Latest news with #RM4.65
New Straits Times
26-05-2025
- Business
- New Straits Times
AmBank posts 7.1pct higher net profit to RM2.0bil for FY25, paying 30.2 sen dividend
KUALA LUMPUR: AMMB Holdings Bhd (AmBank Group) closed its financial year ended March 31 2025 (FY25) with a 7.1 per cent net profit growth year-on-year to RM2.0 billion from RM1.87 billion previously. This was on the back of a higher net income of RM4.93 billion from RM4.65 billion in FY24, said AmBank Group in a statement today. The group posted a net profit of RM513.93 million in the final quarter, up from RM476.54 million a year ago. Its revenue during the fourth quarter (Q4) rose to RM1.28 billion from RM1.17 billion in Q4FY24, while earnings per share climbed to 15.55 sen from 14.41 sen previously. AmBank Group chief executive officer Jamie Ling said: "We are pleased to report a strong close to the first year of our WT29 strategy. "With our capital position solid, we increased our total cash dividend to RM1.0 billion. This reflects our confidence as we continue to build our businesses from a position of strength," he added. The group proposed a final dividend of 19.9 sen per share for the fourth quarter (Q4) of FY25. Together with the interim dividend of 10.3 sen per share declared in Q2, total dividends for FY25 amounted to 30.2 sen per share, up 34 per cent YoY with a dividend payout ratio of 50 per cent AmBank's net interest income grew 8.0 per cent YoY to RM3.57 billion, with a 15-basis point expansion in net interest margin to 1.94 per cent. Its non-interest income grew 1.3 per cent YoY to RM1.36 billion with continuing operations income up 5.3 per cent YoY. AmBank said a broad-based growth in fee income was achieved across business banking, retail wealth management, funds, stockbroking, private banking and equity capital markets and from insurance. This was partially offset by lower trading gains from group treasury and markets. The group's total gross loans, advances and financing grew 3.5 per cent YoY to RM138.9 billion (FY24: RM134.1 billion) mainly driven by business banking (up RM5.4 billion or 12.4 per cent YoY) and wholesale banking (up RM1.3 billion or 6.8 per cent YoY). This was partially offset by lower loans growth in retail banking (down RM1.4 billion or 2.1 per cent YoY). Its total customer deposits fell 0.6 per cent YoY to RM141.5 billion, while total expenses increased 7.1 per cent YoY to RM2.2 billion, with cost-to-income ratio of 44.6 per cent. The group's net impairment charges dropped to RM143.9 million (FY24: RM769.7 million), on the back of improved expected credit loss calculations for loans classified as Stage 3 (or ECL S3) flow rates and writeback of forward-looking provision. In the corresponding period in FY24, forward looking charges as well as a one-off credit impairment overlay and intangible assets impairment charges were recorded. That year, the group recorded a one-off charge of RM520.2 million (RM402.5 million, net of corporate tax) comprising additional credit impairment overlay of RM328.2 million, impairment of intangible assets of RM111.9 million and RM80.0 million for restructuring expenses. On its prospects, Ling said the geopolitical tensions have heightened following the US reciprocal tariffs. This has caused significant volatilities in the financial markets globally. While trade negotiations are ongoing between the US and other nations, it remains uncertain how quickly these negotiations can be concluded, he added. "Coupled with new conflicts emerging in South Asia, these combined uncertainties will inevitably impact business and consumer confidence, translating into potentially slower economic growth. "Against this economic backdrop, the group will continue to proactively manage our risk profiles and capitalise on the opportunities we see," Ling said.
