Latest news with #RM189
BusinessToday
15-05-2025
- Business
- BusinessToday
99 Speed Mart's Q1 Revenue Hits RM2.61 Billion PAT Increases To RM143 Million
99 Speed Mart Retail Holdings Berhad announced its results for the first quarter of its financial year ending 31 December 2025, delivering a 7.7% year-on-year growth in revenue to RM2.61 billion. The profit before tax and profit after tax increased by 6.6% and 7.5%, Y-o-Y, to RM190.2 million and RM143.2 million respectively. Total sales transactions for the quarter rose 7.8% to 119.6 million with the average ticket size remaining stable at RM21.80. The Board of Directors has declared a first interim dividend of 2.25 sen per ordinary share, amounting to approximately RM189 million in respect of the financial year ending 31 December 2025. The entitlement date is fixed on 29 May 2025, and payment will be made on 9 June 2025. Related
Fibre2Fashion
08-05-2025
- Business
- Fibre2Fashion
Malaysia's Lotte Chemical Titan narrows Q1 losses despite revenue dip
Lotte Chemical Titan Holding Berhad (LCT) has reported net loss of RM134.8 million (~$31.5 million) for first quarter of fiscal 25 (Q1 FY2025), compared to RM189 million in the same quarter last year. Lotte Chemical Titan posted a Q1 FY2025 net loss of RM134.8 million (~$31.5 million), improving from RM189 million last year. Revenue fell 22 per cent YoY to RM1.5 billion (~$351 million) due to lower sales volume. LBITDA dropped 38.3 per cent YoY to RM37.7 million (~$8.8 million). LCT stays committed to strategic goals, including its LINE Project in Indonesia. Although revenue declined 22 per cent year on year (YoY) to RM1.5 billion (~$351 million) primarily due to reduced sales volume the Group showed operational resilience, LCT said in a release. The Group also posted a 38.3 per cent YoY reduction in LBITDA, down to RM37.7 million (~$8.8 million). President & CEO Jang Seon Pyo acknowledged the tough global landscape, shaped by geopolitical tensions and continued oversupply of petrochemical products, particularly in China. However, LCT remains focused on delivering its strategic initiatives chief among them being the LINE (Lotte Chemical Indonesia New Ethylene) Project, set for completion in 2025. LCT is one of Southeast Asia's largest producers of ethylene, propylene, polyethylene (PE), and polypropylene (PP)—key building blocks in plastics used across consumer goods, automotive parts, healthcare, packaging, and more. Fibre2Fashion News Desk (VK)
The Sun
30-04-2025
- The Sun
Married couple nabbed with drugs worth almost RM200,000
ALOR SETAR: A husband and wife were arrested on suspicion of being involved in a drug trafficking syndicate with drugs worth more than RM189,600 in a raid conducted at a housing estate near here, on Monday. Kota Setar district police chief ACP Siti Nor Salawati Saad said the local couple, in their 50s, were arrested by a Narcotics Criminal Investigation Division team from Kota Setar district police headquarters (IPD) at 3 pm. 'The results of the raid led to the seizure of 10,340 erimin 5 pills weighing about 2846.29 grammes (g), a transparent plastic packet containing ketamine weighing 493.23 g and methylenedioxymethamphetamine (MDMA) powder weighing 364.2 g. 'All the drugs obtained from outside Kedah, if released into the market, could be supplied to 3,200 addicts. Police also seized cash totalling RM530 believed to have been obtained from the drug trafficking activity,' he said at a press conference here, today. He said the results of a urine test found the male suspect, who has five previous criminal records, positive for methamphetamine and amphetamine while the female suspect had no previous record and was negative for drugs. According to him, the couple is believed to have been carrying out the activity for the past four years, distributing the drug supplies to small dealers. 'The couple have been remanded for seven days until May 5 for investigation under Section 39B of the Dangerous Drugs Act 1952,' he said. Meanwhile, regarding the development of the sexual harassment case involving a male teacher at a private school here, Siti Nor Salawati said police had received seven reports regarding the case so far. 'All the reports made in Alor Setar are from students and former students of the school in papers have been opened and for now one investigation paper has been handed over to the Deputy Public Prosecutor,' he said.
The Star
30-04-2025
- The Star
Married couple nabbed with drugs worth almost RM200,000
ALOR SETAR: A husband and wife were arrested on suspicion of being involved in a drug trafficking syndicate with drugs worth more than RM189,600 in a raid conducted at a housing estate near here, on Monday (April 29). Kota Setar district police chief ACP Siti Nor Salawati Saad said the local couple, in their 50s, were arrested by a Narcotics Criminal Investigation Division team from Kota Setar district police headquarters (IPD) at 3pm. "The results of the raid led to the seizure of 10,340 erimin 5 pills weighing about 2846.29g, a transparent plastic packet containing ketamine weighing 493.23g and MDMA powder weighing 364.2g. "All the drugs obtained from outside Kedah, if released into the market, could be supplied to 3,200 addicts. Police also seized cash totalling RM530 believed to have been obtained from the drug trafficking activity," he said at a press conference here, on Tuesday (April 30). He said the results of a urine test found the male suspect, who has five previous criminal records, positive for methamphetamine and amphetamine while the female suspect had no previous record and was negative for drugs. According to him, the couple is believed to have been carrying out the activity for the past four years, distributing the drug supplies to small dealers. "The couple have been remanded for seven days until May 5 for investigation under Section 39B of the Dangerous Drugs Act 1952," he said. Meanwhile, regarding the development of the sexual harassment case involving a male teacher at a private school here, Siti Nor Salawati said police had received seven reports regarding the case so far. "All the reports made in Alor Setar are from students and former students of the school in papers have been opened and for now one investigation paper has been handed over to the Deputy Public Prosecutor," he said. - Bernama
New Straits Times
30-04-2025
- New Straits Times
Husband and wife nabbed over suspected drug trafficking
ALOR STAR: Police have arrested a married couple during a police raid at a house here on Monday for suspected involvement in drug trafficking. Kota Setar Police chief Assistant Commissioner Siti Nor Salawati Saad said the 3pm raid led to the seizure of 10,340 Eramin 5 pills, weighing approximately 2.85kg. Police also found a plastic packet containing what is believed to be ketamine, weighing 483 grams, as well as 364.2 grams of ecstasy. "The couple, both in their 50s, were believed to be distributing drugs to smaller peddlers in the surrounding area. The ecstasy are often used at private parties or entertainment centres. "They are typically mixed with flavoured drinks such as blackcurrant, apple, or lychee juice. Once consumed, a urine test would return positive for methamphetamine," she told a press conference at the district police headquarters today. Salawati said the suspects' operation involved pre-arranged pick-up locations, where buyers would collect the drugs. The male suspect tested positive for methamphetamine and ketamine and has five prior records for various drug offences, including under Section 39B of the Dangerous Drugs Act 1952. "However, his wife has no prior criminal record. The total value of drugs seized is estimated at RM189,642.43, police also seized RM530 in cash believed to be proceeds from drug sales," she said. Salawati said the amount could have potentially supplied up to 3,200 drug users in the district. "We are still investigating the source of the drugs, which we believe originated from outside Kedah. "We believe the male suspect has been active in drug distribution for about four years. He does not hold a steady job and his primary source of income appears to be from drug dealing," she said. The couple has been remanded for seven days from yesterday until May 5 to assist investigations under Section 39B of the Dangerous Drugs Act 1952.
