Latest news with #RM37.9mil
The Star
21-05-2025
- Business
- The Star
Malayan Flour Mills sees opportunities and challenges ahead
The company said it expects to be profitable for the financial year ending 2025. PETALING JAYA: Malayan Flour Mills Bhd (MFM) believes that the changing geopolitical scene is a dynamic phenomenon that presents both opportunities and challenges for nations around the world. In a filing with Bursa Malaysia, the flour milling company said despite these challenges, it expects to be profitable for the financial year ending 2025. For the first quarter of financial year ended March 31, 2025 (1Q25), MFM's net profit dipped to RM33.09mil from RM37.9mil in the previous corresponding quarter, due to lower profits from the flour and grain trading segment and others segment. Revenue in 1Q25 rose to RM799.29mil from RM751.60mil a year earlier, mainly contributed by higher sales volume from the flour and grain trading segment, amidst lower selling price. Going forward, the company said commodity prices of wheat and grain remain volatile and continue to be impacted by the persisting uncertainties in macroeconomic and geopolitical considerations. 'The company will continue to monitor the impact of commodity prices arising from the global supply and demand dynamics and adjust selling prices accordingly and to diversify the sources of wheat, corn and soybean meal.' Globally, MFM said the poultry industry is adversely impacted by highly Pathogenic Avian Influenza outbreaks, resulting in disruptions in the global supply of grandparent day-old-chicks (DOCs), parent stock DOCs and commercial DOCs. 'Locally, the uplifting of chicken subsidy and ceiling price by the government is seen as a positive development for chicken producers once the supply and demand for poultry reaches an equilibrium. 'However, this equilibrium has been impacted by the weather, which impacts poultry output and import of poultry products from neighbouring countries.' With the expected recovery in the demand and the company's synergistic partnership with Tyson International Holding Co, MFM said it is optimistic of its outlook for 2025 and beyond.
The Star
21-05-2025
- Business
- The Star
Malayan Flour Mills sees opportunities and challenges with geopolitical uncertainy
PETALING JAYA: Malayan Flour Mills Bhd (MFM) believes that the changing geopolitical scene is a dynamic phenomenon that presents both opportunities and challenges for nations around the world. In a filing with Bursa Malaysia, the flour milling company said despite these challenges, it expects to be profitable for the financial year ending 2025. For the first quarter ended March 31, 2025 (1Q25), MFM's net profit dipped to RM33.09mil from RM37.9mil in the previous corresponding quarter, due to lower profits from the flour and grain trading segment and others segment. Revenue in 1Q25 rose to RM799.29mil from RM751.60mil a year earlier, mainly contributed by higher sales volume from the flour and grain trading segment, amidst lower selling price. Going forward, the company said commodity prices of wheat and grain remain volatile and continue to be impacted by the persisting uncertainties in macroeconomic and geopolitical considerations. 'The company will continue to monitor the impact of commodity prices arising from the global supply and demand dynamics and adjust selling prices accordingly and to diversify the sources of wheat, corn and soybean meal.' Globally, MFM said the poultry industry is adversely impacted by highly Pathogenic Avian Influenza outbreaks, resulting in disruptions in the global supply of grandparent day-old-chicks (DOCs), parent stock DOCs and commercial DOCs. 'Locally, the uplifting of chicken subsidy and ceiling price by the government is seen as a positive development for chicken producers once the supply and demand for poultry reaches an equilibrium. 'However, this equilibrium has been impacted by the weather, which impacts poultry output and import of poultry products from neighbouring countries.' With the expected recovery in the demand and the company's synergistic partnership with Tyson International Holding Co, MFM said it is optimistic of its outlook for 2025 and beyond.
The Star
15-05-2025
- Business
- The Star
Trading ideas: MN Holdings, VSTECS, Sunway REIT, Steel Hawk, Sapura Energy, Yinson
KUALA LUMPUR: Stocks likely to draw trading interest today due to their latest developments include MN Holdings Bhd , Vstecs Bhd , Sunway Real Estate Investment Trust (Sunway REIT), Steel Hawk Bhd , Sapura Energy Bhd , and Yinson Holdings Bhd . Sunway REIT reported a 20% increase in net property income (NPI), rising to RM157.2mil in the first quarter ended March 31, 2025 (1Q25) from RM130.5mil in 1Q24. It recorded a 23% year-on-year increase in revenue to RM218.9mil for 1Q25, compared to RM178.6mil in the year-ago quarter. MN's wholly owned subsidiary, Mutu Nusantara Sdn Bhd, has secured a RM37.9mil contract from a customer providing civil engineering and electrical works. Steel Hawk reported a net profit of RM8.2mil in the first quarter ended March 31 (1Q25), more than double the amount from the previous year. Revenue surged over 2.5 times to RM52.5mil. Sapura Energy is finalising a regularisation plan to exit its PN17 status, which includes a RM1.1bil fund-raising initiative, debt restructuring, and capital reconstruction. The plan aims to improve the company's financial and operational standing, with a focus on long-term sustainability and profitability. In 1Q25, VSTECS' net profit rose 24% to RM17.7mil, or earnings per share of 5.00 sen compared with RM14.3mil, or 4.00 sen in the year-ago quarter. Revenue for the quarter rose to RM691.7mil against RM616.4mil. Yinson has set the issue price for its dividend reinvestment plan shares at RM2.29, a 19.3% premium to the ex-dividend VWAP. The company also declared a final single-tier dividend of one sen per share for the financial year ending January 31, 2025.
The Star
14-05-2025
- Business
- The Star
MN Holdings wins RM37.9mil waste-to-energy project
KUALA LUMPUR: MN Holdings Bhd 's wholly owned subsidiary, Mutu Nusantara Sdn Bhd, has secured a RM37.9mil contract from a customer providing civil engineering and electrical works. The infrastructure utilities construction and engineering solutions specialist said that the company was unable to disclose the customer's identity due to a non-disclosure agreement. In a filing with Bursa Malaysia, MN said that the contract covers the design, engineering, procurement, construction, installation, testing, and commissioning (EPCC) of the waste-to-energy interconnection facility's transmission lines located in the central region of Peninsular Malaysia. The contract will take effect from May 14, 2025, and is expected to be completed by March 31, 2027. MN expects the contract to contribute positively to its future earnings and net assets per share upon commencement of the project.
