and consumer sentiment dampened. For the Group, however, it was selectively opportunistic: Strong orders from new projects in consumer electronics and medical divisions had furthered growth at Toyoplas Manufacturing (Malaysia) Sdn Bhd ('Toyoplas') and MDS Advance Sdn Bhd ('MDS Advance'), respectively. On the contrary, Century Bond Bhd ('CBB') faced lower offtake, demand volatility, and further price competition.
New Straits Times
16-05-2025
- Business
- New Straits Times
Oasis Home's 150mil IPO shares oversubscribed by 1.55 times
KUALA LUMPUR: Oasis Home Holding Bhd's initial public offering (IPO) has been oversubscribed by 1.55 times ahead of its listing on the ACE Market of Bursa Malaysia on May 28. Its IPO comprises of 150 million shares, including a public issue of 100 million new shares at 28 sen each. This represents 20 per cent of the enlarged issued shares, with about RM28 million expected to be raised. Upon listing, the company will have a market capitalisation of around RM140 million. Some 25 million out of the 100 million issue shares are allocated to the public, in which the company received a total of 2,216 applications for 38.7 million issue shares with a value of about RM10.83 million, representing an overall oversubscription rate of 1.55 times. Meanwhile, the 10 million issue shares made available for application by the eligible directors and employees have been fully subscribed. The IPO also included an offer for sale of 50 million existing shares, representing 10 per cent of the enlarged issued share capital, made available through a private placement to selected investors. Of the private placement, 2.5 million issue shares and 50 million offer shares designated for selected investors have been fully placed out. The 62.5 million issue shares reserved for Bumiputera investors approved by Investment, Trade and Industry Ministry have been fully placed out after applying the relevant clawback and reallocation provisions as set out in Section 4.3.4 of the company's prospectus dated April 25. Oasis Home is involved in the marketing and selling of consumer lifestyle products under both its in-house and third-party brands. By adopting an omni-channel marketing approach, the company utilises both online and offline sales channels to ensure a seamless and accessible retail journey for customers, strengthening its position across a wide spectrum of consumer touchpoints. Oasis Home offers a wide range of products, with about 5,228 stock keeping units. Chief executive officer Datuk Teoh Yee Seang said the continued growth of the retail and live commerce industries makes this an ideal time for the company to capitalise on favourable market conditions. He said the optimistic outlook was based on market research projecting that Southeast Asia's live commerce market will grow at a two-year compounded annual growth rate (CAGR) of 42.5 per cent, reaching US$76.6 billion in 2027 from US$37.7 billion in 2025. "To position ourselves leverage this favourable outlook, a significant portion of our IPO proceeds will be dedicated to expanding our operations, particularly scaling up our live commerce channels and enhancing our operational infrastructure," he said in a statement. Teoh said Oasis Home plans to allocate RM13.7 million or 48.93 per cent of the proceeds raised to expand live commerce sales channels, including launching at least five new live commerce channels and expanding the team. He added that a total of RM3.6 million or 12.86 per cent of the proceeds will be utilised in establishing fulfilment centre, while RM2 million or 7.14 per cent of the amount will be set aside for setting up new headquarter. MIDF Amanah Investment Bank Bhd is the principal adviser, sponsor, underwriter and placement agent for the IPO.
Free Malaysia Today
03-05-2025
- Business
- Free Malaysia Today
Solve gas row with sincerity, not confrontation, says Shahril
Shahril Hamdan said not resolving the tensions between Petronas and Petros may result in a lose-lose scenario. PETALING JAYA : Former Umno leader Shahril Hamdan has urged Petronas and its Sarawak counterpart Petros to resolve their dispute over gas distribution with sincerity in their commercial discussions. He urged them to have direct discussions, to avoid dragging the federal and state governments into a fight that could otherwise be settled across the table. 'Petronas and Petros must talk first. There's no need to escalate things unless absolutely necessary. A win-win outcome is still possible,' Shahril said in the Keluar Sekejap podcast with Khairy Jamaluddin. Failure to resolve the tensions may result in a lose-lose scenario, affecting investors and the country's image as a stable oil and gas player. Amid the tussle between Petronas and Petros, the US energy giant ConocoPhillips is reported to have pulled out of a RM13.7 billion deepwater oil project off Sarawak. The legal uncertainties between Petronas and Petros contributed to the decision, according to analysts, while ConocoPhillips blamed weak oil prices. Sarawak claims authority over gas distribution under its Distribution of Gas Ordinance 2016, while Petronas maintains its position under the federal Petroleum Development Act 1974. Shahril said the two laws 'can be read harmoniously' if both sides act in good faith. Khairy said the situation reflects broader issues of federal-state relations and warned that prolonged disputes could bring down investor confidence and disrupt national energy policy. The federal government previously said Petronas and Sarawak had reached an understanding to allow both legal frameworks to coexist.
