Latest news with #RM20.8mil
The Star
27-05-2025
- Business
- The Star
TMK Chemical first-quarter earnings at RM21mil
PETALING JAYA: TMK Chemical Bhd is staying cautious over its outlook for this year, saying that its performance may be influenced by several key challenges, including the impact of policies from the United States that affect global trade and international relations. The group said these factors are expected to contribute to volatility in the pricing of inorganic chemicals across both domestic and international markets. Releasing its results for the first quarter ended March (1Q25) yesterday, TMK posted a net profit of RM20.8mil on the back of a revenue of RM258mil. TMK provides a range of chemical manufacturing, distribution, storage and logistics services. As the group was only listed on the Main Market of Bursa Malaysia last Dec 12, there was no corresponding year-on-year quarter with which to compare its performance, although the group did report that its total chemical-management segment accounted for 98.6% of the quarterly turnover. Compared with the preceding three months ended Dec 31 (4Q24), net profit saw a 9.2% dip from RM22.9mil, as revenue declined by 12.2%. TMK pointed to lower sales volumes during 1Q25 as primary reason for the decrease. The group's earnings per share for 1Q25 stood at 2.08 sen. In a filing with Bursa Malaysia, TMK said additional challenges going forward include fluctuating market demand and supply conditions, ongoing global geopolitical conflict, recessionary risks, and exchange rate fluctuations involving the US dollar, Singapore dollar, and the Vietnamese dong. 'The group also faces intense market competition. In response, we remain committed to enhancing productivity and strengthening supply chain resilience to better withstand these external, uncontrollable factors,' TMK said in its filing.
The Star
23-04-2025
- Business
- The Star
AME-REIT eyes future projects for new assets
AME-REIT said the approach aims to generate stable cash flow and offer potential for long-term income and capital growth. PETALING JAYA: AME Real Estate Investment Trust 's (AME-REIT) manager plans to leverage the group's future property development projects, as well as third-party assets, to source and acquire properties in Malaysia that align with its investment strategy. In a filing with Bursa Malaysia, AME-REIT said this approach aims to generate stable cash flow and offer potential for long-term income and capital growth. For the fourth quarter ended March 31, 2025, AME REIT's net profit dipped to RM20.8mil from RM23.82mil in the same period last year. However, revenue improved to RM13.06mil from RM12.48mil a year ago. For the full financial year, AME-REIT's net profit dropped to RM47.99mil from RM51.13mil a year earlier, while revenue grew to RM50.9mil from RM48mil.
