Latest news with #RM626
The Sun
5 days ago
- The Sun
Kelantan JKDM seizes RM600k chewing tobacco in smuggling bust
PASIR MAS: The Kelantan branch of the Royal Malaysian Customs Department (JKDM) intercepted a large-scale smuggling operation involving chewing tobacco valued at over RM626,000, including unpaid taxes. The raid took place in Kampung Kukang, Kadok near Kota Bharu, targeting illegal distribution of various tobacco brands. Wan Jamal Abdul Salam Wan Long, director of Kelantan JKDM, confirmed the seizure of six vehicles during the early morning operation on Aug 4. The confiscated items included a three-tonne Isuzu lorry and five Pajero four-wheel-drive vehicles loaded with 122 boxes of chewing tobacco. Authorities estimated the tobacco weighed 2,587.5 kg and was suspected to have entered Malaysia illegally via border 'rat lanes.' The total value of the seized goods, including vehicles, reached RM474,512.50, with unpaid taxes amounting to RM151,536.93. Investigations revealed the smuggled tobacco was likely destined for the Klang Valley market, catering to local consumers and migrant workers from Myanmar, Nepal, and Bangladesh. A 29-year-old lorry driver was arrested under Section 135(1)(e) of the Customs Act 1967 to assist in the probe. Offenders convicted under this law face fines of at least 10 times the customs duty or RM100,000, whichever is higher, and possible imprisonment. Wan Jamal urged the public to report smuggling activities via the Customs toll-free line at 1-800-88-8855 or the nearest Customs office, with guaranteed confidentiality. He warned that smuggling not only deprives the government of revenue but also endangers public safety and well-being. - Bernama
Barnama
5 days ago
- Barnama
Kelantan JKDM Seizes Chewing Tobacco Worth Over RM600,000 Including Taxes
PASIR MAS, Aug 14 (Bernama) -- The Kelantan branch of the Royal Malaysian Customs Department (JKDM) thwarted an attempt to distribute various brands of chewing tobacco worth over RM626,000 including taxes in an operation at Kampung Kukang, Kadok near Kota Bharu recently. Its director, Wan Jamal Abdul Salam Wan Long said that in a raid at approximately 4.30 am on Aug 4, a JKDM team from the Rantau Panjang enforcement branch, in collaboration with the Eastern Intelligence Zone through 'Operation Macan Legit II', seized six vehicles: a three-tonne Isuzu lorry and five Pajero four-wheel-drive vehicles. "The inspection of these vehicles found 122 boxes of chewing tobacco, weighing 2,587.5 kilogrammes (kg), believed to have been illegally imported through 'rat lanes' at the border," he told reporters here today. The value of the chewing tobacco seizure is estimated at RM59,512.50, while the total value of the seizure, including vehicles, amounted to RM474,512.50, with total taxes involved at RM151,536.93," he told reporters at a press conference here today. He said all the goods were believed to be for the Klang Valley market, specifically for use by local consumers and workers from Myanmar, Nepal and Bangladesh. He said a 29-year-old man, the lorry driver, was also arrested to assist in the investigation under Section 135(1)(e) of the Customs Act 1967. "If offenders are found guilty, they can be fined not less than 10 times the amount of the Customs duty or RM100,000, whichever is greater, and not exceeding 20 times the amount of the Customs duty or RM500,000, or imprisonment for a term of between six months and five years, or both," he also said. Wan Jamal Abdul Salam also urged the public to provide information regarding any smuggling activities through the Customs toll-free line at 1-800-88-8855 or the nearest Customs office, with the assurance that the informant's identity will be kept confidential. "Smuggling not only causes a loss of state revenue but can also threaten the safety and well-being of the people," he added.
