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New Straits Times
24-06-2025
- Business
- New Straits Times
SSF Home's Q4 net profit falls 5pct on margin pressure
KUALA LUMPUR: SSF Home Group Bhd posted a five per cent drop in net profit to RM5.8 million for the fourth quarter ended April 30, 2025, from RM6.2 million a year earlier, dragged by a lower gross profit margin. Quarterly revenue edged up 0.7 per cent to RM50.9 million, supported by sales from newly opened outlets. For the full year, net profit fell 17.8 per cent to RM5.9 million from RM7.2 million, as revenue slipped four per cent to RM152.5 million from RM158.9 million due to weaker overall sales. The company expects rising production and logistics costs from the expanded Sales and Service Tax, inflationary pressures, and slower global growth amid geopolitical tensions and trade negotiations with the United States. However, it expressed confidence in adapting through strategic pricing, improved cost efficiency, and strong supply chain partnerships. "The group remains committed to strengthening its retail positioning through value-for-money offerings, strategic pricing, and product innovation that align with evolving consumer preferences. "In line with our rebranding efforts, SSF Home is focused on delivering affordable and practical home living solutions, supported by refreshed store formats and enhanced customer experience," it said in a bourse filing. Executive director Lok Kok Khong said the group remained focused on executing its strategic plans despite a tough operating landscape. "This includes expanding into major urban areas, enhancing the retail experience, and staying in tune with shifting consumer preferences," he said.
The Sun
24-04-2025
- Business
- The Sun
AME REIT Q4 rental income rises to RM13m
JOHOR BHARU: Industrial REIT AME Real Estate Investment Trust (AME REIT) delivered a 4.6% growth in rental income to RM13.1 million for the fourth quarter ended March 31, 2025 (Q4'25) from RM12.5 million in the previous corresponding quarter. The higher rental income supported a 1.6% increase in net property income (NPI) to RM11.6 million compared to RM11.4 million previously. The improved performance was mainly driven by income contributions from the acquisitions of two fully-leased industrial properties during Q4'25. For the 12 months ended March 31, 2025 (FY25), AME REIT generated total rental income of RM50.9 million, a 6% increase from RM48 million in the previous year, and NPI of RM46.4 million, rising 4.5% from RM44.4 million previously. AME REIT, in a statement said it will distribute RM9.7 million in distributable income for Q4'25, equivalent to a distribution per unit (DPU) of 1.83 sen. The distributable income is adjusted for gain in fair value of investment properties less deferred tax expenses, unbilled lease income receivables, management fees payable in units, and amortisation of capitalised financing costs. The Q4'25 income distribution is payable on May 30, 2025 to unitholders whose names appear in the Record of Depositors of AME REIT at the close of business on May 9, 2025. Total income distribution for FY25 will amount to RM39.2 million, representing 99.99% of distributable income for the year and resulting in a DPU of 7.43 sen. I REIT Managers Sdn Bhd CEO and executive director Chan Wai Leo said: 'AME REIT's Q4'25 performance reflects the positive impact of our accretive acquisitions, supporting stable rental income growth and consistent returns to unitholders. Our growth will be further fuelled by the ongoing purchase of five more fully-leased industrial properties in Iskandar Malaysia for a total purchase consideration of RM147.8 million from our sponsor AME Elite Consortium Bhd. The acquisitions, comprising 460,267 sq ft of ALA, are expected to be completed in phases between the third quarter of 2025 and the first quarter of 2026.' Going forward, he added they are focused on continued expansion in the Malaysian industrial property market to optimise sustainable long-term returns. AME REIT's portfolio includes 39 properties — 36 industrial units with 2.1 million sq ft of lettable space, and 3 industrial-related assets. Most are located in AME Group's industrial parks in Iskandar Malaysia. As at March 31, 2025, AME REIT's properties under management are valued at RM773.5 million.
