Declaring dividends

- A + A KUALA LUMPUR (Aug 9): KLCC Stapled Group's net profit for the second quarter ended June 30, 2022 (2QFY22) rose 14.69% to RM165.18 million, from RM144.01 million a year ago, as revenue grew 25% to RM350.31 million from RM280.17 million. The group declared interim dividends comprising 0.99 sen and 7.01 sen relating to KLCC Property Holdings Bhd and KLCC REIT respectively for 2QFY22, totalling eight sen per stapled security, to be payable on Sept 28. These brought KLCC Stapled Group's total income distribution to 16 sen for the first half of FY22. The group said in a Bursa Malaysia filing on Tuesday (Aug 9) that the improved year-on-year performance was mainly due to a better performance of its retail segment, driven by lower rental assistance and higher advertising income. In a separate statement, it stated that Suria KLCC and the retail podium of Menara 3 Petronas, which represent the retail segment, saw a 46.4% increase in revenue to RM125.2 million. The … [Read more...] about KLCC Stapled Group’s 2Q net profit rises 15% to RM165 mil, declares eight sen dividends

- A + A KUALA LUMPUR (Aug 9): Texchem Resources Bhd saw its net profit jump about 16 times to RM6.73 million in the second quarter ended June 30, 2022 (2QFY22) from RM424,000 a year earlier, thanks to recovery of restaurant division amid the country’s transition to endemicity, as well as the reopening of international borders. Earnings per share (EPS) increased to 5.70 sen from 0.35 sen the prior year, the Sushi King owner and operator told Bursa Malaysia on Tuesday (Aug 9). Besides owning and operating the Sushi King chain of restaurants, Texchem’s other main businesses include industrial, food and polymer engineering. Quarterly revenue in 2QFY22 rose 15.42% to RM301.46 million from RM261.19 million in 2QFY21, as revenue from the restaurant division rose to RM72.9 million from RM40 million. Exluding the share-based payments of RM400,000, the restaurant division achieved a profit before tax (PBT) of RM3.2 million — a turnaround from a loss before tax (LBT) of … [Read more...] about Texchem’s 2Q net profit jumps 16 times to RM6.73m, declares eight sen dividend

- A + A KUALA LUMPUR (Aug 9): Here is a brief look at some corporate announcements and news flow on Tuesday (Aug 9), which include Hartalega Holdings Bhd, KLCCP Stapled Group Bhd, Texchem Resources Bhd, Leong Hup International Bhd, Serba Dinamik Holdings Bhd, ILB Group Bhd, Green Packet Bhd, G3 Global Bhd, Nestcon Bhd and Gabungan AQRS Bhd. Hartalega Holdings Bhd 's first quarter net profit slumped to RM88.28 million from RM2.26 billion a year earlier, as the rubber glove manufacturer's revenue dropped significantly, at a time when glove average selling price (ASP) and sales volume declined after rising to a record high during the crucial period of the Covid-19 outbreak, which began in early 2020. Hartalega said revenue dropped to RM845.67 million in the first quarter ended June 30, 2022, from RM3.9 billion a year earlier. KLCC Stapled Group Bhd 's net profit for the second quarter ended June 30, 2022 (2QFY22) rose 14.69% to RM165.18 million, from RM144.01 … [Read more...] about Hartalega, KLCCP Stapled, Texchem Resources, Leong Hup, Serba Dinamik, ILB, Green Packet, G3 Global, Nestcon and Gabungan AQRS