Latest news with #RM155.5
BusinessToday
30-07-2025
- Business
- BusinessToday
Bursa's 1HFY25 PAT Declines 19% To RM125 Million, Declares 14 sen Dividend
Bursa Malaysia Berhad posted a Profit After Tax, Zakat and Minority Interest of RM125.5 million for the first half ended 30 June 2025. This represents a decrease of 19.3% from RM155.5 million reported for the first half ended 30 June 2024. The Exchange said the lower PATAMI was primarily attributed to 8.1% decrease in operating revenue, to RM344.3 million in 1H2025 from RM374.5 million in 1H2024 Revenue for the second quarter was also down to RM172 million from RM199 million in the preceding year's quarter, and profit after tax declined to RM57 million from RM80 million in 2QFY24. Concurrently, Bursa saw its total operating expenses increase by 6.6% to RM189.3 million in 1H2025, against RM177.6 million in 1H2024, primarily due to higher staff costs and technology-related expenses to support product expansion across asset classes, and capacity building, as well as an increase in administrative and building management expenses. As for the Derivatives Market, the trading revenue saw a notable increase of 8.1% to RM56.1 million in 1H2025 from RM51.9 million in 1H2024, mainly due to higher Average Daily Contracts ('ADC') traded for Crude Palm Oil Futures ('FCPO'). In line with the strategy to grow the derivatives business, the Exchange relaunched Single Stock Futures in 1H2025 with enhanced specifications to broaden its investor base and boost trading the Islamic Market front, operating revenue recorded a 23.0% increase to RM11.0 million in 1H2025 from RM9.0 million in 1H2024, mainly driven by higher Bursa Suq Al-Sila' ('BSAS') trading revenue of RM9.6 million in 1H2025 from RM8.3 million in 1H2024. Trading revenue from Bursa Gold Dinar doubled, to RM1.4 million in 1H2025 from RM0.7 million in 1H2024. Meanwhile, operating revenue from the Data Business segment increased by 6.4% to RM40.5 million in 1H2025 from RM38.0 million in 1H2024, as a result of licensing subscriptions expansion, driven by rising demand for high-quality, actionable data across financial and sustainability domains. Commenting on the market outlook, Bursa CEO Dato' Fad'l Mohamed said, 'Malaysia's capital market remains resilient, supported by strong economic fundamentals, accommodative monetary policies, and clear government policies, which are unlocking growth opportunities in strategic industries.' The Board of Directors has declared an interim dividend of 14.0 sen per share for the financial year ending 31 December 2025. This amounts to RM113.3 million, corresponding to a dividend payout ratio of 90.3%. Related
Malay Mail
30-07-2025
- Sport
- Malay Mail
Goalkeeper Trafford returns to Man City from Burnley in £27.5m buy-back deal
LONDON, July 30 — Goalkeeper James Trafford has signed a deal to return to Manchester City from Burnley, the Premier League giants announced on Tuesday. Man City activated a £27.5 million (RM155.5 million) buy-back clause for the 22-year-old England youth international, according to British media reports. Trafford, who never played for the City senior team during his first spell at the Etihad Stadium, left for Burnley in 2023. He struggled in his first season as the Clarets were relegated from the Premier League, but equalled an English football record with 29 clean sheets last term to help Burnley earn promotion back into the top flight. 'This is the place I call home — it's a truly special football club with fantastic people who make it such a unique place to work and play,' he said in a statement. 'I am still very young and hungry to keep learning and improving — and I know there is no better environment than Manchester City to help make me become the best goalkeeper I can be. 'I will do everything I can to help this great club look to achieve even more success.' City coach Pep Guardiola dropped established number one Ederson multiple times last season in favour of Stefan Ortega. Trafford, who will wear the number one shirt, will battle with Brazilian Ederson to be first choice. He is Man City's sixth signing of the transfer window after they finished third last season, well adrift of champions Liverpool in their bid for a fifth straight Premier League title. Rayan Ait-Nouri, Tijjani Reijnders, Marcus Bettinelli, Rayan Cherki and Sverre Nypan have all already moved to the club since the end of last season. — AFP
Associated Press
26-02-2025
- Business
- Associated Press
Kenanga Group Posts All-Time-High RM1 Billion Revenue and RM155.5 million Operating Profit in FY2024
