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The privatization led to a significant cash outflow of RM90.6 million (Page 4), contributing to a net decrease in cash and cash equivalents from RM448.7 million to RM261.6 million (a RM187.1 million drop, including other outflows like dividends of RM34.7 million).
Exempt from reciprocal tariffs. (For now):
-pharmaceuticals
-semiconductors
-lumber
-metal and auto parts under 232 MCA
-minerals not available in U.S.
The rise in staff costs was in line with the enlarging scale of business especially skilled labour
recruitment to advance the Group’s strategic direction besides the adjustment upward made during the
financial period to comply with Minimum Wages Order 2022.
Profit before tax (“PBT”) of the Group in the current quarter was RM24.8 million, declined by 23.0%
from RM32.2 million recorded in the corresponding quarter of the previous financial year, this was
mainly driven by higher staff costs and loss on foreign exchange.
