30-05-2025
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
