Latest news with #RM155
The Sun
3 days ago
- Business
- The Sun
AME Elite delivers higher revenue, net profit in Q4'25
PETALING JAYA: Integrated industrial space solutions provider AME Elite Consortium Bhd saw net profit for the fourth quarter ended March 31, 2025 (Q4'25) rise 40.1% to RM36.5 million, compared to RM26.1 million in the corresponding quarter last year. The improved performance was underpinned by a 36.3% increase in revenue to RM115.6 million, up from RM84.8 million a year ago. The growth was primarily driven by strong contributions across its property development, construction services and property investment and management segments, coupled with higher realised fair value gains on investment properties arising from the sale of two industrial properties to AME REIT. Furthermore, AME Elite recorded new property sales of RM155 million in Q4'25, marking a 42.9% increase from RM108.5 million previously. The robust quarterly sales propelled the full-year new property sales to a record high of RM585.2 million, surpassing the group's RM400 million initial target (subsequently revised to RM550 million due to strong momentum) by a significant margin and representing a 106.3% year-on-year surge. For the full year ended March 31 2025 (FY25), the group recorded revenue of RM608.6 million compared to RM716.9 million in the prior year. Meanwhile, net profit stood at RM92.1 million, remaining broadly in line with the RM93.1 million recorded in the previous year. The group's construction and engineering services revenues both exhibited solid revenue growth during FY25, driven primarily by progress in the stages of completion of ongoing projects. Construction services revenue increased 36.6% to RM203.5 million from RM149 million, while engineering services revenue grew 13.5% to RM91.3 million from RM80.5 million. Revenue generated from property investment and management services increased by 13%, reaching RM73.4 million from RM65 million previously, supported by additional factory units leased to tenants and higher rental income from workers' dormitories. Conversely, revenue from the property development segment fell by 43.1%, from RM422.5 million to RM240.37 million, mainly due to earlier stages of work progress and the timing of income recognition. AME Elite declared an interim single-tier dividend of 3 sen per share for FY25. The ex-dividend date is June 19, with payment scheduled on July 4. In addition to an earlier paid dividend of 3 sen per share, the total dividend payout for FY25 amounts to 6 sen per share, equivalent to RM38.3 million. This represents a 40.2% dividend payout ratio of the annual net profit attributable to shareholders, excluding unrealised fair value gains. Executive director and group CEO Dylan Tan Teck Eng said: 'FY 2025 marked a transformative period for AME Elite, strengthening our position as a national player in Malaysia's industrial space sector. We expanded our geographical footprint beyond Johor with the successful inauguration of Northern TechValley@BKE in Penang, complemented by a pivotal partnership – our joint venture with KLK Land for a premier industrial park in Selangor. 'Our robust operational and financial outcomes were directly underpinned by resilient foreign and domestic direct investment inflows and a heightened market demand for premium, integrated industrial spaces. While remaining cognisant of global economic shifts, including evolving tariff policies, our diversified presence and comprehensive solutions position us to capitalise on emerging opportunities.'
Malaysian Reserve
7 days ago
- Business
- Malaysian Reserve
Bina Puri unit faces RM155,000 winding-up petition
BINA Puri Holdings Bhd (BPHB) said that its wholly owned subsidiary, Bina Puri Properties Sdn Bhd (BPPSB), has become aware of a winding-up petition filed by Peragash Subramaniam over an alleged debt of RM155,075.51. The petition, dated May 20, 2025, has not yet been officially served on BPPSB or the company, and BPHB only learned of it through a newspaper advertisement in a local English daily. BPPSB is seeking legal advice and plans to oppose the petition. The subsidiary is not classified as a major unit under Bursa Malaysia's listing requirements, and BPHB stated there will be no immediate financial or operational impact on the group. The hearing is scheduled for June 19, 2025. — TMR
Barnama
19-05-2025
- Business
- Barnama
Top News Headlines In Indonesia, Laos, Myanmar, Singapore, Thailand & Vietnam: May 19
