||The profit before tax in the
current quarter is mainly due to higher sales volume and sellingpricerevision
as compared to the immediate preceding quarter.
higher profits were largely due to higher net interest income and lower
allowance for expected credit losses.
||This was contributed mainly by
improvement in cement selling price to mitigate higher fuel costs, lower
repairs and maintenance expense and a write-back of impairment loss on trade
receivables during current quarter.
for Building Materials Division picked up in current quarter 2022 as customer
increase their purchases in anticipation of price increase from 1 July 2022
||Mainly due to higher volume
products sold by 31,000mt during the current quarter of 109,000mt as compared
to the preceding year quarter of 78,000mt coupled with higher margin products
sold in the current quarter. Furthermore, preceding year quarter was affected
by the Movement Control Order lockdown period from March to May 2020.
production of cranes in the current quarter, mitigated by lower revenue from
Infrastructure Construction with the completion of major projects while new
projects are starting in Q3 2022 & improvement of results from Airports
Concession in Cambodia and Cranes division in the current quarter.
||Higher revenue achieved
attributable to Project Management Consultant (PMC) Bagi Fasa 1 Projek
Lebuhraya Pan Borneo Sabah.
sales from the Power and Control business, service maintenance contract
revenue, & higher execution of Transmission Sub-Station projects.
||The increase in profit was
mainly due to higher revenue and contribution from glass and aluminium
product segment and Interior fit-out works segment.
||The increase in revenue was mainly due to
higher level of construction activities for both building division and civil
engineering and infrastructure division in YTD 2Q2022.
sales to the customers in the hygiene and pest control industry and
||The higher revenue recorded in the current
financial quarter was primarily due to increased construction activities as
some of the current on-going projects reached optimal construction stage.
increase in Group's revenue and gross profit are mainly due to current
progress billings for properties sold in previous quarters and completed
properties sold during the quarter under reivew.
||Higher demand for the Group's products and
the appreciation of USD against Ringgit Malaysia.
mainly by the iHUC projects whilst both the marine vessels were fully
deployed for offshore activities. Commencement of new contracts.
||Interest income earned from loans granted
to a joint venture as well as greater profit shared from the joint venture,
earned from a new vessel charter contract secured during the current
financial year & effect of foreign exchange fluctuation on USD
due to higher average selling prices due to significant rise in Brent crude
oil prices and better product mix and higher average selling price achieved
in technology segment.
||Reversal of impairment allowances and
exceptionally good collection trend.
increase was in tandem with increase in sales from local and export market.
||All key segments contributed positively to
the increase in group
revenue and profitability - Grains and agribusiness, consumer products,
|Food & Beverage
increase was mainly attributable to higher revenue for the local and export
markets in the current quarter for beverages products.
||Higher furniture sales volume from North
America, higher revenue generated and strengthening of USD against the RM and
absence of the implementation of Movement Control Order 3.0 (“MCO 3.0”)
Khen International (Latitude)
sales recorded by furniture plants in Vietnam due to higher shipment in
current quarter; and strengthening of US Dollar (“USD”) against Ringgit
Malaysia (“RM”) by 1.1%.
||Increased capacity at Thomson Hospital
Kota Damansara ("THKD") and higher patient load in fertility
improvement in toll revenue arose from higher tollable traffic volume plying
the Lebuhraya Damansara-Puchong highway (“LDP”) due to Malaysia’s transition
to endemic phase of COVID-19 from 1 April 2022 onwards.
||Higher sales and gain on foreign exchange
despite higher operating cost resulted from the implementation of new minimum
wages policy in May 2022.
export revenue from wooden picture frames and mouldings, strengthening of USD
and higher cost efficiencies
||Group’s new segment, accessory cables and
connectors and increase in
precision engineering segment
to better margin and lower operating expenses.
increase was mainly due to higher sales growth in the America region. The
increase was partially offset by the lower RM/EUR rates in the current
quarter and demand continues to be soft in the German and European markets.
||Higher gross profit in some
projects in Hardware and Maintenance segment and also implementation of
projects in Software segment.
