PETALING JAYA: DXN Holdings Bhd ’s net profit jumped by about 43% year-on-year (y-o-y) to RM79.02mil in the fourth quarter ended Feb 29, 2024, driven by stronger contributions from Latin America and India.
Revenue rose 16.2% y-o-y to RM470.64mil, DXN said in a filing with Bursa Malaysia.
For the financial year ended Feb 29, DXN’s revenue increased by 12.6% y-o-y to RM1.8bil, while net profit rose by nearly 13% to RM310.99mil.
Sik Cheong Bhd aims to raise RM17.8mil via an initial public offering (IPO) exercise on the ACE Market of Bursa Malaysia with the money meant for expansion of its operations.
Star Media Group Bhd (SMG) is optimistic its property development and investment segment would compensate for the challenging outlook in advertising expenditure (adex).
Australian pension fund UniSuper says it has bought an undeveloped site next to Sydney’s planned new international airport to develop a logistic hub worth around A$3.9bil (US$2.5bil), its second major property deal in three weeks.