The Star
22-05-2025
- Business
- The Star
Petron Malaysia posts higher net profit of RM81mil in 1Q
KUALA LUMPUR: Petron Malaysia Refining and Marketing Bhd posted a higher net profit of RM81.03 million in the first quarter (1Q) ended March 31, 2025, compared to RM69.71 million in the same period last year. The company said its higher net profit was driven by better production and efficiency at the Port Dickson refinery, cost-effective sourcing from Petron Singapore Trading Pte Ltd, and strong hedging strategies. However, revenue dropped to RM3.67 billion in 1Q 2025, compared to RM4.65 billion in the same period last year, driven by lower sales volume and prices. "Despite the drop in revenue, gross profit rate improved to 4.5 per cent from 3.9 per cent last year, as the impact of weaker refining cracks were mitigated by the various process efficiencies implemented across the company, closing the period with an operating income of RM115.34 million," it said in a stock exchange filing. On its prospects, Petron Malaysia said the company remains committed to pursuing sustainable growth through its continued retail network expansion, as well as plant and terminal facilities, and process improvement programmes. The group now has 810 service stations operating across Malaysia, including the recently opened stations such as the northbound Petron Mambau in Negeri Sembilan, which is the first station certified by GreenRE in the silver category. "This station will serve as Petron's model for building more environment-friendly service stations in the future. It would underscore the company's commitment to sustainable and efficient operation, while enhancing customer experience through innovative, convenient, and environmentally responsible programmes," it said. - Bernama
New Straits Times
17-05-2025
- Entertainment
- New Straits Times
#SHOWBIZ: Fattah Amin sympathises with ex-wife Fazura over debt claims
KUALA LUMPUR: Actor Fattah Amin has declined to comment on allegations that his former wife, Nur Fazura's company, owes RM4.65 million to a headscarf manufacturing factory. Fattah, whose full name is Abdul Fattah Mohd Amin, instead expressed his sympathy and well wishes for Fazura. He added that he hoped things would be made easier for Nur Fatima Aisya's mother. "I wouldn't presume to comment, but having heard this news, I do feel sympathy and wish her all the best," he told BH Online. "I can't really comment much as it's a personal matter. You see, we never know when we might face our own trials. When we do, we wouldn't want others talking nonsense without knowing the full story. "As outsiders, the best we can do is offer our prayers and hope things are resolved smoothly. It's not just anyone; she is the mother of my child, so I naturally pray for the best," he said. Fattah mentioned that he was unaware of the news before it was reported in the local media. "I only found out when the news broke; I genuinely had no prior knowledge of this," he said. Previously, news outlets reported that the popular actress and businesswoman's company was allegedly in debt to the tune of RM4.65 million to the headscarf manufacturer, Obor Holding Sdn Bhd. It's understood that the manufacturing firm has initiated legal action following Pink Fate Sdn Bhd's alleged lack of cooperation. Fazura is widely known as a co-founder of Pink Fate Sdn Bhd. Obor Holding Sdn Bhd, which owns the Feline Malaysia factory, claims to have supplied Pink Fate Sdn Bhd with headscarves valued at RM7.3 million since June 2022. However, they allege that Pink Fate has only paid RM2,680,167.90, leaving a balance of RM4.65 million outstanding to Feline. Obor Holding also stated that they began experiencing difficulties in receiving payments from December 2023. As of now, Fazura has not released any statement regarding this matter.
