Latest news with #RM41.5
New Straits Times
17-07-2025
- Business
- New Straits Times
Pos Malaysia soars, one of Bursa's most active stocks at midday
KUALA LUMPUR: Shares of Pos Malaysia Bhd jumped as much as 18 per cent by midday break as the trading volume surged to a two-month high. The national courier's share price hit an intraday high of 29.5 sen by midday, climbing from Wednesday's close of 25 sen. Trading volume swelled to 9.67 million shares - the highest since May 19, 2025, when 5.2 million units changed hands at the same price level. The stock initially slipped to a low of 24 sen in early trade before rebounding sharply to become one of the most actively traded counters on Bursa Malaysia. By 12.30pm, Pos Malaysia closed the morning session at 28 sen, up three sen or 12 per cent, valuing the company at RM211.35 million in market capitalisation. The stock has gained 14 per cent so far this year. Pos Malaysia is majority-owned by tycoon Tan Sri Syed Mokhtar Al-Bukhary, who holds a 53.49 per cent stake in the company. Pos Malaysia reported a wider net loss for the first quarter ended March 31, 2025 due to lower revenue from its postal and logistics segments. Its net loss for the quarter widened to RM41.5 million from a net loss of RM19.7 million a year earlier. Pos Malaysia has been loss-making since the third quarter of FY18.
New Straits Times
26-05-2025
- Business
- New Straits Times
Tiong Nam's earnings shrink, revenue jumps nearly 14pct in FY25
KUALA LUMPUR: Tiong Nam Logistics Holdings Bhd's net profit fell to RM41.5 million in the financial year ended March 31, 2025 (FY25) from RM57.3 million a year ago. Tiong Nam said this was due to the higher fair value gains recorded in the previous year compared to the current quarter under review. The results also reflected higher operating and finance costs associated with expanded warehouse assets. However, Tiong Nam's revenue grew 13.8 per cent to RM863.6 million from RM758.6 million in FY24. For the fourth quarter (Q4), Tiong Nam recorded a 305.4 per cent increase in net profit to RM43.0 million, up from RM10.6 million in the corresponding quarter last year. It said the profit growth stemmed primarily from a positive fair value adjustment on investment properties,comprising its logistics warehousing assets. "This was complemented by robust logistics and warehousing activity, contributing to an 18.2 per cent rise in group revenue to RM228.7 million in Q4 FY25 from RM193.4 million previously," it said. Tiong Nam's logistics and warehousing services segment demonstrated strong top-line improvement, with revenue growing 21.5 per cent to RM218.3 million in Q4 FY25. This was driven by increased business from existing and new domestic and multinational customers. Managing director Ong Yoong Nyock said the company's logistics and warehousing operations demonstrated sustained performance, supported by resilient demand and growing customer relationships. Ong said the company's network development was integral to enhancing its capabilities and enabling increased scale to meet rising market needs for integrated logistics solutions. "This initiative advances our position as a leading total logistics solutions provider, ensuring efficient supply chains nationwide. "We anticipate positive performance for FY26, underpinned by Malaysia's resilient economic growth. "As regional trade strengthens and supply chains recalibrate across Asia, we are well-positioned to serve as a vital connection in logistics networks," he added.
The Sun
21-05-2025
- Business
- The Sun
Pos Malaysia posts RM41.2 mil 1Q net loss amid lower postal, logistics revenue
KUALA LUMPUR: Pos Malaysia Bhd recorded a net loss of RM41.5 million for the first quarter ended March 31, 2025 (1Q 2025), widening from a net loss of RM19.6 million in the same quarter last year, weighed down by lower contributions from its postal and logistics segments. Revenue decreased to RM467 million from RM491 million previously. 'The postal segment remained the largest contributor, generating RM279.1 million in revenue. 'However, this marked a four per cent decline due to lower bulk mail and international mail volumes,' said Pos Malaysia in a Bursa Malaysia filing today. Pos Malaysia said the logistics segment also saw a significant drop in revenue to RM49.1 million from RM64.8 million, mainly due to a decrease in automotive and freight management activities and a change in pricing mechanisms and the extended docking period of a vessel. In contrast, the group said the aviation segment contributed higher revenue of RM93 million in 1Q 2025 compared to RM91.7 million in the previous corresponding quarter, mainly attributable to the in-flight catering business with a higher number of meals uplifted. It added that the others segment continues to grow healthily with higher revenue, mainly attributed to increased sales of digital certificates. POS Malaysia added that while recognising potential challenges, including the uncertain impact of US tariffs on the postal segment, the group remains confident in its transformation efforts and ability to deliver sustainable, long-term value to stakeholders.
The Sun
21-05-2025
- Business
- The Sun
Pos Malaysia posts RM41.5 mil Q1 loss on weaker revenue
KUALA LUMPUR: Pos Malaysia Bhd recorded a net loss of RM41.5 million for the first quarter ended March 31, 2025 (1Q 2025), widening from a net loss of RM19.6 million in the same quarter last year, weighed down by lower contributions from its postal and logistics segments. Revenue decreased to RM467 million from RM491 million previously. 'The postal segment remained the largest contributor, generating RM279.1 million in revenue. 'However, this marked a four per cent decline due to lower bulk mail and international mail volumes,' said Pos Malaysia in a Bursa Malaysia filing today. Pos Malaysia said the logistics segment also saw a significant drop in revenue to RM49.1 million from RM64.8 million, mainly due to a decrease in automotive and freight management activities and a change in pricing mechanisms and the extended docking period of a vessel. In contrast, the group said the aviation segment contributed higher revenue of RM93 million in 1Q 2025 compared to RM91.7 million in the previous corresponding quarter, mainly attributable to the in-flight catering business with a higher number of meals uplifted. It added that the others segment continues to grow healthily with higher revenue, mainly attributed to increased sales of digital certificates. POS Malaysia added that while recognising potential challenges, including the uncertain impact of US tariffs on the postal segment, the group remains confident in its transformation efforts and ability to deliver sustainable, long-term value to stakeholders.
New Straits Times
21-05-2025
- Business
- New Straits Times
Pos Malaysia posts RM41.2mil Q1 net loss amid lower postal, logistics revenue
KUALA LUMPUR: Pos Malaysia Bhd recorded a net loss of RM41.5 million for the first quarter ended March 31, 2025 (1Q 2025), widening from a net loss of RM19.6 million in the same quarter last year, weighed down by lower contributions from its postal and logistics segments. Revenue decreased to RM467 million from RM491 million previously. "The postal segment remained the largest contributor, generating RM279.1 million in revenue. "However, this marked a four per cent decline due to lower bulk mail and international mail volumes," said Pos Malaysia in a Bursa Malaysia filing today. Pos Malaysia said the logistics segment also saw a significant drop in revenue to RM49.1 million from RM64.8 million, mainly due to a decrease in automotive and freight management activities and a change in pricing mechanisms and the extended docking period of a vessel. In contrast, the group said the aviation segment contributed higher revenue of RM93 million in 1Q 2025 compared to RM91.7 million in the previous corresponding quarter, mainly attributable to the in-flight catering business with a higher number of meals uplifted. It added that the others segment continues to grow healthily with higher revenue, mainly attributed to increased sales of digital certificates. Pos Malaysia added that while recognising potential challenges, including the uncertain impact of US tariffs on the postal segment, the group remains confident in its transformation efforts and ability to deliver sustainable, long-term value to stakeholders.
