Latest news with #RM92.8mil
The Star
5 days ago
- Business
- The Star
RCE Capital posts solid 1Q26 performance
PETALING JAYA: RCE Capital Bhd believes that its commitment to maintaining asset quality by actively monitoring its portfolio and credit exposure is key to ensuring long-term sustainability of its business. To strengthen competitive positioning, the group said it would continue to implement omnichannel marketing initiatives for enhanced customer experience and market reach expansion. Releasing its results for the first quarter ended June 30 (1Q26) for the financial year ending March 2026 (FY26), RCE Capital saw net profit slide by 14.3% year-on-year to RM26mil, despite the marginal growth in revenue to RM79.8mil. The group said the slightly better revenue was due to higher fee income from increased disbursements, before adding that net profit declined after accounting for higher allowances for impairment loss on receivables. Compared to the previous quarter (4Q25), however, revenue fell by 14% from RM92.8mil, but net profit actually surged by 56.2% from RM16.6mil. RCE Capital attributed the lower quarterly revenue to lower fees and early settlement profit income, while crediting the better 1Q26 profit primarily to the absence of impairment of goodwill on consolidation, and lower allowances for impairment loss on receivables.
The Star
21-05-2025
- Business
- The Star
Pekat Group earnings soar to RM12mil in 1Q25
The solar photovoltaic specialist said revenue leapt to RM150.31mil during the quarter. PETALING JAYA: Pekat Group Bhd registered a record net profit of RM12.06mil in the first quarter of financial year 2025 (1Q25). It was more than triple the RM3.78mil posted in the year-ago quarter. The solar photovoltaic specialist said revenue leapt to RM150.31mil in the quarter under view from RM57.63mil in the comparative quarter, driven by strong growth across all business segments and major contract wins. Earnings per share for the quarter climbed to 1.87 sen from 0.59 sen in the previous corresponding quarter. Pekat's solar photovoltaics segment remained the largest contributor, recording RM92.8mil in revenue, a 153.2% increase year-on-year, supported by higher project execution across the commercial, industrial, and residential segments. Growth was also supported by ongoing work under the group's 29.99 MWac Corporate Green Power Programme project. It is expected to contribute to both recurring income and engineering, procurement, construction and commissioning revenue in the coming quarters. The power distribution equipment division via EPE Switchgear (M) Sdn Bhd, delivered a maiden contribution of RM27.9mil. Meanwhile, the earthing and lightning protection division posted RM16.2mil in revenue, up 79.4%, and the trading segment added RM13.4mil, a 12.2% improvement. As at March 31, 2025, Pekat's cash and bank balances rose to RM62.8mil. Total assets rose to RM481mil, up from RM433.2mil at end of financial year 2024. Trading ideas: Maybank, Velesto, Duopharma, IHH, Malakoff, EcoWorld, SCable, MBSB, Kimlun, Sapura Industral, Eversendai, SunCon, PetChem, Aeon, TSH, MyEG
The Star
20-05-2025
- Business
- The Star
Pekat earnings soar to RM12.06mil in 1Q
Pekat Group chief executive officer Tai Yee Chee KUALA LUMPUR: Pekat Group Bhd registered a record net profit of RM12.06mil in the first quarter of 2025, which was more than triple RM3.78mil posted in the year-ago quarter. The solar photovoltaics specialist said revenue leapt to RM150.31mil in the quarter under view from RM57.63mil in the comparative quarter, driven by strong growth across all business segments and major contract wins. Earnings per share for the quarter climbed to 1.87 sen from 0.59 sen in the previous corresponding quarter. Pekat's solar photovoltaics segment remained the largest contributor, recording RM92.8mil in revenue, a 153.2% increase year-on-year, supported by higher project execution across the commercial, industrial, and residential segments. Growth was also supported by ongoing work under the Group's 29.99 MWac Corporate Green Power Programme (CGPP) project, which will contribute to both recurring income and EPCC revenue in the coming quarters. The power distribution equipment division via EPE Switchgear (M) Sdn Bhd, delivered a maiden contribution of RM27.9mil. Meanwhile, the earthing and lightning protection (ELP) division posted RM16.2mil in revenue, up 79.4%, and the trading segment added RM13.4mil, a 12.2% improvement. As at March 31, 2025, Pekat's cash and bank balances rose to RM62.8mil. Total assets rose to RM481mil, up from RM433.2mil at end-FY24. Trading ideas: Maybank, KAB, Ibraco, PeterLabs, MCE, Euro, MFM, Johor Plantations, Taliworks, Keyfield, George Kent