Continental Hayman Island and Inter Continental Sanctuary Cove enjoyed strong
growth in the occupancy rates and record-breaking average room rates in the
current financial period.
||Increase of demand from both
local and export market in line with the gradual improvement of global
economy sentiment and trade momentum of the industrial rubber hose market.
||Higher demand from both local and overseas
markets as the economic recovery gains further traction. This was
predominantly owing to the
top-line improvement as well as higher unrealised foreign exchange gain.
||The increase of revenue is
attributable to the more orders received from main customers and less
increase was mainly due to increase in sale of shutters and racking products.
||Mainly due to increase in
revenue and share of associated profit and overall improvement in the market movement conditions as compare to
previous 9 months.
to higher placement fee income from the corporate advisory division and
one-off exceptional gain on deemed disposal of equity interests in associate
||This was attributed to improved
efficiencies, which resulted in better sales of higher margin products,
namely in its medical segment. It was further helped by a favourable foreign
||Reduction in the price of raw materials
(i.e. steel plates and steel pipes) and higher sales demand for outdoor
||Increase in the Group’s oil
bunkering and petroleum trading business segment
by favourable Brent price, the easing of travel restrictions,
increased economic activities during festive season and the resumption of
international travels beginning of the quarter.
||Demand for fuel recovered. As
both oil prices and sales volume improved, the company revenue rose double
by the Oil Bunkering and Shipping Related Services segment which increased by
RM590.1 million as a result of its market expansion into Port Klang and the
spike in global oil prices.
||Higher domestic demand for
glexible plastic packaging products and plastic resins
|Public Packages Holdings
in demand and selling price increase
||Increase sales in processed
paper products and disposable fibre based products as a result of the
recovery of economic activities and reopening of borders
had recovered for stronger demand from customers.
||The increase was mainly
attributable to the increase in personal care and cosmetics products as well
as household products during this financial quarter.
|Nova Pharma Solutions
higher project activities in the Taiwan market due to relaxation of COVID-19
(2) higher project works completion rate in Thailand; and
(3) higher contribution from a newly secured biotechnology project in
||Due to increase in demand from
local market, improvement in productivity and strengthening of US Dollar
for pharmaceuticals and consumer healthcare products remained elevated
because of the continued prevalence of Covid-19 infections manifesting
largely as a community respiratory illness. This generated strong demand for
respiratory medications in our key markets, especially for the Group’s cough
and cold products.
||The higher profit was due mainly
to higher margins from oleochemical and refining sub-segments offset by lower
share of associate results from Loders. Higher CPO and PK prices realised and
higher share of associate results from BAL, partly offset by lower FFB
palm product prices, which more than compensated for the lower fresh fruit
bunch ("FFB") production and sales volume of refined palm products.
||Higher crude palm oil (“CPO”)
price leading to higher average selling price of fresh fruit bunches (“FFB”)
as well as higher production of FFB.
average CPO and PK prices per metric tonne, Higher share of profit after tax
of associates, & Higher FFB production.
||Mainly attributed to the
increase in the production output as a results of higher availability of
fresh fruits bunches for production.
|KECK SENG M
increase in revenue was mainly due to higher selling price and quantity of
refined crude palm oil sold in 2nd Q 2022.
||This was principally due to
ongoing favourable growth in average
selling price on FFB, CPO and PK throughout the quarter.
from the oil palm division in the current quarter improved by 21% mainly due
to higher sales volume coupled with better average
selling price of Crude Palm Oil (CPO). As FFB and CPO production improved,
higher mills utilisation as well as lower production cost resulted in better
profit contribution from the oil palm division.
||The revenue growth was due
mainly to higher average selling price and sales volume of broiler chickens
in Vietnam. The higher average selling price of livestock feed in Vietnam and
Indonesia also contributed to the growth.
revenue from the on going development of Taman Desa Bertam
||Improved contribution from
higher property units sold.
of completed residential house, industrial projects, as well as disposal of
certain vacant lands. The returning
student to campus learning increases the higher rental revenue and profits.
||Recurring lease income from IOI
Mall, Xiamen as well as strong recovery in the Malaysia mall operations and
hospitality and leisure segment. Higher share of associate and Joint ventures
profit arising from a sale of land of an associate and reversal of inventories
current financial period profit was mainly derived from the sales at our
completed project '280 Park Homes' and Kiara 9 Residency.
higher revenue was underpinned by improved revenue performance from all
||Attributable to a healthy product mix
within the residential and industrial segments. All business segments
continue to be profitable in H1 FY2022.
of economy activites with various incentive The property market regain its
momentum with the opening up of all economic sectors.
||Attributable to higher progress
recognition of the ongoing Suasana Melalin project in Kota Kinabalu and sale
of completed unit of the single-storey terrace-house in Kuching,
by the top three revenue contributors. Sejati Lakeside development in
Selangor, ATWATER development in Selangor, and Utropolis Batu Kawan
development in Penang.
||This is due to the active construction of
Ideal Residency and Havana Beach Residences. Sales coming from Ideal
Residency an affordable homes project strategically located in the heart of
Penang & Havana Beach Residences is a beach-inspired affordable home
development in Bayan Lepas.
by the sale contribution from Project Trifolia and Project SutraVilla due to
the implementation of a much efficient sale strategy.
||Better Performance due to contributions
from Emerald 9, Emerald Hills in Cheras and Emerald Rawang. Hospitality
division improve with higher occupanct and average room rates from the
increase in tourism.
subsidy received, gain on disposal of property & equipment, sales of
scrap from quarry segment and revenue gain derived from the supply of treated
water and related services to consumers from a water treatment plant in Lao
People's Democratic Republic.
