Ramssol posts higher 2Q earnings
In a filing with Bursa Malaysia, the company said it is well-positioned to capitalise on the growth of the digital industry as it continues to evolve.
It added that it will focus on key areas of the digital industry value chain, potentially benefitting from newly secured projects in the local and Asian markets.
For the second quarter ended June 30, 2025, Ramssol's net profit increased to RM5.72mil from RM4.35mil a year ago, mainly due to projects with higher profit margins and the distributorship of human capital management licences.
Qaurterly revenue grew to RM24.93mil from RM17.31mil a year earlier.
For the six-month period, net profit surged to RM11.56mil from RM8.53mil, while revenue improved to RM43.05mil. Trading ideas: Bumi Armada, Zetrix, Kelington, Kim Hin, Hibiscus, Johor Plantations, Ajiya, Tex Cycle, Pekat, Kimlun, Jiankun, Rimbunan Sawit, Ramssol
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
12 minutes ago
- The Star
Lotte Chemical expects global business environment to remain volatile
PETALING JAYA: Lotte Chemical Titan Holding Bhd expects the global business environment to remain volatile in the near future. In a filing with Bursa Malaysia, the chemical company said the ongoing geopolitical tensions, such as the Russia-Ukraine war and unrest in the Middle East, continue to pose risks. For its second quarter ended June 30, 2025, Lotte's net loss narrowed to RM173.09mil from a net loss of RM248.89mil in the previous corresponding period, while revenue dipped to RM1.44bil from RM1.78bil a year earlier. Lotte said the lower losses were primarily attributable to margin improvement. 'The reduction in loss before tax was further contributed by the lower distribution and administrative expenses, along with a one-off insurance claim in respect of a business interruption that happened in the year 2022,' said the company. For the six-month period ending June 30, 2025, Lotte's net loss narrowed to RM298.76mil from RM426.91mil in the previous corresponding period, while revenue dipped to RM2.93bil from RM3.7bil previously.
The Sun
2 hours ago
- The Sun
South Korea to aid firms facing higher US tariffs amid trade deal
SEOUL: South Korea will prepare measures to help companies cope with higher U.S. tariffs and expand into new markets, the Finance Ministry said on Tuesday, as it kicked off a task force to prepare the new administration's economic policy plans. On the domestic front, the government will come up with measures to boost short-term demand, as well as financial support for mid- to long-term technology development to enhance market competitiveness, it said in a statement. South Korea reached a trade deal with the U.S. last week, just days before President Donald Trump's threatened 25% tariff rate was due to come in on its exports to the United States. The trade deal set tariffs on exports from the Asian country at 15%, still higher than a baseline 10% rate and the near zero tariffs for exports under a Korea-U.S. free trade agreement. Still, topics left unresolved by the deal provide scope for more disputes as the two countries prepare for a summit between Trump and new South Korean President Lee Jae Myung in the coming weeks. Trump may use the summit to try to squeeze more concessions on areas such as defence costs and corporate investments, left out of the deal, while non-tariff barriers and currency could prove thorny issues, experts said. South Korea's Finance Ministry, however, sought to give a positive spin on the agreement. The deal reduced uncertainty over the trade environment, while a $350 billion investment package included in the deal will provide new business opportunities for companies, deepen economic cooperation between the two countries, and contribute to a more stable supply chain, the ministry said. The administration of President Lee also plans to prepare policy measures to foster new industries, such as artificial intelligence, semiconductors and 'K-contents' and include them in economic growth strategies and budget plans due to be announced later this month. K-contents refers to a range of cultural and entertainment goods produced by the country ranging from K-pop to Korean dramas that have boomed globally. The ministry vowed to bring regulatory improvements to vitalise business activity, as it kicked off a meeting with the country's major business groups. Asia's fourth-largest economy grew in the second quarter at the fastest pace in more than a year on rebounding consumer spending and a surge in technology exports, but still faces headwinds from slowing global trade amid the sweeping tariffs. The International Monetary Fund last week raised its outlook for most advanced and emerging economies this year based on developments around U.S. tariff negotiations, but South Korea was among the exceptions, with its 2025 growth forecast revised down to 0.8% from 1.0%. - Reuters
BusinessToday
2 hours ago
- BusinessToday
Chinese Streaming Platform iQIYI Appoints Dinesh As Senior MD For Malaysia
Chinese streaming giant iQIYI has appointed Dinesh Ratnam as Senior Managing Director for Malaysia, Indonesia, and Singapore, marking a strategic homecoming for the seasoned media and tech executive. Ratnam is set to lead iQIYI's operations across the three high-growth Southeast Asian markets, with a mandate to drive subscriber growth, deepen local content investment, forge strategic partnerships, and elevate brand engagement with audiences who are increasingly turning to Chinese and Asian entertainment. This marks Ratnam's return to iQIYI, where he previously played a pivotal role in launching and establishing the company's footprint in Malaysia, Singapore, Indonesia and Brunei as the Country Manager of these countries. He later rose to the role of Senior Director for International Business before departing in 2023 to lead Warner Music Group's operations in Malaysia and Singapore as the Managing Director. Ratnam said, 'This feels like a true homecoming. 'iQIYI has grown significantly over the years with a strong catalogue of Chinese dramas, Korean series, anime, and local productions. I'm excited to build on this momentum and tap into the immense creative potential of Southeast Asia. The demand for Asian content is at an all-time high, and we are well-positioned to deliver compelling stories that connect deeply with our audiences.' During his time at Warner Music, Ratnam led the label through a period of commercial success, with multiple hit releases, cross-border chart performance and success, and industry awards for their artists. Under his leadership, the company strengthened its role as a trusted partner for brands looking to integrate music into culturally relevant storytelling. With over 15 years of experience across the streaming, content, and technology sectors, Ratnam brings a unique blend of regional market expertise and global strategic insight. He has held senior roles at iflix, Catcha Group, and started his career in investment banking with J.P. Morgan in London and San Francisco, advising on over US$25 billion worth of transactions in the technology, media, and telecommunications space. His appointment comes at a time of renewed growth for iQIYI in Southeast Asia, bolstered by recent strategic partnerships such as its collaboration with Telkomsel in Indonesia, and long-standing alliances with Astro, CelcomDigi, and Media Prima in Malaysia.
