Latest news with #JCorp
The Star
11-07-2025
- General
- The Star
Recognising vital role of seagrass beds
Seagrass Ecotourism Experience participants examining seagrass found during a field excursion in Mersing. Yayasan Johor Corporation (JCorp) has expanded its coral rehabilitation programme with the introduction of a seagrass initiative, aimed at creating a more comprehensive and long-term approach to marine protection. Its chief executive officer Zaidatul Zurita Abdul Rahman said the foundation, which launched its coral rehabilitation efforts in 2023, was now focusing on seagrass beds. She described seagrass as a crucial yet often overlooked part of the marine ecosystem. 'Environmental stewardship is not about isolated campaigns. Samples of seagrass and marine organisms collected from Johor's coastal area. 'It is about building momentum and cultivating a culture of care for our ecosystems, ensuring lasting impact beyond one-off events. 'Vital habitats like seagrass meadows play an irreplaceable role in supporting biodiversity, safeguarding coastal communities and contributing to global climate resilience,' she said in a statement. Zaidatul Zurita said Yayasan JCorp held a two-day Seagrass Ecotourism Experience programme in Mersing to raise awareness of the value of seagrass beds. The programme enabled over 50 participants to have an immersive experience with these underwater meadows. 'While coral reefs often capture the spotlight, seagrass ecosystems quietly perform vital roles, supporting marine biodiversity, acting as nurseries for fish and other species, stabilising coastlines and storing carbon. 'Despite this, many people have never witnessed their delicate beauty or fully understood their ecological importance,' she said. Zaidatul Zurita stressed that safeguarding seagrass meadows helped maintain a healthier and more resilient ocean for future generations. She explained that the programme gave participants a chance to explore Pulau Setindan while being guided by marine experts and community leaders. The island is one of Johor's most ecologically rich and least disturbed marine areas. She added that the programme combined field excursions, environmental briefings and community interactions. 'Participants, including volunteers from JCorp group of companies, Universiti Malaya (UM) researchers, non-governmental organisation members and local tourism operators were given a rare chance to connect directly with Johor's natural heritage. 'This programme was crucial in educating the public about the interconnectedness of marine ecosystems, which are often taken for granted. 'Many are unaware that seagrass beds are the foundation for countless marine species and act as natural barriers that protect our coastlines. 'It's time we gave them the recognition they deserve,' Zaidatul Zurita said. She added that Yayasan JCorp's coral rehabilitation site in Pulau Aur had recorded healthy coral growth of around 2cm since 2023. 'The area now supports a growing marine ecosystem with more than 10 species of fish and marine animals observed. 'Some of these include Bluefaced Angelfish, Regal Angelfish and False Clown Anemonefish. 'These positive developments reflect the steady recovery of the reef and the tangible impact of the foundation's ongoing conservation efforts,' she said. She highlighted that these initiatives position Mersing as a top destination for marine ecotourism and experiential learning.
Barnama
07-07-2025
- Business
- Barnama
Johor Unveils Malaysia's Largest High-Tech Vertical Farm
REGION - SOUTHERN > NEWS ISKANDAR PUTERI, July 7 (Bernama) -- Johor has launched the country's largest high-tech vertical farming facility, spanning over 50,000 square feet, to cultivate leafy vegetables using advanced agrotechnology. Menteri Besar Datuk Onn Hafiz Ghazi said the RM40 million project is a strategic joint venture between FarmByte Sdn Bhd, a subsidiary of Johor Corporation (JCorp), and Singapore-based agri-tech company Archisen Pte Ltd. He said the facility, which grows produce such as ice plant salad, is located in the Johor-Singapore Special Economic Zone (JS-SEZ). Construction began in 2023, and the farm is now fully operational at Nusajaya Industrial Park here. bootstrap slideshow 'This is a historic milestone for Johor, Malaysia, and Singapore. What began as a pioneering idea two years ago has now become a reality. 'This isn't just an agricultural project - it is a new ecosystem that strengthens regional food security,' he told reporters after the launch ceremony today. Also present were Archisen director Vincent Wei, JCorp chairman Datuk Syed Mohamed Syed Ibrahim, and State Investment, Trade, Consumer Affairs and Human Resources Committee chairman Lee Ting Han. Onn Hafiz said the project has attracted interest from various agricultural industry players from both Malaysia and Singapore, who are exploring future collaborations. He noted that FarmByte and Archisen are in talks with several other companies to expand operations and build a robust regional ecosystem for vertical farming. 'They aim to scale up operations and establish a comprehensive farming network. We hope this will be realised soon, with strong support from all stakeholders,' he said.
