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The Sun
6 days ago
- Business
- The Sun
Meta Bright's nine-month revenue leaps 222% year-on-year, propelled by building materials segment
PETALING JAYA: Meta Bright Group Bhd, a Main Market-listed diversified conglomerate, reported a strong financial performance for the nine months ended March 31, 2025 (9M25), driven by significant contributions from its building materials, leasing, hospitality and energy-related segments. Revenue leaped 222% year-on-year (y-o-y) to RM175 million from RM54.36 million in the corresponding period of the previous financial year. The remarkable growth was largely driven by the building materials segment, which recorded revenue of RM141.62 million, supported by the continued strong performance of Expogaya Sdn Bhd, which Metra Bright acquired in January 2024. Profit attributable to owners of the company (Patami) surged 145% to RM6.95 million from RM2.83 million a year earlier, demonstrating the group's effective diversification strategy and operational efficiencies. The group achieved a 57% increase in revenue to RM53.42 million in Q3'25 compared to RM33.95 million in Q3'24. Meta Bright's robust financial performance was complemented by strong operational cash flows, generating RM14.47 million from operating activities for the nine-month period, compared to a net operating cash flow of RM10.66 million during the same period last year. This positive cash flow demonstrates the group's enhanced cash-generating capabilities and operational strength. Corporate and strategic planning executive director Derek Phang Kiew Lim said, 'Our solid performance in the first nine months reflects the effectiveness of our diversification and growth strategies implemented over the past year. Continued contributions from the existing business segments, combined with disciplined financial management and operational efficiencies, position us well to achieve sustained growth and deliver long-term value to our shareholders.' He added they are particularly encouraged by the sustained improvement in their operating cash flows, which provides them with greater flexibility to pursue strategic opportunities and investments. Despite the challenging market environment, Phang said, their diversified business model continues to deliver stable growth and enhance shareholder value. Looking ahead, Meta Bright remains committed to its growth trajectory by actively identifying new opportunities in property development, energy-related businesses, and infrastructure projects, particularly leveraging the continued infrastructure boom in Sabah. The group intends to enhance its hospitality segment through ongoing improvements at Renai Hotel and other facilities. However, Phang said they will be cautious in light of the cross-border risks and uncertainties surrounding geopolitical factors, ensuring that they maintain a robust risk management approach and strategic flexibility to navigate any potential headwinds effectively. 'We remain optimistic about our business prospects for the remainder of FY2025. With a healthy order book, solid financial fundamentals, and strategic initiatives in place, we believe Meta Bright is well-positioned to sustain its growth momentum,' he added.
New Straits Times
24-04-2025
- Business
- New Straits Times
Lower trading activity to weigh on Bursa Malaysia's 1Q earnings
KUALA LUMPUR: Bursa Malaysia Bhd is expected to report lower earnings for the first quarter of 2025 (1Q25) due to a decline in securities trading activity, according to CIMB Securities. The stock exchange regulator is scheduled to release its 1Q25 results on April 28. Net profit for the quarter is projected to come in between RM55 million and RM62 million, down 17.2 per cent to 26.9 per cent from a year ago, and 9.8 per cent to 20.4 per cent lower compared to the previous quarter. The earnings weakness is largely attributed to a 14.2 per cent drop in securities average daily value to RM2.7 billion, reflecting cautious investor sentiment amid global trade tensions. CIMB Securities said the decline in revenue, estimated at RM166 million to RM175 million, would push the cost-to-income ratio higher to 53 per cent to 56 per cent from 46.5 per cent in 1Q24. No dividend is expected for the quarter, as payouts are typically made semi-annually. Despite a 20.8 per cent year-on-year rise in average daily contracts in the derivatives segment, the growth was not enough to offset lower trading volumes in the securities market. The research house maintained its "Hold" rating on Bursa Malaysia with an unchanged target price of RM8.15, citing limited near-term catalysts. CIMB also warned of potential downside risks to its full-year earnings forecast of RM291.2 million should the current trading volumes persist.
