Latest news with #RM362
The Star
15-07-2025
- Business
- The Star
DXN focuses on ready-to-eat and -cook products, eyes further global spread
From left: DXN chief financial officer Lim Beng Cheng, DXN senior independent non-executive director Datuk Noripah Kamso, DXN chief operating officer Mahmood Hisham, DXN founder and executive chairman Datuk Lim Siow Jin, Kedah Chief Minister Datuk Seri Muhammad Sanusi Md Nor, Invest Kedah Bhd chief operating officer Noor Ikhsan Bin Abdul Aziz and Kedah state executive council member Dr Haim Hilman Abdullah. PUTRAJAYA: Herbal health product manufacturer and marketeer DXN Holdings Bhd aims to expand its product portfolio with a new line of ready-to-eat (RTE) and ready-to-cook (RTC) food products, as part of an aggressive push into international markets. Founder and executive chairman Datuk Lim Siow Jin said the company is in the final phase of developing a central kitchen facility to drive production of RTE and RTC products. "The latest freezing technology enables processed products such as sushi- and sashimi-grade fish to last up to 18 months. This opens up export opportunities globally,' he said at a press conference here today. He said the new products - including fresh seafood processed directly from DXN's hatchery in Pulau Tuba, Kedah - are expected to replicate DXN's coffee products, which are now among the company's top revenue contributors. "If coffee can reach that level, daily RTE and RTC food products will even go further,' he said, adding that DXN's products are currently distributed via a network of more than 20 million members in 54 countries. Meanwhile, DXN's chief operating officer Abdul Hafiz Mahmood Hisham said the company is confident it will be able to distribute more than 50 per cent of its net profit as dividend this year, in line with its minimum payout ratio policy. He said for the financial year ended Feb 28 this year, DXN distributed 56 per cent of its net profit as dividends, totalling about RM362 million since its Main Market relisting on Bursa Malaysia on May 19, 2023. On Jan 27, DXN's board declared a third interim dividend of 1.00 sen per ordinary share, amounting to RM49.72 million for the financial year ending Feb 28, 2025. For the full year, the company's net profit rose 5.8 per cent to RM329.03 million from RM310.99 million in the FY2024, while revenue increased 5.84 per cent to RM1.91 billion from RM1.80 billion. This revenue growth was driven by strong sales performance in key markets such as Peru, Bolivia, the Middle East, and Türkiye, supported by targeted marketing strategies that successfully maintained member engagement throughout the year. - Bernama
Daily Express
23-04-2025
- Business
- Daily Express
SMJ energy sees jump in after-tax profit to RM362 million
Published on: Wednesday, April 23, 2025 Published on: Wed, Apr 23, 2025 By: Bernama Text Size: Masidi said the company's success was the result of the dedication and hard work of a team of professionals working closely with key stakeholders, including Petronas. Kota Kinabalu: Sabah government's wholly owned SMJ Energy Sdn Bhd recorded a 40 per cent jump in profit after tax of RM362 million (before audit) last year compared to RM259 million in 2023, said Sabah Minister of Finance Datuk Seri Masidi Manjun. Masidi, who is also the chairman of SMJ Energy, said this reflected the company's strong performance, even though the company was facing an uncertain global energy market. 'This improved performance was driven by several key factors, including strategic asset optimisation, disciplined cost management and strong revenue growth. 'SMJ Energy's results also showed a significant surge, driven by contributions from several of the company's key assets including the Samarang production sharing contract (PSC), LNG Train 9 liquefaction plant, Petronas Chemical Fertilizer Sabah Sdn Bhd (PCFSSB), as well as floating production, storage and offloading (FPSO) and floating storage operation (FSO) from Sabah International Petroleum (SIP), which is debt-free,' he said in a statement here. He said the company's success was the result of the dedication and hard work of a team of professionals working closely with key stakeholders, including Petronas. 'SMJ Energy also has a balanced portfolio, encompassing the upstream, LNG, petrochemical and FPSO/FSO sectors. This diverse portfolio provides the company with financial stability, ensuring that it remains strong even in the face of low oil price conditions. 'However, I would like to warn companies to always be vigilant against external changes that could affect performance,' he added. He said global market uncertainties, including the ongoing tariff war and oil price fluctuations, were challenges that needed to be faced with caution. 'The volatility in the global oil market highlights the importance of maintaining proactive risk management and a prudent investment strategy,' he said. Meanwhile, Masidi said SMJ Energy was also paying attention to the development of the oil and gas services and equipment (OGSE) sector in Sabah. 'The company is committed to increasing local content in the sector, without neglecting aspects of cost, safety, quality, and work schedules. 'Last year, SMJ Energy allocated RM2 billion worth of jobs to Sabah companies, compared to only RM613 million in 2021,' he added. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Daily Express
