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The Sun
29-05-2025
- Business
- The Sun
Resintech FY25 profit doubles to RM17m on strong pipe system demand
KUALA LUMPUR: Resintech Bhd, a leading manufacturer of plastic pipes, water tanks, and fittings, announced strong financial performance for its financial year ended March 31, 2025 (FY25). The group's revenue increased by 17.94% year-on-year (YoY) to RM125.07 million from RM106.04 million in the previous year, driven primarily by robust demand for its pipe systems and strategic revenue streams, including rental and provision of labour and maintenance services. Profit before tax (PBT) surged 107.98% YoY to RM17.02 million from RM8.18 million in FY24, underpinned by operational efficiencies, improved margins, and a fair value gain of RM5.29 million from investment properties, compared to a fair value loss of RM0.28 million in the previous year. The group's profit after tax and minority interests (PATAMI) increased significantly to RM11.30 million, representing a 87.73% increase from RM6.02 million recorded last year, demonstrating the successful execution of Resintech's strategic initiatives and effective cost management. For the fourth quarter (Q4) of FY25, Resintech reported revenue of RM29.33 million, an increase of 8.94% year-over-year (YoY) from RM26.92 million in Q4 FY24. Profit before tax in Q4 increased significantly to RM7.39 million from RM2.71 million year-over-year (YoY), driven by operational improvements and a substantial fair value gain on investment properties. Commenting on the strong financial results, Resintech managing director Datuk Dr Teh Kim Poo said the robust financial performance achieved this fiscal year reflects the team's consistent efforts in driving operational excellence and strategic growth initiatives. 'The sustained demand for our core plastic pipe systems, coupled with gains from strategic asset management, has considerably strengthened our profitability,' he said in a statement. Resintech continues to strengthen its market leadership, particularly in the thriving water infrastructure and pipe systems segments. The recent strategic initiatives, including significant capital investments in blow moulding machinery for East Malaysia markets, are expected to positively impact the group's topline and bottom line in the upcoming financial year. 'While we remain vigilant regarding the challenges posed by currency fluctuations and rising operational costs, our strategic investments, combined with steady market demand, position Resintech favourably for continued growth. 'Barring unforeseen circumstances, we expect our performance trajectory to remain positive,' Teh said.
Barnama
25-04-2025
- Business
- Barnama
Melaka Must Prepare For Global Economic Challenges
MELAKA, April 25 (Bernama) -- Melaka must be prepared for the challenges posed by global economic imbalances, particularly following the announcement of new tariffs imposed by the United States on all countries, as well as the increase in import duties on goods and services. Governor Tun Dr Mohd Ali Mohd Rustam said that this preparation is crucial to ensure the continued growth of Melaka's economy in alignment with both the Malaysian and global economies. 'I hope that this state can face these economic challenges with full determination, strategic planning, and foster strong cooperation between the state and the federal governments, as well as at the community levels,' he said in his address when opening the First Meeting of the Fourth Term of the 15th Melaka State Assembly at Seri Negeri today. The current state assembly sitting will take place over three days, from today until April 29. Tun Mohd Ali also emphasised the importance for the state government to maintain he current momentum, given that Melaka has recorded an impressive investment value of RM8.18 billion in 2024. 'This success is a clear indicator that Melaka is gaining trust as a strategic investment destination, offering vast potential, good infrastructure, and a business-friendly environment for investors,' he said. As such, the Governor said the state government should intensify efforts to attract more high-quality, impactful investments that align with environmental sustainability and create additional job opportunities, particularly for the people of Melaka. He also highlighted the importance of providing appropriate training opportunities for local entrepreneurs, as well as encouraging the use of digital platforms to expand market reach and grow their businesses in line with the rapid technological advancements. Tun Mohd Ali also expressed hope that the state government would ensure that all development projects include comprehensive telecommunications infrastructure, digitalisation, and necessary hardware right from the planning stage.
