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KUALA LUMPUR: Companies that recently made headlines include KPJ, PetChem, Press Metal
, IOI, KLCCP, Bank Islam, Gas Malaysia, IGB, Leong Hip, Farm Fresh and WCE, said Apex Securities Research.
KPJ Healthcare Bhd’s net profit for the third quarter ended Sept 30, 2023 rose to RM90.31 million, due to a rise in inpatient visits to 96,968 patients from 85,655 patients, coupled with the growth in bed occupancy rate to 73 per cent from 66 per cent.
Petronas Chemicals Group Bhd’s (PetChem) net profit fell 77.6% to RM424 million in the third quarter ended Sept 30, 2023 (3QFY2023), as unfavourable product spreads and energy costs dented earnings.
Press Metal Aluminium Holdings Bhd’s net profit dipped 3.1% to RM306.12 million for the third quarter ended Sept 30, 2023 (3QFY2023), from RM315.80 million, weighed by softening metal prices.
IOI Corp Bhd‘s net profit jumped 81.48% to RM304 million for the first quarter ended Sept 30, 2023 (1QFY2024), from RM167.5 million, on improved associates’ performance and a swing to forex gain of RM7.9 million, from losses of RM147.3 million.
KLCCP Stapled Group’s net profit rose 4.96% to RM185.34 million in the third quarter ended Sept 30, 2023 (3QFY2023), on improved performance from its hotel and management services segments.
Bank Islam Malaysia Bhd’s (BIMB) net profit for its third quarter ended Sept 30, 2023 (3QFY2023) slipped 1.62% to RM140.54 million, on the back of lower total net income and higher overheads.
Gas Malaysia Bhd’s net profit fell 9.93% to RM86.16 million for the third quarter ended Sept 30, 2023 (3QFY2023), due to lower volume of natural gas sold and higher operating and administrative expenses.
IGB Bhd’s net profit for the third quarter ended Sept 30, 2023 (3QFY2023) rose 21.33% to RM58.03 million, on higher contributions from all operating segments save for property development. Revenue rose 25.87% to RM395.1 million from RM313.89 million.
Leong Hup International Bhd saw its net profit for the third quarter ended Sept 30, 2023 (3QFY2023) rise 97.5% to RM132.96 million from RM67.31 million a year earlier, on better margin from higher selling prices of day-old-chicks (DOC) and eggs in Malaysia, and DOC in Indonesia.
Farm Fresh Bhd’s net profit rose 14.33% to RM12.79 million for the second quarter ended Sept 30, 2023 (2QFY2024), compared with RM11.19 million a year ago, on lower dairy raw materials costs, improving Australian operations margins and contribution from its ice cream unit Inside Scoop.
WCE Holdings Bhd narrowed its net loss by 41.5% to RM24.17 million in its second financial quarter ended Sep 30, 2023 (2QFY2024), on higher construction activities for West Coast Expressway (WCE) project and higher toll.
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