The Sun
07-07-2025
- Business
- The Sun
Johor launches Malaysia's largest high-tech vertical farm
ISKANDAR PUTERI: Johor has officially opened Malaysia's largest high-tech vertical farming facility, covering 50,000 square feet, to grow leafy greens using advanced agricultural technology. The RM40 million project is a collaboration between FarmByte Sdn Bhd, a subsidiary of Johor Corporation (JCorp), and Singapore-based agri-tech firm Archisen Pte Ltd. Menteri Besar Datuk Onn Hafiz Ghazi described the facility as a strategic development within the Johor-Singapore Special Economic Zone (JS-SEZ). Located at Nusajaya Industrial Park, the farm began construction in 2023 and is now fully operational, producing crops such as ice plant salad. 'This is a historic milestone for Johor, Malaysia, and Singapore. What began as a pioneering idea two years ago has now become a reality. This isn't just an agricultural project - it is a new ecosystem that strengthens regional food security,' Onn Hafiz said during the launch ceremony. The facility integrates large-scale infrastructure with smart farming systems, enabling year-round production of high-quality leafy greens. Using controlled environment agriculture (CEA) technology, the farm operates without pesticides and is unaffected by weather conditions. With an estimated annual yield of 306,000 kilogrammes, the farm aligns with Malaysia's National Food Security Policy Action Plan and Singapore's '30 by 30' initiative, which aims to produce 30 per cent of its nutritional needs locally by 2030. FarmByte and Archisen are in discussions with other companies to expand operations and develop a regional vertical farming network. 'They aim to scale up operations and establish a comprehensive farming network. We hope this will be realised soon, with strong support from all stakeholders,' Onn Hafiz added. Key figures present at the launch included Archisen director Vincent Wei, JCorp chairman Datuk Syed Mohamed Syed Ibrahim, and State Investment, Trade, Consumer Affairs and Human Resources Committee chairman Lee Ting Han. – Bernama
The Sun
02-07-2025
- Business
- The Sun
Johor Corp posts strong revenue, earnings growth
KUALA LUMPUR: Johor Corporation (JCorp) and its group of companies announced consolidated financial results for the financial year ended Dec 31, 2024 (FY24), recording revenue of RM6.96 billion, a 12% increase from RM6.2 billion in FY23. In a statement yesterday, JCorp said the performance reflects continued momentum under the JCorp 3.0 Reinvention Plan, which is reshaping the organisation into an impact-led, value-driven Investment Holding Corporation. FY24 saw stronger contributions across key verticals, supported by focused capital allocation, portfolio optimisation, and operating model improvements. Profit before tax rose to RM718 million – exceeding the FY23 results by 19%. This was supported by contributions particularly from the agribusiness and wellness and healthcare divisions, value unlocking through strategic asset disposals, and tighter cost control across the group. KPJ Healthcare Bhd (KPJ) recorded a revenue of RM3.92 billion in FY24, marking a 15% year-on-year growth, driven by continued patient trust in our 'Care for Life' patient-centric approach. Net profit rose to RM407.2 million, underpinned by improved margins, enhanced operational efficiency and prudent financial management. The group's agribusiness vertical, led by Kulim (Malaysia) Bhd (Kulim) through its core investee company JPG, recorded RM1.61 billion in revenue – an 18% increase from the previous year. Plantation operations contributed 95% of segment revenue, while the remaining came from the agrofood division. Net profit from continuing operations stood at RM242.7 million, supported by improved commodity pricing and sustained cost efficiency. The group also recognised a one-off loss of RM129 million from the divestment of its discontinued operation segment, resulting in total net profit of RM113.5 million for FY24. JLand Group achieved a remarkable RM1.3 billion in revenue for the year 2024 – a strong 9% increase compared to the year 2023. This growth was primarily driven by contributions from its property development and integrated community solutions segments. Overall, the group delivered a commendable performance, recording RM205.81 million in profit before tax and RM157.8 million in net profit. These results reflect the group's solid operational execution and effective cost management, underscoring its resilience and strong fundamentals. JLand Group's financial results are on a proforma basis, pending the completion of JLand Group's internal restructuring. QSR Brands (M) Holdings Bhd, operator of KFC and Pizza Hut across Malaysia and the region, recorded RM3.53 billion in total revenue – RM3.23 billion from continuing operations. At the holding level, JCorp recorded RM759 million in revenue and RM634 million in net profit. This included RM425.82 million in dividend income – primarily from Kulim (RM356.42 million) and KPJ (RM64.95 million) and RM223.47 million in proceeds from industrial land sales. The results underscore stronger asset performance and deliberate capital recovery actions taken during the year. As of Dec 31, 2024, JCorp's total Assets Under Management stood at RM24.5 billion. JCorp president and CEO Datuk Syed Mohamed Syed Ibrahim said as they continue to play their role as responsible stewards, their focus remains on building institutions that drive long-term impact. JCorp said it enters FY25 with renewed emphasis on creating value and enabling sustainable communities in line with its commitment to Membina & Membela. This entails scaling AI and digital integration, advancing strategic sectors such as agribusiness and healthcare, and deepening collaboration across the public and private ecosystem. A key priority is to strengthen executional excellence in order to deliver long-term value while reimagining the next phase of growth for Johor and the nation.
