Latest news with #RM32.7mil
The Star
28-05-2025
- Business
- The Star
MPI 3Q profit up 22%, remains cautious over US tariffs
KUALA LUMPUR: Malaysian Pacific Industries Bhd (MPI) will actively monitor the impact of the US administration's newly announced reciprocal tariffs, which have added to global economic uncertainties. 'Barring any unforeseen circumstances, the Board expects the performance for this financial year to be satisfactory,' the semiconductor company said in a filing with Bursa Malaysia. In the third quarter ended March 31, MPI's net profit rose 22.4% to RM40mil, or earnings per share of 20.12 sen compared with RM32.7mil, or 16.47 sen in the year-ago quarter. The higher profit was mainly due to improved operating margin and lower operating cost. Revenue, however, fell marginally to RM519.9mil against RM526mil last year. MPI said the lower revenue for the quarter under review was mainly due to the weaker foreign exchange rate recorded against the corresponding quarter of the last financial year. For the nine months to March 31, MPI posted a net profit of RM110.2mil, up 35.4% from RM81.4mil while revenue grew to RM1.57bil against RM1.56bil previously. MPI has declared a second interim single-tier dividend of 25 sen for the quarter ended March 31, to be paid on June 26.
The Star
21-05-2025
- Business
- The Star
Amway warns of continued profit pressure amid tough business environment
KUALA LUMPUR: Amway (M) Bhd expects the prevailing challenging business environment to continue weighing on its revenue and profitability. 'Amid a challenging economic landscape in 2025, brought about by uncertainties in the global trade and tariff policies, weaker consumer demand and rising product costs driven by inflationary pressures, the group remains guided by our commitment to delivering shareholders' value and our reputation as a trusted provider of health and wellbeing products,' Amway said in a filing with Bursa Malaysia. It added that it would continue focusing on delivering holistic gut health solutions while adapting its business model to evolving consumer needs. 'In support of its long-term strategy, the group will continue to make targeted and prudent investments in several areas, including ABO-centric programmes, innovative product launches, health-centric communities, and essential infrastructure and technology upgrades,' it said. In the first quarter ended March 31, Amway's net profit tumbled 60% to RM13.2mil, down from RM32.7mil in the same quarter last year. The lower profit was due to higher product costs arising from the increase in purchase price and lower sales volume. Revenue for the quarter fell to RM294.3mil against RM322mil previously mainly due to lower demand towards health & wellness products and home appliances. Its earnings per share slid to 8.04 sen from 19.92 sen a year prior. Amway has announced a first single-tier interim dividend of 5.0 sen per share. The payment will be made on June 20.
