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On a quarter-on-quarter basis, Sern kou showed an even more positive trend. The company successfully reversed a pre-tax loss of RM6.24 million in the previous quarter, mainly due to improvements in the furniture business and the absence of a RM4.53 million impairment charge that occurred in the previous quarter. Despite a decrease in revenue due to weaker demand in the timber segment, the significant recovery in profitability indicates that the group has gradually moved out of the previous pressure zone, with healthier operational performance.
Meta Bright recorded RM72.9 million in revenue, a 24% increase from RM58.7 million in the previous year’s corresponding quarter. The performance was mainly driven by the building materials segment, which benefited from sustained demand for ready-mix concrete across Kota Kinabalu, Penampang and surrounding growth corridors in Sabah
FUEL and lubricant distributor PSP Energy Bhd plans to raise RM34.2 million from its ACE Market listing, with shares priced at 16 sen each, giving the company a market valuation of RM171 million.
TA Research stated that Polymer Link’s IPO price of 25 sen per share values the company at a price-earnings ratio of 10.2 times its core earnings per share for the financial year ended Sept 30, 2024 (FY24).
ChargeSini has fired up its latest EV charging hub in Sunway Pyramid, marking the first location rolled out under its partnership with Meta Bright Group.
