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DXN focuses on ready-to-eat and -cook products, eyes further global spread
DXN focuses on ready-to-eat and -cook products, eyes further global spread

The Star

time15-07-2025

  • Business
  • The Star

DXN focuses on ready-to-eat and -cook products, eyes further global spread

From left: DXN chief financial officer Lim Beng Cheng, DXN senior independent non-executive director Datuk Noripah Kamso, DXN chief operating officer Mahmood Hisham, DXN founder and executive chairman Datuk Lim Siow Jin, Kedah Chief Minister Datuk Seri Muhammad Sanusi Md Nor, Invest Kedah Bhd chief operating officer Noor Ikhsan Bin Abdul Aziz and Kedah state executive council member Dr Haim Hilman Abdullah. PUTRAJAYA: Herbal health product manufacturer and marketeer DXN Holdings Bhd aims to expand its product portfolio with a new line of ready-to-eat (RTE) and ready-to-cook (RTC) food products, as part of an aggressive push into international markets. Founder and executive chairman Datuk Lim Siow Jin said the company is in the final phase of developing a central kitchen facility to drive production of RTE and RTC products. "The latest freezing technology enables processed products such as sushi- and sashimi-grade fish to last up to 18 months. This opens up export opportunities globally,' he said at a press conference here today. He said the new products - including fresh seafood processed directly from DXN's hatchery in Pulau Tuba, Kedah - are expected to replicate DXN's coffee products, which are now among the company's top revenue contributors. "If coffee can reach that level, daily RTE and RTC food products will even go further,' he said, adding that DXN's products are currently distributed via a network of more than 20 million members in 54 countries. Meanwhile, DXN's chief operating officer Abdul Hafiz Mahmood Hisham said the company is confident it will be able to distribute more than 50 per cent of its net profit as dividend this year, in line with its minimum payout ratio policy. He said for the financial year ended Feb 28 this year, DXN distributed 56 per cent of its net profit as dividends, totalling about RM362 million since its Main Market relisting on Bursa Malaysia on May 19, 2023. On Jan 27, DXN's board declared a third interim dividend of 1.00 sen per ordinary share, amounting to RM49.72 million for the financial year ending Feb 28, 2025. For the full year, the company's net profit rose 5.8 per cent to RM329.03 million from RM310.99 million in the FY2024, while revenue increased 5.84 per cent to RM1.91 billion from RM1.80 billion. This revenue growth was driven by strong sales performance in key markets such as Peru, Bolivia, the Middle East, and Türkiye, supported by targeted marketing strategies that successfully maintained member engagement throughout the year. - Bernama

More than 90 Malaysian companies make Fortune Southeast Asia 500 List
More than 90 Malaysian companies make Fortune Southeast Asia 500 List

