Latest news with #RM81
New Straits Times
23-05-2025
- New Straits Times
Perlis treasury assistant accountant fined RM42,000 for CBT
KANGAR: An assistant accountant at the Perlis Treasury Office was fined RM42,000 by the Sessions Court here today after pleading guilty to seven out of 13 charges of criminal breach of trust (CBT) involving state government funds totalling RM81,585.04, committed between June 2018 and September 2019. Mohd Reimi Ismail, 46, had initially pleaded not guilty during the first proceedings on July 26 last year but changed his plea for seven of the 13 alternative charges read before Judge Datuk Nu'aman Mahmud Zuhudi. Mohd Reimi was accused of knowingly receiving stolen property, namely RM81,585.04, belonging to the Perlis State Treasury Office. The funds were deposited into third-party accounts belonging to his friend, Che Fariz Izani Che Ya, and his mother-in-law, Norain Salleh. Prior to that, the accused had altered the intended recipient account numbers to those of the third parties, fully aware that the money was stolen. As such, he was found to have committed the offence under Section 411 of the Penal Code. The prosecution was led by Deputy Public Prosecutor Maziah Mohaide of the Malaysian Anti-Corruption Commission (MACC), while the accused was represented by counsel Syed Muhammad Anwar Syed Lokman Hakim. The court imposed a fine of RM42,000, with an alternative sentence of 29 months' imprisonment in the event of non-payment. The remaining six charges were taken into consideration under Section 171A of the Criminal Procedure Code.
New Straits Times
14-05-2025
- New Straits Times
Police seize over RM158,000 in drugs, arrest 2 men
BUKIT MERTAJAM: Police have dismantled a drug distribution syndicate by seizing 51,180g of cannabis, valued at RM158,658, along with two local men in Perai last Saturday. Seberang Prai Tengah police chief Assistant Commissioner Helmi Aris said that, acting on information and intelligence, a team from the Bukit Aman Narcotics Crime Investigation Department (JSJN) apprehended a car carrying two men, aged 45 and 59. "Upon inspecting the vehicle, police found 50 packets of compressed plastic wrap containing dry leaves suspected to be cannabis, weighing 51,180g, with a street value of RM158,658. "This amount is sufficient for 102,360 drug users," he said in a statement this evening. Helmi said that urine tests found both suspects negative for drugs but each had a criminal record related to drugs and crime. He also said that the police seized two cars worth RM81,000 believed to have been purchased from the proceeds of drug sales. "Both men will be remanded for seven days, until May 17, to assist investigations and the case is being investigated under Section 39B of the Dangerous Drugs Act 1952. – BERNAMA
BusinessToday
06-05-2025
- Business
- BusinessToday
Hartalega's FY2024 Profit Jumps 6-Folds To RM72 Million
For the current quarter ended 31 March 2025 (Q4FY25), rubber glove maker Hartalega reported revenue of RM612 million, an increase of RM81 million or 15% compared to the preceding year (Q4FY24). The notable revenue growth was primarily driven by an increase in sales volume of 9% and the strengthening of average selling price (ASP) of 6%. The Group recorded an operating profit of RM9.6 million during the quarter, recovering from an operating loss of RM12.5 million in Q4FY24. This improvement was primarily driven by the higher sales volume and improved operating margin underpinned by an increase in average selling price (ASP) and enhanced operational efficiencies. Despite the increase in operating profit, the Group has registered profit before tax of RM17.6 million, representing a slight decrease as compared to RM18.6 million during Q4FY24. The decline in profitability was mainly due to lower non-operating income recognised during the quarter, which negated the impact of revenue growth for the period. For the 12 months ended 31 March 2025 (12MFY25), the Group achieved revenue of RM2.6 billion, representing a significant increase of RM747 million or 41% compared to the previous financial year (12MFY24). The revenue growth was mainly driven by a 40% increase in sales volume for the year. Operating profit turned positive, at RM53 million compared to an operating loss of RM24 million in 12MFY24. PBT stood at RM48 million, reflecting a 24.7% improvement from RM38 million in 12MFY24. Profit after tax surged more than 6 fold to RM72 million compared to RM12 million recorded in the year before. Hartalega said the profitability improved marginally and was primarily attributable to the significant revenue growth and improved production efficiencies, offset by lower other operating income and adverse foreign exchange fluctuations during the year, which contributed to margin compression Related