Utilities, Building Material
||Commissioning of the Group's Solar
Corporate Renewable Energy Power Purchase Agreement ("CREPPA")
projects and increase in reversal of expected credit losses for trade
Covid-19 restriction and a return to mall shopping. Strategy of focusing on
larger stores in quality malls and closure of underperforming stores.
||Higher same store sales growth and
additional new Starbucks café outlets opened. Turnaround of the Kenny Rogers
Roster (KRR) business performance.
gaming sales, lower prizes payout. Higher number of draws compared to 2021 as
12 draws are being cancelled in 2021 due to MCO
||Positive growth in all segments
(timepiece, calculator and digital musical instruments) of the Group's
marketing effort from ongoing promotions which includes giving out free
vouchers and discounts through online platforms; and better control of
operating costs drawing from the experience gained from various movement
control lockdowns since March 2020.
||The growth in revenue was supported by the
higher sales commission
and rental income from tenants plus revenue growth and offset by increase
in operating costs.
sales performance achieved in current quarter for all the
three businessses - optical products, franchise management & food &
||Increased sale during Hari Raya,
re-opening sector allow customer to patronizing retails outlets, and
retailers replenished their stock in anticipation for the Hari Raya festival.
sales performance in conjunction with the Hari Raya Aidilfitri celebrations.
In addition, the one-off special withdrawal of RM10,000 allowed by Employee
Provident Fund (“EPF”) for eligible Malaysian in April 2022 has also
contributed positively to the domestic consumption. And rationalisation of
discount given and continuous products development.
||The increase in revenue was contributed by
retail segment, which recorded increase in sales primarily attributed to the
increased foot traffic in shopping malls. In addition, retail operations were
also positively impacted by higher consumer spending levels due to the Hari
Raya festive season during this period, as well as the reopening of
Malaysia’s border to overseas tourists.
due to Hari Raya festival sales and improvement in retail environment with
less stringent restriction in the shopping malls allow increasing in revenue
||Additional revenue generated by new
subsidiary acquired - Novel Glove International Sdn. Bhd. And the organic
growth of revenue by existing 7 centres after the restricition caused by the
is due to a stronger festive sales performance compare to the same period
last year when the nation experienced various stages of MCO (Movement Control
||The record-high revenue was mainly due to
the increase in the order of Cambodia Apparel amounting to an increase of
orders secured across the UHP and General Contracting divisions as well as
increase in demand in the Industrial Gases division.
||Higher demand for machines from smart
devices customers leads to great improvement in gross profit margin.
demand in both smart devices and automotive industry. Improved revenue,
positive contribution from other investments and contribution from Associate
||Increase in sales from the embedded
computing devices and FOBO(For Our Better world) products - FOBO is a
products of contact point of a vehicle to the road surface for example : the
tire pressure(FOBO Tire, FOBO Tire Plus and FOBO Bike).
increase in net profit before tax was mainly due to higher sales
volumes achieved for the current quarter under review.
||Mainly due to increase in tenancies in
rental operation and increase in
production and sales in semiconductor operation.
better operating results was mainly due to slight increase in charter rates
and lower vessel operating expenses.
||The increase in revenue was mainly due to
vessel’s work in progress for external parties had been delivered in the
current quarter as well as the improvement in freight rates and utilization
rates in shipping segment
increase in revenue in the current quarter was due to improvements in freight
rates secured since last quarter & increase in flying doctor services,
emergency medical services and aircraft chartering activities during the
||Due to improvement in the freight rate and
better utilization of shipping space from Intra Asia trade and also oneoff
reversal of impairment of vessels.
enterprise software solutions business recorded an increase in revenue by
approximately RM4.10 million or 54.52%, mainly due to an increase in software
||Increase in revenue related to Hard Disk
Drive (HDD) and growth in sheet metal fabrication business segment
overall revnues, higher net gain on foreign exchange, higher gain on disposal
property plan and equipment, higher dividen income, lower finance costs and
lower advertising expenses.
||Revenue and profit before tax were mainly
attributed from the Construction, Logging, and Timber Trading segment.
increase in profit was mainly due to higher production and better market
price in the current quarter.
||Higher average selling
price which was driven by continued strong demand for plywood and
strengthening of US dollar in current quarter