Miscellaneous Bhd It slipped into the red, with a net loss of RM19.1 million, for the second quarter ended June 30, 2022 (Q2 22), versus a net profit of RM538.8 million for the same quarter last year, amid higher impairment losses on non-assets. Ongoing financing costs and their share of joint venture losses. In contrast, quarterly revenue grew 36.47% to RM3.21 billion from RM2.35 billion last year. MISC has declared a second tax-free dividend of seven cents per share.
SP Setia BhdFY22 second quarter net profit increased 6.95% to RM80.09 million from RM74.81 million in the previous year, mainly due to higher turnover of the project development phases. Meanwhile, revenue fell to RM1.02 billion from RM1.08 billion, thanks to the construction and real estate development sectors.
Malaysia Gas Bhd It reported a 72.19% jump in net profit for the second quarter of FY22 to RM107.34 million from RM62.34 million last year due to higher gross profit and financing income, lower cost of financing and increased contributions from the group’s joint venture companies. Revenue grew 29.22% to RM1.78 billion from RM1.38 billion as the average selling price of natural gas increased and the company’s capacity increased by shippers to use the natural gas distribution system.
Mega First Corp Bhd.Net profit for the second quarter of FY22 increased 15.49% to RM100.84 million from RM87.32 million in the second quarter of FY21, driven by stronger contributions from the renewable energy and packaging sectors. The improvement in profits is also supported by its share of profits from joint ventures and associates. Revenue jumped 59.67% to RM331.865 million from RM207.84 million, boosted by higher sales from all three core divisions of Renewable Energy, Packaging and Resources.
Dayang Enterprise Holdings Bhd. He returned to the black in 2QFY22, with a net profit of RM42.02 million versus a net loss of RM21.89 million in the previous year. This was due to the reversal of an impairment loss on trade receivables of RM1.4 million, as well as a decrease in depreciation charges of RM4.1 million, compared to an additional impairment loss on property, plant and equipment of RM27.9 million previously. Quarterly revenue jumped 64.95% to RM263.41 million, from RM159.69 million in the previous year, mainly due to the economic recovery after the Covid-19 shutdown, as well as higher oil prices.
Sunway Real Estate Investment FundNet profit (REIT) expanded to RM74.51 million in the second quarter of FY22 from RM33.52 million in the second quarter of FY21, which mainly contributed to the sharp improvement in the retail sector. Revenue increased to RM144.51 million from RM103.39 million previously. In the first half of FY22 (1HFY22), the REIT’s net profit grew to RM180.83 million from RM70.34 million, with revenue increasing to RM298.45 million from RM207.66 million.
Magnum BHD2QFY22’s net profit jumped to RM 26.4 million, more than 12 times the RM 2.05 million it made in the same period last year, with better sales in the gaming division. Revenue rose 47.68% to RM482.14 million from RM326.49 million, as game sales more than tripled to RM482 million from RM155.5 million. At 1HFY22, Magnum’s net profit rose to RM43.06 million, more than quadrupling the amount it made in the corresponding six months in fiscal year 21, as revenue rose 38.4% to RM983.19 million from RM710.37 million.
Bhd . Dialog GroupThe company’s net profit decreased by 14.65% to RM118.25 million in the fourth quarter of FY22, from RM138.54 million in the previous year, due to higher project cost and losses in some projects under domestic and international business. However, quarterly revenue increased by 29.4% to RM675.65 million from RM522.14 million after increasing business activities in both domestic and international operations.
Kobay Technology BhdThe company’s earnings rose in the fourth quarter of FY22, buoyed by better performance in the real estate development and rental property segments, and boosted by contributions from the newly acquired pharmaceutical business. Net profit rose 40.34% to RM11.94 million from RM8.51 million in Q4FY21, while revenue rose 103% to RM95.23 million from RM46.87 million.
Industrial Space Solution Provider AME Elite Consortium Bhd and Majestic Builders will jointly develop an integrated industrial park with a total development value of RM1 billion in Seberang Perai Tengah, Penang. To undertake the development, AME Elite’s wholly owned subsidiary, Northern Industrial Park Sdn Bhd, and Majestic Builders set up Suling Hill Development Sdn Bhd as their special purpose vehicle.
Lambo Bhd. Set It said it was not aware of any wrongdoing related to its wholly owned subsidiary of Fujian Accsoft Technology Development, after China’s Ministry of Finance imposed a penalty on the subsidiary’s auditor last month.