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Topmix Bhd has appointed Laubros Holdings (M) Sdn Bhd to build a single-storey warehouse with a three-storey office and ancillary facilities on its land in Senai, Johor, for RM8.67 million to increase demand for rising business activities.
The project will be funded through a mix of internally generated funds or bank borrowings, or a combination of both, with completion targeted within 14 months once approvals are secured.
Topmix said the construction will not have a material effect on its earnings, net assets or gearing for the financial year ending Dec 31.
I checked, and they don’t have a formal dividend policy. But from their past payouts, it looks like they’ll still give dividends to reward shareholders when they’re making good profits
Topmix is targeting double-digit growth in FY25 due to strong demand for its products and services in the local market. There could still be more upside ahead
Worth noting that Topmix have been seeing gradual increase in the (pretax) profit margin from the low teens since early 2024, the end result of stronger sales, particularly for the HPL products, which are in high demand due to sustained renovation activities.
