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Multi-level marketing company DXN Holdings Bhd’s (KL:DXN) net profit grew 6.5% to RM70.26 million in the second financial quarter despite lower revenue, thanks to lower expenses.
DXN said revenue growth remained positive in Peru, Bolivia, Mexico, India and the Middle East. Revenue from Morocco, however, declined due to softer demand. The group is expanding its global footprint with new facilities in Peru, Bolivia and Morocco.
Insights Analytics Berhad is optimistic about its business outlook over the next five to ten years on the back of strong demand in water technology and accelerating adoption of digital solutions across Malaysia and the region.
The company is is directly aligned with Sarawak’s large-scale investment in smart water infrastructure worth about RM20 billion, alongside more than RM10 billion allocated by both the federal and state governments for water system upgrades.
Sorento Capital looks south, plans RM2.5m flagship showroom in Johor
Johor has been identified as a strategic growth market for Sorento, supported by government-led initiatives such as the Johor-Singapore Special Economic Zone (JS-SEZ) and the Johor Bahru-Singapore Rapid Transit System (RTS) Link.
In addition, Johor’s close proximity to Singapore, combined with the favourable ringgit-Singapore dollar exchange rate, enhances the competitiveness of Sorento’s product offerings for both Malaysian and Singaporean consumers.
