15-05-2025
- Business
- New Straits Times
Dialog Group's Q3 net profit falls to RM134.96mil
KUALA LUMPUR: Dialog Group Bhd's net profit for the third quarter ended March 31, 2025 (3Q 2025), decreased to RM134.96 million as compared to RM156.16 million recorded in the same quarter last year.
Revenue fell to RM578.80 million from RM702.19 million previously, the group said in a filing with Bursa Malaysia today.
"The performance in the current quarter was driven by contributions from both Malaysia and International operations, as well as a share of profits from the group's joint ventures and associates," it said.
Within Malaysia, Dialog said the performance was driven primarily by midstream and upstream operations, where the midstream operation reported better results with increased earnings from higher tank storage occupancy and increased tariff rates at independent terminals, while the upstream operation continued to deliver strong production volume from its assets.
"The revenue and profits contribution for the current financial quarter were, however, reduced slightly, compared to the same period last year, due to lower realised oil prices," it said.
On the international front, Dialog said the revenue and profits achieved in the current financial quarter were lower compared to the corresponding quarter in the previous financial year due to reduced business activities.
Meanwhile, in a separate filing, Dialog has announced a payment of an interim cash dividend of 1.30 sen per ordinary share held in the company in respect of the financial year ending June 30, 2025, to be paid on June 26, 2025.
