KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
Financial Highlights 4QFY2024 net profit surged 26% YoY to RM335.47 million , driven by strong contributions from construction, property development, and trading & manufacturing divisions . Quarterly revenue jumped 53% YoY to RM2.85 billion , up from RM1.87 billion in 4QFY2023. Earnings per share (EPS) rose to 5.03 sen, from 4.39 sen previously . Declared a second interim dividend of four sen per share , bringing the total FY2024 dividend to six sen per share . Record-Breaking Full-Year Performance FY2024 net profit grew 56% YoY to RM1.15 billion , the highest in three years . Annual revenue hit an all-time high of RM7.88 billion , marking a 28% increase from RM6.14 billion in FY2023 . Segment Performance (4QFY2024) 1. Property Development Revenue soared 63.4% YoY to RM809.6 million , driven by higher sales and progress billings from local projects . Profit before tax (PBT) more than doubled to RM162.5 million from RM69 million a year earlier. 2. ...