Latest news with #RM2.61
New Straits Times
16-05-2025
- Business
- New Straits Times
Maxis' net profit up 5.1pct to RM371mil, revenue rises to RM2.61bil in Q1
KUALA LUMPUR: Telecommunications company Maxis Bhd reported a 5.1 per cent increase in net profit to RM371 million for the first quarter ended March 31 2025. This was mainly due to lower net finance costs compared to RM353 million in the same quarter last year, Maxis said today. Its revenue inched up 0.2 per cent to RM2.61 billion from RM2.6 billion previously, supported by higher device sales driven by increased volume. However, the company's service revenue dipped 0.9 per cent to RM2.17 billion, impacted by a revised commercial structure for the SafeDevice programme and lower regulated interconnect rates. The company also announced an interim dividend of four sen per share for the quarter. Maxis said it remains committed to boosting customer value by driving service innovation and maintaining a highly reliable network. "We are committed to optimising operational efficiencies to ensure sustainable long-term growth," it added. Maxis has identified five key focus areas for 2025. This includes bundling and cross-selling to strengthen its consumer base, and growing its enterprise business while remaining aligned with its core offerings. The company will also prioritise infrastructure and wholesale development, digitalisation and artificial intelligence (AI) adoption, as well as operational excellence. Maxis chief executive officer Goh Seow Eng said the company expects to see a rebound in service revenue with low single-digit growth, along with flat to modest growth in earnings before interest, taxes, depreciation and amortisation by the end of the year. This is backed by disciplined capital spending of under RM1 billion, strategically directed toward key areas that support long-term growth and improved customer value. "We are actively building greater resilience in a dynamic market by strengthening our core operations and driving digital transformation," Goh added.
New Straits Times
16-05-2025
- Business
- New Straits Times
99 Speed Mart's 1Q25 net profit rises to RM143mil
KUALA LUMPUR: 99 Speed Mart Retail Holdings Bhd's net profit for the first quarter ended March 31, 2025 (1Q 2025) rose to RM143.18 million from RM133.15 million in the same period last year. Revenue for the quarter under review increased to RM2.61 billion from RM2.43 billion previously, marking a 7.7 per cent rise, driven by the year-on-year expansion of 246 new outlets, bringing the total number of outlets to 2,833 as at March 31, 2025. In a filing with Bursa Malaysia today, the home improvement retailer said the higher revenue led to an 11.3 per cent increase in gross profit to RM314.5 million, accompanied by a slight improvement in the gross profit margin. "(This was) mainly due to the increase in promotional discounts and achievement of target incentives in the 1Q 2025," it said. On prospects, the group said it remains committed to promoting affordability and accessibility. "This commitment is reflected in our pricing strategies, carefully curated product selections, and strategic outlet placements, ensuring that everyday essentials remain within reach for all segments of the community. "Through this approach, we aim to enhance customer convenience and support cost-conscious households, while reinforcing our role as a trusted and inclusive retail brand," it said. The company said it is targeting the commencement of operations for a new distribution centre in Cyberjaya, Selangor, by the 2Q 2025. "With a built-up area of approximately 120,000 square feet, this facility is expected to support around 200 outlets in and around the Cyberjaya region, while further enhancing the distribution capacity of our bulk sales e-commerce platform," it said. The company also declared a first interim dividend of 2.25 sen per ordinary share, amounting to approximately RM189.0 million, in respect of the financial year ending Dec 31, 2025, payable on June 9, 2025.
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
![[UPDATED] Cops bust ganja ring shipping to Europe](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fimages%2Farticles%2Fganja_export_ring_1745560153.jpg&w=3840&q=100)
New Straits Times
25-04-2025
- New Straits Times
[UPDATED] Cops bust ganja ring shipping to Europe
austin@ KUALA LUMPUR: Federal police have crippled a drug ring believed to be responsible for shipping ganja buds to Europe. Acting Bukit Aman Narcotic Crime Investigation Department (NCID) director, Deputy Commissioner Mat Zani @ Mohd Salahuddin Che Ali, revealed that a series of raids in the Klang Valley led to the arrest of two men, a local aged 34 and a Chinese national aged 38. "We seized 75.51kg of ganja buds, worth at least RM2.61 million," he said in a statement today. The operation began with the first arrest at a coffee shop in Sepang at 5:25am on Wednesday. The second suspect was detained at a house in Kota Warisan, Sepang, around 6:15am. Shortly thereafter, investigators led by the suspects uncovered a rented house in Bukit Changgang, Banting, at 9:35am, where they found 144 packets containing the ganja buds. The total haul was valued at RM2.64 million on the black market and could have been distributed to 151,000 drug users. Police also seized RM25,327 in cash during the raid. "Our investigations suggest that the two suspects are the masterminds behind the smuggling operation. "Intelligence indicates they rented homestays as storage facilities for the drugs before shipping them to Europe," he said, adding that the syndicate has been active since January. Both suspects have no prior criminal records and tested negative for drugs during urine tests. The suspects are facing charges under Section 39B of the Dangerous Drugs Act 1952, which carries the death penalty or life imprisonment upon conviction, in addition to a minimum of 12 strokes of the cane. Authorities are also investigating how the Chinese suspect entered Malaysia. Both men have been remanded to assist with further investigations, and police are continuing operations to locate additional members of the syndicate. Anyone with information related to such activities is urged to contact the NCID Hotline at 012-208 7222.