Rakyat Post
14-05-2025
- Business
- Rakyat Post
Fazura, Brother Finally 'Break Silence' – Will Appear In Court Regarding Hijab Supplier's RM4.65 Million Debt Claim
Subscribe to our FREE Since news broke that celebrity Nur Fazura Sharifuddin has been named in a lawsuit by a hijab supplier over unpaid debt, she has kept mum and not addressed the allegation. Fazura has been active on her social media, even hosting a live session on TikTok to sell her hijab line in conjunction with Teacher's Day. She has however chosen not to answer any questions publicly regarding the RM4.65 million debt owed by Tudung Fazura to supplier Obor Holding. In the latest update on the case, we have been made to understand that Fazura, named as the fourth defendant in the lawsuit, and her brother Ahmad Faiz Sharifuddin, named as the third defendant have engaged the services of legal firm Low and Partners. On behalf of their clients, the law firm responded to Obor Holding's lawsuit to inform that they have filed a memorandum of appearance at the Kuala Lumpur High Court for both. There is no information on when the case is due for mention. We previously reported that according to a statement of claim we sighted, Obor Holding Sdn Bhd, owner of Feline Malaysia, alleged that Pink Fate Sdn Bhd—commonly known to be co-founded by Fazura—was supplied with headscarves worth RM7,330,197.04 since June 2022. READ MORE: However, Pink Fate has only paid RM2,680,167.90, leaving an outstanding balance of RM4.65 million owed to Feline. Obor Holding also claimed it has faced increasing difficulty collecting payments since December 2023. In the lawsuit, Pink Fate was named as the first defendant and Fazfit Sdn Bhd as the second defendant. The statement of claim added that although Faiz later handed over a cheque co-signed with Fazura worth RM1 million on 3 September 2024, Obor Holding was unable to cash it—the cheque bounced, and they received a Return Cheque Advice notice from the bank. Obor Holding further clarified that all these transactions occurred while Fazura was still a director, before she stepped down from her role at Pink Fate in January 2025. However, her brother Faiz remains a director. Fazura's fans show support Even as she battles the claim, her TikTok live sale session last Friday was reportedly a sold out affair, according to Her fans have been showing their support for her by way of messages left on her Instagram posts. One user commented: ' Jom order ramai2 bantu Faz settlekan ni la fans kena ' Many others prayed for her to get through this tough time. Share your thoughts with us via TRP's . Get more stories like this to your inbox by signing up for our newsletter.
Free Malaysia Today
05-05-2025
- Business
- Free Malaysia Today
Tudung supplier sues actress Fazura, brother over RM4.65mil debt
According to the statement of claim, actress Nur Fazura Sharifuddin was a director in Pink Fate Sdn Bhd with her brother until her resignation on Jan 13 this year. (Bernama pic) PETALING JAYA : A tudung supplier is suing actress Nur Fazura Sharifuddin and her brother, Ahmad Faiz, for allegedly failing to pay RM4.65 million owed for tudung shipments. According to the statement of claim, the plaintiff, Obor Holding Sdn Bhd, claims Pink Fate Sdn Bhd, a company owned by Fazura and Faiz, has paid only RM2,680,167.90 for 33 tudung shipments worth a total of RM7,330,197.04. Fazura, Faiz and Pink Fate are listed as defendants, as well as Fazfit Sdn Bhd, a company owned by the siblings and in which Faiz is a director. Besides being a shareholder in Pink Fate, Fazura was also a director in the company with her brother until her resignation from the position on Jan 13 this year. '(Fazura's) resignation from (Pink Fate), demonstrating an apparent lack of concern for the management of (Pink Fate), suggests (Pink Fate) may face liquidation to enable the other defendants to evade liabilities,' read the statement of claim. Obor Holding claims its representatives first met Faiz in early 2022 at the Fazfit office in Kota Damansara, during which the latter expressed interest in engaging the plaintiff to fulfil a high-volume order for tudungs. 'During the meeting, Fazura was presented by Faiz as his sister who is also a prominent Malaysian celebrity, widely recognised for her established and successful business ventures under her renowned Fazura brand. 'Fazura's reputation as a public figure and entrepreneur was emphasised, portraying her as an influential and trusted individual in the business industry. 'They highlighted her celebrity status as a cornerstone of their financial strength and success, further asserting that their ventures were supported by collaborative projects with government authorities and other prominent business partners,' read the statement of claim. Utusan Malaysia quoted Obor Holding director Lim Boon Hai as saying his company filed their suit last month after failing to get a satisfactory response from the defendants. 'We have found it hard to claim the money from them since the end of 2023. 'Since the suit was filed, we have received no response from their companies until now. The last time we communicated with Fazura and the company management was at the end of 2024. 'It seems they have no intention of resolving this issue,' he said. Lim claimed Fazura had given him empty promises, as well as a cheque that bounced in September last year. 'Our company is in dire financial straits as a result of this, forcing us to take these steps to resolve the matter,' he said.