KEY HIGHLIGHTS FY2024 VS FY2023 Revenue at RM1.0 billion, up by 22.3% Operating Profit at RM155.5 million, up by 88.7% Profit Before Tax ('PBT') at RM117.2 million, up 33.1% Net Profit at RM95.8 million, up by 31.6% Net Income at RM799.6 million, up by 22.6% Operating Expense at RM644.0 million, up by 13.0% Return on Equity at 8.75%, up by 25.8% Earnings Per Share at 13.18 sen, up by 31.3% Net Equity Trading Investment Income at RM55.8 million, up by 30.8% Overall Market Share at 9.6%, Retail Segment Market Share at 25.3% Asset Under Administration ('AUA') at RM23.5 billion, up by 8.5% KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 26 February 2025 - Kenanga Investment Bank Berhad ('Kenanga Group' or 'The Group'), Malaysia's leading independent investment bank, today delivered one of its strongest financial results to date for the financial year ended 31 December 2024 ('FY2024"). The Group posted an all-time high revenue of RM1.0 billion, up 22.3% year-on-year, while operating profit surged 88.7% to RM155.5 million, also its highest yet. PBT rose 33.1% to RM117.2 million, while net profit climbed 31.6% to RM95.8 million. Kenanga Group's strong results were driven by a significant revaluation gain on strategic investments through its Private Equity arm, alongside higher trading and investment income, net brokerage income, and management and performance fees. Increased contributions from associates further bolstered its bottom line, partially offset by credit loss expenses. Reflecting this performance, the Board of Directors has declared an interim single-tier dividend of 8.00 sen per ordinary share for FY2024. '2024 was another landmark year for Kenanga Group, delivering one of our strongest financial performances to date, despite market headwinds. This milestone underscores the resilience of our diversified business model and our disciplined approach in capitalising on growth opportunities across all our key business segments,' said Datuk Chay Wai Leong, Group Managing Director, Kenanga Investment Bank Berhad. Kenanga Group's Stockbroking division recorded RM363.6 million in revenue, a 17.9% increase from the previous year. PBT eased to RM15.4 million from RM16.1 million in FY2023, reflecting the impact of credit loss expense incurred during the year as opposed to a writeback in the previous year. Amid heightened market volatility and an evolving competitive landscape, the division successfully maintained its retail market share of 25.3%. The structured warrants business remained a key contributor, reinforcing the Group's position as Malaysia's leading issuer, with the highest market share in warrants trading volume. Its Asset and Wealth Management division posted revenue of RM303.9 million, an increase of 14.9% year-on-year. The revenue was primarily driven from its institutional and retail segments. Despite higher overhead cost, which led to a PBT of RM47.0 million relative to RM58.7 million in 2023, the division's AUA saw strong growth, closing at RM23.5 billion, an increase of RM1.8 billion year-on-year. The Group's Investment Banking division registered a jump in both revenue and PBT for FY2024, with a 10.0% increase in revenue to RM246.4 million, and an 8.4% increase in PBT to RM6.2 million. This was driven by higher investment income from treasury and fee income, buoyed by a vibrant bond market and capital market. Kenanga Group's Listed Derivatives business continued its growth streak, delivering yet another year of record performance. Revenue climbed 15.3% to RM27.6 million, while PBT surged 24.1% to RM7.8 million, its highest in over a decade. This sustained upward trajectory was fueled by higher trading commissions and interest income, supported by a surge in trading activity across the listed derivatives market. 'As we enter 2025, our focus remains on growing our core businesses while accelerating digital transformation. By strengthening recurring income streams, optimising cost efficiencies, and expanding product offerings, we are positioning Kenanga Group for sustainable, long-term growth,' added Datuk Chay. 'With a legacy that spans over five decades, we continue to leverage our vast experience from navigating market cycles, and create synergies across our ecosystem to drive innovation, expand market reach, and create greater value for our stakeholders,' concluded Datuk Chay. Beyond financial performance, Kenanga Group remains committed to responsible and sustainable growth. In 2024, this commitment was reaffirmed with the Group's continued inclusion on the FTSE4Good Bursa Malaysia Index, ranking among the Top 8% of Malaysian public-listed companies. The issuer is solely responsible for the content of this announcement.
