Latest news with #RM56mil
The Star
4 days ago
- Business
- The Star
BAT Malaysia sees 2Q profit recovery on the back of combustibles segment
Illustration shows BAT (British American Tobacco) KUALA LUMPUR: British American Tobacco (Malaysia) Bhd's focus on its combustibles segment, particularly its flagship Dunhill brand, is yielding results as its second quarter results showed improvement over the previous corresponding quarter. According to the group, the strategic decision to transition out e-cigarette brand Vuse enabled more effective cost management and portfolio focus, which saw a 38.5% increase in profit from operations to RM78 million compared to RM56mil in the same period last year. In the quarter under review, BAT posted a net profit of RM50.95mil, up from RM36.28mil in the year-ago quarter. Earnings per share climbed to 17.8 sen from 12.7 sen previously. Its revenue dipped slightly to RM624.75mil in 2QFY25 from RM640.46mil in the comparative quarter. For the six-month period, BAT reported net profit of RM74.22mil against RM66.27mil in 1HFY24, while revenue dropped to RM946.74mil from RM1.05bil in the comparative period. The board of directors declared a second interim dividend of 12 sen per share, going ex on Aug 13, 2025, and payable on Sept 4, 2025, to shareholders. "Our second quarter results demonstrate the resilience of our combustibles portfolio, even in a highly competitive market environment, signalling that we are heading in the right strategic direction. 'Dunhill continues to stand out as the leading brand in Malaysia, gaining further momentum this quarter," said BAT Malaysia managing director Nedal Salem in a statement. He reported that the tobacco black market also saw a decline of 0.4 percentage point at 54.4% in 2QFY25, compared to the previous quarter.
The Star
10-06-2025
- Business
- The Star
AME Elite expects more conservative sales of industrial property
PETALING JAYA: Industrial park developer AME Elite Consortium Bhd is targeting a more conservative RM400mil in sales for its financial year ending March 31, 2026 (FY26). This reflects the lingering uncertainty surrounding trade policies and tariffs that could influence the pace of foreign direct investment (FDI) decisions, said Phillip Capital Research. AME's Northern TechValley industrial park registered RM56mil in sales for the fourth quarter of its FY25, lifting the group's overall sales to RM641mil. Early demand was largely supported by local players from the consumer-related sector. The research house said AME expects sales momentum to strengthen further once infrastructure work commences in second half of this year (2H25). AME remains focused on growing its gross development value (GDV) pipeline, with the acquisition of the land in Ijok, Selangor. The work on an industrial park at the site with an estimated GDV of between RM1.2bil and RM1.3bil, is a partnership with Kuala Lumpur Kepong Bhd , and is expected to be completed in 2H25. AME is also expected to recognise earnings from a RM210mil land sale to data centre operator Digital Hyperspace Malaysia Sdn Bhd in 1H26, pending final payment from the client by August. The client reaffirmed its commitment to complete the transaction, having paid a RM35mil deposit and interest. AME is expected to record a gain of RM85mil from the deal. Phillip Capital Research reiterated its 'buy' rating on the stock with an unchanged sum of parts derived target price of RM2 a share.
