Latest news with #RM16.5
Barnama
7 hours ago
- Business
- Barnama
IMFC-J Succesfully Facilitates Five Projects Worth RM16.5 Bln In JS-SEZ To Date
BUSINESS KUALA LUMPUR, May 19 (Bernama) -- Five major investment projects have been fully facilitated through the Invest Malaysia Facilitation Centre Johor (IMFC-J) to date, representing RM16.5 billion in committed investment in the Johor-Singapore Special Economic Zone (JS-SEZ), said Johor Menteri Besar Datuk Onn Hafiz Ghazi. He said the IMFC-J is currently in active engagement with 47 more investors, with potential investments totalling RM40.1 billion, across key sectors such as manufacturing, data centres, and energy from key markets such as Singapore, China, and South Korea. "In just over two months since its launch, IMFC-J has received more than 300 investor enquiries, with 100 focused on the Forest City Special Financial Zone alone. "But as a facilitator, the job of the IMFC-J is also to convert the very real interest into actual investments, and that is exactly what it has been delivering on," he said during his opening address at the 'JS-SEZ Partners Dialogue: Advancing Facilitation' forum today. IMFC-J was launched last February in collaboration with federal partners, jointly operated and led by Iskandar Regional Development Authority (IRDA), Invest Johor, and Malaysian Investment Development Authority (MIDA) to remove bottlenecks and fast-track investor journeys within the JS-SEZ. In the meantime, Onn Hafiz highlighted that Johor has secured RM27.4 billion in total approved investments in the first quarter of 2025 - a record-breaking achievement - as it took the state nine months in 2024 to reach the same milestone. "We currently have an additional RM23 billion in the investment pipeline, expected to materialise by the end of this quarter. If these numbers hold, and we believe they will, Johor will exceed RM50 to RM60 billion in total investments in 2025, surpassing last year's RM48.5 billion - this will position Johor yet again in the top three investment destinations in Malaysia," he added. -- BERNAMA
New Straits Times
27-05-2025
- Business
- New Straits Times
MN Holdings' earnings more than doubles in Q3
KUALA LUMPUR: MN Holdings Bhd's net profit more than doubled to RM16.5 million in the third quarter ended March 31, 2025 (3Q25), from RM4.7 million a year ago, on the back of higher revenue. Its quarterly revenue rose to RM127.42 million from RM51.11 million previously, mainly contributed from the substation engineering segment, which increased 248 per cent to RM97.09 million. The company registered higher earnings per share of 3.01 sen compared to 1.12 sen in 3Q24. For the nine-month period (9MFY2025), MN Holdings' net profit increased to RM36.16 million from RM12.78 million a year ago, while revenue rose to RM356.01 million from RM181.18 million previously. The growth was driven by accelerated project execution and higher billings, particularly from the substation engineering segment, which continued to anchor the group's top-line expansion by a 98 per cent increase to RM211.19 million. The company declared a second interim dividend of 0.10 sen per share, reflecting the confidence in its consistent performance and positive earnings trajectory. MN Holdings managing director Datuk Clement Toh said the record performance this quarter reflects its disciplined execution and deep capabilities across key infrastructure segments. He added that with continued demand for energy-related projects, from power distribution to data centres and renewable energy facilities, the company is well-positioned to deliver value and meet Malaysia's evolving infrastructure needs. "Backed by a healthy order book and growing exposure to high-demand segments such as data centres, solar interconnection, and battery energy storage systems, we are confident in sustaining our growth trajectory," he said in a statement. As at March 31, 2025, MN Holdings recorded a robust financial position, with net assets per share at RM0.32 and cash and short-term investments totalling RM73.94 million. Its outstanding order book stood at about RM1.1 billion, providing clear revenue visibility over the next 24 to 36 months.
