Latest news with #RM54.54
The Star
30-05-2025
- Business
- The Star
AME Elite's net profit slips to RM92.08mil in FY25
KUALA LUMPUR: AME Elite Consortium Bhd reported a net profit of RM92.08 million for the financial year ended March 31, 2025 (FY2025), down slightly from RM93.10 million in the preceding year. The construction and property group said the lower profit is mainly attributed to reduced contributions from its property development segment and a higher share of losses from equity-accounted joint ventures. In contrast, the previous year had benefited from a higher fair value gain on investment properties, it said in a filing with Bursa Malaysia today. Meanwhile, revenue fell 15 per cent to RM608.57 million from RM716.87 million due to lower property development income. "This was partially offset by the increase in construction services revenue of RM54.54 million, engineering services revenue of RM10.83 million and rental, service income and sale of goods of RM8.45 million,' the group said in the filing. For the fourth quarter ended March 31, 2025, AME Elite reported a higher net profit of RM36.54 million compared to RM26.08 million a year ago, while revenue increased by 36 per cent to RM115.63 million versus RM84.82 million previously. The board of directors has declared an interim dividend of 3.0 sen per share in respect of the FY2025, which will be payable on July 4, 2025, to shareholders whose names appear in the record of depositors of the company at the close of business on June 20, 2025. On prospects, AME Elite said the industrial property sector in Johor is expected to remain active, supported by upcoming infrastructure developments such as the Johor Bahru-Singapore Rapid Transit System, the potential revival of the Kuala Lumpur-Singapore High-Speed Rail, and the establishment of the Johor-Singapore Special Economic Zone. These initiatives are anticipated to attract both domestic and foreign direct investments. "Given these strategic developments and ongoing initiatives, we expect the group to deliver a satisfactory financial performance for FY2026,' it added. - Bernama
Borneo Post
27-05-2025
- Business
- Borneo Post
Abd Karim: Sarawak on track for 5 mln visitors, RM12.73 bln tourism receipts in 2025
Abdul Karim shows the texts of his ministerial winding up speeches. – Photo by Roystein Emmor KUCHING (May 27): Sarawak is on track to achieve its target of 5 million visitors, generating an estimated RM12.73 billion in tourism receipts for 2025, said Tourism, Creative Industry and Performing Arts Minister Dato Sri Abdul Karim Rahman Hamzah. He said that this is in view of the arrival of more than 1.6 million visitors recorded between January and April this year. 'Asean is our key tourism market, with Brunei Darussalam contributing the largest share of visitor arrivals, accounting for 1,891,314 visitors (39.1 per cent), followed by Indonesia with 653,883 visitors (13.5 per cent). 'Singapore and the Philippines contributed 1.2 per cent (59,793 visitors) and one per cent (46,853 visitors) respectively, while China has become a significant contributor with 1.5 per cent (74,721 visitors),' he said when delivering his ministerial winding up speech during the State Legislative Assembly (DUN) sitting today. Abdul Karim said from January to April 2025, Sarawak continued to receive a large number of visitors from Brunei Darussalam (514,015) and Indonesia (236,054). Additionally, China (24,865), Singapore (18,637) and The Philippines (14,482) remain among the top five contributors. Regarding tourism receipts, he said Sarawak achieved RM4.07 billion from January to April this year. 'In 2024, Sarawak's tourism receipts were RM12.45 billion compared to RM9.99 billion in 2023,' he said. Abdul Karim further highlighted that the major contributors to the state's gross domestic product (GDP) are the services sector, comprising of sub-sectors like tourism, utilities, transportation, information and communication, finance and insurance, real estate, and business service. 'In 2024, the services sector contributed RM58.21 billion or 39 per cent of the economy, compared to RM54.54 billion in 2023. 'Out of this, the tourism sector's contribution to the services sector was 21 per cent,' he said. 2025 Abdul Karim Rahman Hamzah lead target tourism receipts visitors