Zawya
26-02-2025
- Business
- Zawya
Kenanga Group Posts All-Time-High RM1 Billion Revenue and RM155.5 million Operating Profit in FY2024
Asia Press Release Revenue at RM1.0 billion, up by 22.3% Operating Profit at RM155.5 million, up by 88.7% Profit Before Tax ("PBT") at RM117.2 million, up 33.1% Net Profit at RM95.8 million, up by 31.6% Net Income at RM799.6 million, up by 22.6% Operating Expense at RM644.0 million, up by 13.0% Return on Equity at 8.75%, up by 25.8% Earnings Per Share at 13.18 sen, up by 31.3% Net Equity Trading Investment Income at RM55.8 million, up by 30.8% Overall Market Share at 9.6%, Retail Segment Market Share at 25.3% Asset Under Administration ("AUA") at RM23.5 billion, up by 8.5% KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 26 February 2025 - Kenanga Investment Bank Berhad ("Kenanga Group" or "The Group"), Malaysia's leading independent investment bank, today delivered one of its strongest financial results to date for the financial year ended 31 December 2024 ("FY2024"). The Group posted an all-time high revenue of RM1.0 billion, up 22.3% year-on-year, while operating profit surged 88.7% to RM155.5 million, also its highest yet. PBT rose 33.1% to RM117.2 million, while net profit climbed 31.6% to RM95.8 million. Datuk Chay Wai Leong, Group Managing Director, Kenanga Investment Bank Berhad Kenanga Group's strong results were driven by a significant revaluation gain on strategic investments through its Private Equity arm, alongside higher trading and investment income, net brokerage income, and management and performance fees. Increased contributions from associates further bolstered its bottom line, partially offset by credit loss expenses. Reflecting this performance, the Board of Directors has declared an interim single-tier dividend of 8.00 sen per ordinary share for FY2024. "2024 was another landmark year for Kenanga Group, delivering one of our strongest financial performances to date, despite market headwinds. This milestone underscores the resilience of our diversified business model and our disciplined approach in capitalising on growth opportunities across all our key business segments," said Datuk Chay Wai Leong, Group Managing Director, Kenanga Investment Bank Berhad. Kenanga Group's Stockbroking division recorded RM363.6 million in revenue, a 17.9% increase from the previous year. PBT eased to RM15.4 million from RM16.1 million in FY2023, reflecting the impact of credit loss expense incurred during the year as opposed to a writeback in the previous year. Amid heightened market volatility and an evolving competitive landscape, the division successfully maintained its retail market share of 25.3%. The structured warrants business remained a key contributor, reinforcing the Group's position as Malaysia's leading issuer, with the highest market share in warrants trading volume. Its Asset and Wealth Management division posted revenue of RM303.9 million, an increase of 14.9% year-on-year. The revenue was primarily driven from its institutional and retail segments. Despite higher overhead cost, which led to a PBT of RM47.0 million relative to RM58.7 million in 2023, the division's AUA saw strong growth, closing at RM23.5 billion, an increase of RM1.8 billion year-on-year. The Group's Investment Banking division registered a jump in both revenue and PBT for FY2024, with a 10.0% increase in revenue to RM246.4 million, and an 8.4% increase in PBT to RM6.2 million. This was driven by higher investment income from treasury and fee income, buoyed by a vibrant bond market and capital market. Kenanga Group's Listed Derivatives business continued its growth streak, delivering yet another year of record performance. Revenue climbed 15.3% to RM27.6 million, while PBT surged 24.1% to RM7.8 million, its highest in over a decade. This sustained upward trajectory was fueled by higher trading commissions and interest income, supported by a surge in trading activity across the listed derivatives market. "As we enter 2025, our focus remains on growing our core businesses while accelerating digital transformation. By strengthening recurring income streams, optimising cost efficiencies, and expanding product offerings, we are positioning Kenanga Group for sustainable, long-term growth," added Datuk Chay. "With a legacy that spans over five decades, we continue to leverage our vast experience from navigating market cycles, and create synergies across our ecosystem to drive innovation, expand market reach, and create greater value for our stakeholders," concluded Datuk Chay. Beyond financial performance, Kenanga Group remains committed to responsible and sustainable growth. In 2024, this commitment was reaffirmed with the Group's continued inclusion on the FTSE4Good Bursa Malaysia Index, ranking among the Top 8% of Malaysian public-listed companies. Hashtag: #Kenanga The issuer is solely responsible for the content of this announcement. About Kenanga Investment Bank Berhad (197301002193 (15678-H)) Established for over 50 years, Kenanga Investment Bank Berhad ("The Group") is a leading financial group in Malaysia, offering a wide range of services, including equity broking, investment banking, treasury, Islamic banking, listed derivatives, investment management, wealth management, structured lending, and trade financing. The Group's digital innovations include the launch of KDi GO, a wealth-centric app, along with game-changing products such as Rakuten Trade, Malaysia's first fully digital stockbroking platform, and Kenanga Digital Investing, an A.I. robo-advisor. Kenanga has garnered multiple awards, including top honours at the Bursa Excellence Awards 2023 and The Edge Malaysia Centurion Club 2023. The Group also secured the Top 20 Overall Excellence and the Niche Cap Excellence Award at the National Corporate Governance and Sustainability Awards 2024. As one of the highest- scoring constituents of the FTSE4Good Bursa Malaysia Index and a Participant of the United Nations Global Compact, Kenanga continues to drive collaboration, innovation, and sustainability in the financial industry. For more information, please visit Kenanga Investment Bank Berhad Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an 'as is' and 'as available' basis and has not been edited in any way. 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