The Star
02-07-2025
- Business
- The Star
JCorp sees strong revenue and profit growth in FY24
Johor Corporation president and chief executive Datuk Syed Mohamed Syed Ibrahim KUALA LUMPUR: Johor Corporation (JCorp) reported a 12% rise in revenue to RM6.96bil for the financial year ended Dec 31, 2024 (FY24), up from RM6.2bil in FY23. In a statement, JCorp said its profit before tax rose 19% to RM718mil, driven by strong performances in the agribusiness and wellness and healthcare divisions, strategic asset disposals, and tighter cost controls. The group said the stronger results reflect ongoing momentum from the JCorp 3.0 Reinvention Plan, which is transforming the organisation into an impact-led, value-driven investment holding company. It noted that FY24 saw improved contributions across key sectors, supported by targeted capital allocation, portfolio optimisation, and enhancements to the operating model. In FY24, several of JCorp's investee companies reached key milestones. Johor Plantations Group Bhd (JPG) was listed on Bursa Malaysia, enabling reinvestment and unlocking long-term value. KPJ Healthcare Bhd (KPJ) launched Malaysia's first Academic Health System, refreshed its brand, and announced a collaboration with Mayo Clinic to expand its global reach. 'FY24 marked a step-change in how JCorp delivers value as an investment institution. We realigned our portfolio, strengthened capital discipline, and created room for our investee companies to lead with clarity — from listing JPG to KPJ's rebranding and healthcare innovation,' president and chief executive Datuk Syed Mohamed Syed Ibrahim said. 'As we continue to play our role as responsible stewards, our focus remains on building institutions that drive long-term impact. Every decision, every partnership and every investment must contribute to economic resilience and create value that lasts — for Johor and for Malaysia.' In FY24, KPJ recorded a revenue of RM3.92bil in FY24, marking a 15% year-on-year (YoY) growth. KPJ recorded revenue of RM3.92bil in FY24, a 15% increase year-on-year, driven by strong patient trust in its 'Care for Life' approach. Its net profit rose to RM407.2mil, supported by improved margins, better operational efficiency, and prudent financial management. JCorp's agribusiness vertical, led by Kulim (Malaysia) Bhd through its core investee JPG, recorded revenue of RM1.61bil in FY24. This represents an 18% increase compared to the previous year, driven by strong operational performance and favourable market conditions. Net profit from continuing operations stood at RM242.7mil, supported by improved commodity pricing and sustained cost efficiency. It also recognised a one-off loss of RM129mil from the divestment of its discontinued operation segment, resulting in total net profit of RM113.5mil for FY24. Meanwhile, JLand Group posted RM1.30bil in revenue for 2024, up 9% from 2023, driven by strong contributions from property development and integrated community solutions. It recorded RM205.81mil in profit before tax and RM157.8mil in net profit, reflecting solid operations and effective cost management. QSR Brands (M) Holdings Bhd, operator of KFC and Pizza Hut in Malaysia and the region, recorded total revenue of RM3.53bil, with RM3.23bil coming from continuing operations. At the holding level, JCorp recorded RM759mil in revenue and RM634mil in net profit. This included RM425.82mil in dividend income — primarily from Kulim (RM356.42mil) and KPJ (RM64.95mil) and RM223.47mil in proceeds from industrial land sales. As of Dec 31, 2024, JCorp's total assets under management (AUM) stood at RM24.50bil.