Sinar Daily
08-08-2025
- Business
- Sinar Daily
SD Guthrie achieves strong first half with RM1.07 billion net profit
SHAH ALAM - SD Guthrie Berhad delivered a strong performance for the first half of FY2025, reporting a net profit of RM1.07 billion, a 71 per cent year-on-year (YoY) increase from RM626 million in the same period last year. For the second quarter alone, net profit rose 22 per cent to RM505 million. The Group's outstanding results were largely driven by its Upstream segment, which saw profits double on the back of stronger average realised prices for crude palm oil (CPO) and palm kernel (PK), up three per cent and 50 per cent YoY respectively. Fresh fruit bunch (FFB) production also rose by four per cent, with growth recorded across all regions. In contrast, the Downstream segment, SD Guthrie International (SDGI), recorded a 44 per cent decline in profit before interest and tax (PBIT) in 2Q FY2025, impacted by weaker demand and tighter margins in Asia Pacific and Europe. However, its Oceania operations achieved solid performance, supported by higher sales and improved margins. SD Guthrie stays focused on long-term growth. Following a strong first half, SD Guthrie is staying focused on long-term growth despite global uncertainties. Its chairman, Tan Sri Dr Nik Norzrul Thani, said that continued progress in the Group's operational excellence, as well as growing momentum in its new Industrial Development and Renewables segments, will help future-proof the business. 'Moving into second half of FY2025, the global economic and operating environment remains volatile and unpredictable. As such, the meaningful progress made in our operational excellence initiatives, and the steady uptick in activities within the new Industrial Development segment and continuous progress made in the Renewables sector, will help to future proof the Group. "I am pleased with Guthrie's momentum and am confident that our disciplined approach to driving measurable results will deliver long-term and sustainable value to shareholders,' he said in a statement. Meanwhile, Group Managing Director Datuk Mohamad Helmy Othman Basha said that the Group's solid results reflect the strength of its strategy and execution. As Guthrie expands into new growth areas, including national development-linked projects, it remains committed to responsible collaboration. 'The Group's performance in this period bears testament to our robust strategy and disciplined execution, as we continue to prioritise operational excellence. Even as our core business segments regain momentum, the new and expanded strategic focus to pursue broader growth initiatives is starting to take shape. "As we expand into our new pillars on the back of the national development agenda, we are committed to ensuring the collaborations on our land are well-strategised and take into consideration the development potential of the area and also the impact to surrounding communities. "The recent Memorandum of Understanding (MoU) with Permodalan Negeri Selangor Berhad (PNSB) to co-develop a Food Security and Edu-Tech Hub on Carey Island is a prime example of our commitment. "Here the focus is not only to stimulate economic growth on the island, but also to ensure the existing community and rich heritage are protected. Guthrie values opportunities to be involved in such meaningful developments,' he said. SD Guthrie is committed to responsible collaboration. After a strong first half of 2025, SD Guthrie is preparing for a more uncertain second half. The Group expects higher fresh fruit bunch (FFB) production, thanks to better weather and improved productivity across its plantations in Malaysia, Indonesia, Papua New Guinea, and the Solomon Islands. With new business areas gaining momentum, SD Guthrie is confident it can stay strong and grow, even as market conditions remain challenging.
New Straits Times
07-08-2025
- Business
- New Straits Times
SD Guthrie posts 71pct higher net profit to RM1.07bil in first six months
KUALA LUMPUR: SD Guthrie Bhd posted a 71 per cent year-on-year (YoY) increase in net profit to RM1.07 billion for the first half of 2025, up from RM626 million in the same period last year. Group managing director Datuk Mohamad Helmy Othman Basha said the strong performance was largely driven by its upstream operations, which saw profits more than double, supported by higher crude palm oil (CPO) and palm kernel (PK) prices. CPO prices rose three per cent YoY to RM4,146 per tonne, while PK prices surged 50 per cent to RM3,247 per tonne, he said at a press conference on SD Guthrie's latest interim results here today. The group's fresh fruit bunch (FFB) production increased by four per cent across all segments. Helmy said CPO prices are expected to remain around RM4,000 per tonne for the rest of the year. For the second quarter ended June 30 2025 (Q2FY2025), chief financial officer Renaka Ramachandran reported a 22 per cent increase in net profit to RM505 million, compared to RM415 million in the same quarter last year. The group's revenue for the quarter rose 4.11 per cent to RM5.17 billion from RM4.97 billion previously. Its upstream operations continued to benefit from the favourable commodity prices and improved output, which underpinned the strong quarterly and half-yearly performance. For the downstream segment, SD Guthrie International (SDGI) saw a 44 per cent drop in profit before interest and tax (PBIT) to RM126 million in Q2FY2025, from RM225 million a year earlier and the segment was impacted by weaker demand and tighter margins across Asia Pacific and Europe. However, SDGI's Oceania operations delivered encouraging results, with higher sales volumes and margins contributing to commendable operating profits. The group advanced its industrial development efforts, including a strategic partnership with Permodalan Negeri Selangor Bhd to co-develop a food security and edu-tech hub on Carey Island. SD Guthrie expects palm oil prices to remain volatile as the industry enters its peak output cycle amid ongoing global uncertainties. Nevertheless, the group said improved weather conditions, better operating performance and continued progress in new business pillars are expected to support its growth trajectory. Helmy said by 2030, its two emerging business pillars namely industrial development and renewable energy (currently focused primarily on solar) are expected to contribute between RM700 million and RM800 million to its bottom line. This will represent close to 30 per cent of the group's overall earnings.