The Star

time18-06-2025

  • Business
  • The Star

More than 90 Malaysian companies make Fortune Southeast Asia 500 List

KUALA LUMPUR: A total of 92 Malaysian companies have made it onto Fortune's 2025 Southeast Asia 500 list, released recently, placing Malaysia third overall behind Indonesia and Thailand. According to Fortune, the second annual Southeast Asia 500 list highlights a region poised to capitalise on global supply chain shifts and rapid growth in industries such as mining, electric vehicles, and artificial intelligence. 'The seven countries in last year's inaugural Southeast Asia 500 list—Indonesia, Thailand, Malaysia, Singapore, Vietnam, the Philippines, and Cambodia—return in 2025 and continue to make their mark on the region's economy,' Fortune said on its website. 'Together, the Southeast Asia 500 companies are playing an increasingly important role in global supply chains—capturing manufacturing capacity shifting from China, which is drawing significant capital flows and reshaping global trade dynamics,' it added. Companies are ranked by revenues for their latest available respective fiscal years ended on or before Dec 31, 2024, unless otherwise noted. The annual list shows that Malaysian companies generated a combined US$201.6bil, with the top 10 companies accounting for over 44% of the total. Malayan Banking Bhd (Maybank) remains the only Malaysian firm in the top 20 by revenue and also ranks among the region's most profitable companies. Among the top 10 Malaysian companies on the list are Sime Darby Bhd (ranked 22nd in Southeast Asia), Tenaga Nasional Bhd (24th), CIMB Group Holdings Bhd (32nd), and PETRONAS Dagangan (34th). Others include PETRONAS Chemicals (44th), YTL (46th), Genting (53rd), Public Bank (57th), and IHH Healthcare (65th). CLICK TO ENLARGE Meanwhile, DXN Holdings debuts at 491st in the 2025 Fortune Southeast Asia ranking. 'We are honoured and delighted to be recognised by Fortune as one of Southeast Asia's top 500 companies. We started small in Kedah. This honour is a reflection of many years of dedication of everyone in DXN in the manufacturing and direct selling of wellness to our customers worldwide. 'This achievement is a testament to the resilience of our business model and the strength of our extensive member network. It reinforces the impact we are making across several jurisdictions and markets. This recognition inspires us to reach even greater heights,' DXN founder and executive chairman Datuk Lim Siow Jin said in a separate statement. Affin Group and Yinson have been named to the Fortune Southeast Asia 500 for the second consecutive year, reflecting their strong financials, sustained growth, and rising regional presence. 'Being recognised on the Fortune Southeast Asia 500 list for a second year is a meaningful milestone for Yinson. It reflects the collective efforts of our people, partners, and communities. As Southeast Asia evolves into a critical region for rapid energy transition, Yinson remains committed to advancing solutions that are innovative, inclusive, and future-focused,' Yinson Group CEO Lim Chern Yuan said.

DXN posts record RM329mil net profit for FY25
DXN posts record RM329mil net profit for FY25

The Star

time29-04-2025

  • Business
  • The Star

DXN posts record RM329mil net profit for FY25

DXN Holdings Bhd executive chairman and founder Datuk Lim Siow Jin KUALA LUMPUR: DXN Holdings Bhd chalked up a record net profit of RM329mil for the financial year ended Feb 28, 2025 (FY25), up 5.8% from RM310.9mil in the year ago. The nutraceutical products manufacturer's FY25, revenue climbed 5.8% year-on-year to a new record of RM1.9bil, exceeding the RM1.8bil achieved in FY24. DXN said this achievement was primarily driven by robust sales in key markets such as Peru, Bolivia, the Middle East, and Turkey, supported by sustained and effective marketing efforts that actively kept members engaged throughout the year. 'We are pleased to have delivered another set of record-breaking financial results this year, reaffirming the resilience of our business model and the effectiveness of our long-term growth strategies. This strong performance reflects not only the continued momentum across our key markets but also the encouraging progress from our expansion into new frontiers such as Brazil and Argentina,' executive chairman and founder Datuk Lim Siow Jin said in a statement. He noted that the recent entry into Brazil and Argentina has gained encouraging traction, as sales and member recruitment are growing steadily. Lim said these markets represented significant opportunities within the broader Latin American region. He added that the company was well-positioned to capture this potential by leveraging its robust member network and strong brand presence in neighbouring countries such as Mexico, Peru, Bolivia, and Colombia. 'Looking ahead, DXN remains focused on sustaining its growth trajectory through ongoing product innovation, driven by robust research and development, alongside continued enhancements in production efficiency. These strategic efforts are key to meeting evolving consumer needs and reinforcing our role as a leading player in the global health and wellness sector over the long term,' Lim said. In the fourth quarter ended Feb 28, DXN reported a 7.2% increase in net profit to RM84.7mil, although revenue declined by 2.5% to RM458.9mil. The board of directors has declared a fourth interim dividend of 1.0 sen per ordinary share for FY25, amounting to RM49.7mil. The dividend will be paid on May 30. Pantech said the FY25 dividend represents 55.9% of net profit, reflecting its commitment to its dividend policy of paying at least 50% of net profit to shareholders.

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