22-04-2025
- Business
- Daily Express
SMJ Energy records 40pc rise in profit to RM362 million
Published on: Wednesday, April 23, 2025 Published on: Wed, Apr 23, 2025 Text Size: Masidi Manjun attributed the achievement to the dedication and professionalism of the company's team, in close collaboration with key stakeholders, including Petronas. - Pic: SMJ Energy. Kota Kinabalu: SMJ Energy Sdn Bhd (SMJ Energy) recorded a profit after tax of RM362 million based on its unaudited financial results for the year ended Dec 31, 2024, a nearly 40 per cent increase from RM259 million in 2023. The impressive performance underscores the company's resilience and strong fundamentals, achieved despite a volatile global energy landscape. The growth was driven by strategic asset optimisation, disciplined cost management and sustained revenue growth. Revenue for the year saw a significant year-on-year increase, bolstered by strong contributions from key assets such as the Samarang Production Sharing Contract (PSC), LNG Train 9 liquefaction plant, Petronas Chemical Fertiliser Sabah Sdn Bhd (PCFSSB), as well as Floating Production Storage and Offloading (FPSO) and Floating Storage Operations (FSO) under Sabah International Petroleum (SIP), which remains debt-free. Finance Minister Datuk Seri Masidi Manjun, who is also Chairman of SMJ Energy, attributed the achievement to the dedication and professionalism of the company's team, in close collaboration with key stakeholders, including Petronas. 'With a well-balanced portfolio across Upstream, LNG, Petchem and FPSO/FSO segments, SMJ Energy is well-positioned to maintain financial strength even in a low oil price environment,' he said. However, Masidi urged continued vigilance amid global economic uncertainties, including the ongoing tariff conflicts and fluctuating oil prices. 'The volatility in global oil markets highlights the importance of maintaining proactive risk management and prudent investment strategies,' he said. Beyond profitability, SMJ Energy is playing an active role in strengthening local participation in Sabah's oil and gas services and equipment (OGSE) sector. In 2024, the total value of contracts awarded to Sabahan companies rose to RM2 billion, a significant leap from RM613 million in 2021, without compromising on cost, safety, quality or project schedules. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Daily Express
22-04-2025
- Business
- Daily Express
SMJ Energy profit surges to RM362 mil
Published on: Tuesday, April 22, 2025 Published on: Tue, Apr 22, 2025 Text Size: SMJ Energy Sdn Bhd reported a 40% increase in profit for 2024, reaching RM362 million, up from RM259 million in 2023. This growth was driven by strong asset contributions, including the Samarang PSC, LNG Train 9, and FPSO/FSO under Sabah International Petroleum (SIP). Chairman Datuk Seri Panglima Masidi Manjun credited the company's performance to its professional team and collaboration with PETRONAS. He also noted that SMJ Energy's diversified portfolio ensures financial resilience despite global market volatility. SMJ Energy further supported Sabah's economy, awarding RM2 billion in contracts to local companies in 2024, a significant rise from RM613 million in 2021. * Read full report in tomorrow's print paper or log in or sign up for e-paper and premium online news access. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Borneo Post
22-04-2025
- Business
- Borneo Post
SMJ Energy's 2024 profit surges to RM362 million amid market uncertainties.
KOTA KINABALU (April 22): SMJ Energy Sdn Bhd (SMJ Energy) announced its unaudited financial results for the year ended 31 December 2024, reporting a profit after tax of RM362 million compared to RM259 million in 2023, an almost 40% jump in profit. The result demonstrates the company's robust performance despite volatile global energy markets, driven by strategic asset optimization, disciplined cost management and robust revenue growth. SMJ Energy's revenue surged year-on-year, propelled by strong contributions from flagship assets Samarang Production Sharing Contract (PSC), LNG Train 9 liquefaction plant, Petronas Chemical Fertilizer Sabah Sdn Bhd (PCFSSB) and Floating Production & Storage (FPSO) and Floating Storage Operation (FSO) from debt free Sabah International Petroleum (SIP). Sabah's Minister of Finance and Chairman of SMJ Energy, Datuk Seri Panglima Masidi Manjun credited this achievement to the dedication of a professional team working in close collaboration with key stakeholders, including Petronas. Given the balanced portfolio consisting of Upstream, LNG, Petchem and FPSO/FSO, SMJ Energy's financials will remain robust even in a low oil price scenario. However, he cautioned vigilance regarding the external environment, particularly the ongoing global tariff war and fluctuating oil prices. 'The volatility in global oil markets highlights the importance of maintaining our proactive risk management and prudent investment strategies,' he stated. In addition to building a profitable oil and gas business, SMJ Energy is actively supporting the state in improving local contents in the oil and gas services and equipment (OGSE) sector in Sabah without compromising costs, safety, quality and schedules. The total value of jobs awarded to Sabahan companies reached RM2 billion last year compared with RM613 million in 2021.