IN BANGKOK TO BOLSTER TIES AHEAD OF ASEAN SUMMIT -- THE JAKARTA POST The Indonesian Chamber of Commerce and Industry (Kadin) has suspended three of its members following allegations of intimidation and extortion against a Chinese engineering firm involved in a major national project in Cilegon, Banten. President Prabowo Subianto begins his visit in Bangkok on Monday, as he reconvenes with Thailand's leaders to strengthen bilateral ties ahead of his first ASEAN Summit in Malaysia and amid regional concerns over the ongoing tariff war started by the United States. LAOS MEDICAL AID TO SUPPORT LAO HEALTHCARE -- VIENTIANE TIMES The China-Asia Economic Development Association and Asia Economic Development have provided medical supplies and vaccines to the Lao government. The RM6 million (CNY10 million) worth of medical aid is to support the treatment and prevention of diseases. PRABANG EYEING TOURISM AWARD -- VIENTIANE TIMES UNESCO World Heritage Site Luang Prabang is aiming for the Tourism Destination Award from the Green Destination Organisation. Luang Prabang aims to elevate its profile as a culturally rich tourist destination in the world with the international certification. MYANMAR FDI WORTH RM155 MILLION APPROVED -- THE GLOBAL NEW LIGHT OF MYANMAR The government approved three new foreign direct investments (FDI) valued at RM155 million (US$35.778 million) on May 16. The investments were in the manufacturing of solar panels, installation of power cables, production of instant foods and the garment sector. OPENBILL STORKS ARRIVE IN MOEYUNGYI WETLAND -- THE GLOBAL NEW LIGHT OF MYANMAR About 500 critically endangered migratory Asian openbill storks were spotted at the Moeyungyi Wetland Sanctuary in Bago Region. Moeyungyi has become a major habitat during the rainy season and the birds arrive in search of food. SINGAPORE 1.'YOU ARE SO SPECIAL TO ME': LADY GAGA RETURNS IN SPECTACULAR FASHION, WITH SINGAPORE FLAG IN TOW -- THE STRAITS TIMES American pop star Lady Gaga played a dazzling, sold-out set at the National Stadium on May 18, the first night of her four gigs in Singapore, her only stops in Asia. US PRESIDENT JOE BIDEN DIAGNOSED WITH 'AGGRESSIVE' PROSTATE CANCER -- CNA/AGENCIES Former US President Joe Biden has been diagnosed with an "aggressive form" of prostate cancer that has spread to his bones, his office said in a statement on Sunday (May 18). THAILAND 1. THAI, CAMBODIAN TROOPS HOLD TALKS OVER BORDER PATROL DISPUTE -- THE NATION The Suranaree Task Force engaged Cambodian troops over border patrol amid recent territorial concerns, Lt Gen Boonsin Padklang, Commander of the 2nd Army Region, said on Saturday. 2. DEPARTMENT TO AMEND TAX ON FOREIGN INCOME REMITTANCE -- BANGKOK POST The Revenue Department is preparing to draft legislation to amend the collection of tax on foreign income remitted to Thailand. VIETNAM ASSURED CUBA OF ITS INVESTMENTS -- VIETNAMPLUS Vietnam and Cuba have pledged to diversify their economic partnership to bolster their 25-year-old strong bilateral relations. Vietnam will continue its operations in the Mariel Special Development Zone, which drives Cuba's economic growth. OF DA NANG TO DEVELOP FINANCIAL TALENTS -- VIETNAMPLUS The University of Da Nang will help to develop human capital to support the government's ambition to transform Da Nang into a financial hub. The planned Vietnam International Financial Centre in the central city is expected to attract quality investments. -- BERNAMA BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies. Follow us on social media : Facebook : @bernamaofficial, @bernamatv, @bernamaradio Twitter : @ @BernamaTV, @bernamaradio Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial TikTok : @bernamaofficial
New Straits Times
09-05-2025
- Health
- New Straits Times
Ipoh High Court awards couple RM155k in hospital negligence case
KUALA LUMPUR: The Ipoh High Court awarded RM155,000 in damages to a public hospital staff member and her husband after ruling that the hospital failed to conduct a mandatory risk assessment during her pregnancy, which led to a miscarriage in 2018. Judicial commissioner Moses Susayan ruled in favour of Ahmad Azib Ahmad and his wife, Intan Shahrazad Azri, stating that the hospital administration's failure to implement a safe system of work for pregnant staff had directly contributed to the loss of the couple's unborn child. Free Malaysia Today reported that the couple established their claim on a balance of probabilities. Delivering the judgment online, Susayan said that employers are required to carry out a risk assessment to evaluate whether an employee can safely continue her duties upon becoming pregnant. He noted that this responsibility was not fulfilled. "They failed to do so, and instead shifted the burden onto her to produce a written request," he was quoted as saying. The court also awarded RM40,000 in costs to the plaintiffs. The suit, filed in 2021, was against the government and the administrators of Teluk Intan District Hospital for violations of Sections 15 and 16 of the Occupational Safety and Health Act (OSHA), as well as for common law negligence. Section 15 of OSHA, which applies to both public and private sector employers, states that they must provide a safe working environment for their employees. Section 16 requires employers to formulate suitable occupational safety and health policies at the workplace. According to their statement of claim, Intan said she had undergone an "overburdened workload" during her second pregnancy in late 2018, as the hospital administrators failed to provide her with a co-worker. She stated that she had informed her superiors, but they only asked her to submit a doctor's letter stating that she could only do light duties. Lawyer PA Sharon represented the couple, while senior federal counsel Norazlinawati Arshad and federal counsel Siti Hanida Abdul Kadir acted for the government.
