KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day. The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
GKE Corporation reported a 105.6% year-on-year (y-o-y) jump in net profit to $8.85 million for the full year ended May 31, 2025.
Key Financial Highlights:
2HFY2025 earnings: $4.44 million (+84.5% y-o-y)
Full-year EPS: 1.15 cents; 2H EPS: 0.58 cents
Final dividend: 0.35 cents per share; full-year payout: 0.4 cents
Revenue: $126.5 million (+14.4% y-o-y); 2HFY2025: $63.4 million (+15.1% y-o-y)
Gross profit: $36.4 million (+12.1% y-o-y)
Gross margin: 28.8% (vs. 29.4% in FY2024)
Drivers of Growth:
Higher income across all segments: container trucking, freight forwarding, marine logistics, warehousing.
Strong warehousing occupancy rates and increased sales of ready-mix concrete (RMC).
Initial contribution from new retail and distribution business in telecommunications.
Profit Boosters:
$1.1 million net gain from disposal of intangible assets.
$3.2 million improvement in allowance for expected credit losses in China.
Higher profit contributions from warehousing & logistics and infrastructural materials & services segments.
Balance Sheet:
Net asset value: $100.1 million (+6.1% y-o-y)
Cash & deposits: $30.45 million (+15% y-o-y)
Bank borrowings: Long-term $27.45 million; short-term $11.03 million
Despite the strong earnings, shares closed 3.125% lower at 9.3 cents on July 28, possibly reflecting profit-taking or cautious sentiment after the rally.
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