KUALA LUMPUR (Feb 18): Here is a brief recap of some corporate announcements that made news on Tuesday.

Hartalega Holdings Bhd (KL:HARTA)’s net profit fell 13% to RM19.51 million for its third financial quarter ended Dec 31, 2024 (3QFY2025), from RM22.38 million a year ago, as operating expenses surged 65.9% year-on-year to RM702.51 million from RM423.45 million in 3QFY2024. This was despite quarterly revenue rising 77.6% to RM738.19 million, from RM415.64 million in 3QFY2024. No dividend was proposed or declared for 3QFY2025. For the cumulative nine-month period (9MFY2025), the group posted a net profit of RM60.06 million, compared to a net loss of RM2.39 million a year ago, on the back of a 51% increase in revenue to RM1.97 billion from RM1.31 billion in 9MFY2024. — Hartalega's 3Q net profit down 13% on higher operating expenses; shares slip to three-month low

Maxis Bhd (KL:MAXIS)’s net profit for the three months ended Dec 31, 2024 (4QFY2024) jumped five-fold to RM321 million, compared with RM56 million a year ago, thanks to a sharp decline in other operating expenses as well as lower depreciation and amortisation. Quarterly revenue rose 1.1% to a record high of RM2.77 billion from RM2.74 billion a year ago, thanks to growth across its consumer and enterprise businesses. It declared a fourth and one-time interim dividend of five sen per share. This brings its full-year dividend payout to 17 sen per share, up from 16 sen per share in FY2023. For the full year, the telco saw its net profit increase 40.6% to RM1.39 billion from RM993 million in FY2023, while revenue rose 3.5% to RM10.54 billion from RM10.18 billion. — Maxis reports fivefold jump in 4Q net profit, declares five sen dividend

MyEG Services Bhd (KL:MYEG)’s net profit rose 20.62% to RM181.13 million for 4QFY2024, from RM150.16 million a year earlier, as revenue jumped 32.19%, to RM293.53 million from RM222.04 million. The better revenue was driven by contributions from its Web3 application service fees on the Zetrix blockchain platform, digital ID registration and transactions, and sale of Zetrix tokens. It plans to pay a final dividend of 2.49 sen per share, bringing its total dividend for FY2024 to 2.74 sen per share, up from 1.93 sen per share in FY2023. For FY2024, MyEG’s net profit jumped 43.04% to RM697.55 million from RM487.65 million in FY2023, as revenue climbed 31.34% to RM1.02 billion from RM774.26 million. — MyEG makes record FY2024 profit as 4Q earnings jump 21%, plans 2.49 sen final dividend

Gas Malaysia Bhd (KL:GASMSIA)’s net profit rose 8% to RM112.71 million in 4QFY2024, from RM104.33 million a year earlier, driven by higher natural gas sales volume, improved average natural gas contribution margins, and increased tolling fees. Revenue grew 14.12% to RM2.06 billion from RM1.8 billion. It declared a second interim dividend of 9.60 sen per share, payable on April 25. This brings total dividends to 15.91 sen per share, compared with 22.76 sen paid in FY2023. For FY2024, its net profit climbed 15.12% to RM441.39 million from RM383.4 million, despite registering a slightly lower revenue of RM8.04 billion, due to lower average natural gas selling prices. — Gas Malaysia’s 4Q net profit up 8%, declares 9.6 sen dividend

Cahya Mata Sarawak Bhd’s (KL:CMSB) net profit jumped 85.04% to RM65.8 million in 4QFY2024, from RM35.56 million a year ago, lifted by improved business segments and better other income. The net profit of RM65.8 million marks its highest since 3QFY2022, when it reported a net profit of RM154.36 million. Quarterly revenue inched up 2.46% to RM340.99 million — its highest since 3QFY2020 when it recorded a revenue of RM428.42 million — from RM332.81 million a year earlier. It has proposed a first and final tax-exempt single-tier dividend of three sen per share. For FY2024, its net profit rose 12.01% to RM128.19 million, from RM114.44 million in FY2023, while revenue stayed flat at RM1.2 billion. — Cahya Mata books highest quarterly net profit in more than two years, declares three sen dividend

Ranhill Utilities Bhd's (KL:RANHILL) net profit fell 8.3% to RM17.82 million for the fourth quarter ended Dec 31, 2024, from RM19.43 million a year earlier, due partly to a cost overrun at its unit Ranhill Worley Sdn Bhd in relation to the P82 project. Quarterly revenue declined 6.15% to RM522.45 million from RM556.71 million a year ago. No dividend was declared for the quarter. For the 12 months ended Dec 31, 2024, its net profit dropped 3.48% to RM50.99 million, from RM52.83 million in the same period of 2023, while revenue eased 0.24% to RM2.27 billion from RM2.28 billion. — Ranhill Utilities' 4Q net profit hit by cost overrun at subsidiary

Natural rubber processing company Seng Fong Holdings Bhd's (KL:SENFONG) net profit nearly halved to RM8.81 million for the second quarter ended Dec 31, 2024 (2QFY2025), compared with RM17.40 million a year earlier, attributable to higher average raw material costs, which outpaced the increase in average selling prices. This was despite a nearly 26% increase in revenue to RM361.99 million, from RM287.64 million previously, mainly driven by its processing segment. It declared a second interim single-tier dividend of one sen per share, payable on April 11, 2025. For the first half of FY2025 (1HFY2025), net profit dropped 12.4% to RM22.51 million from RM25.70 million in the previous year, while revenue expanded 42.4% to RM721.93 million from RM507.04 million. — Seng Fong's 2Q net profit almost halved amid higher raw material costs; declares second interim dividend

Practice Note 17 company Perak Corp Bhd (KL:PRKCORP) has proposed a regularisation plan that consists of a capital reduction, joint development project, RM89.6 million in land sales, RM40.38 million entitlement from a joint development, and preference share issuance to settle debt owed to creditors. The share capital reduction entails the cancellation of RM185 million of its RM272.77 million share capital to offset the group’s RM177.35 million in accumulated losses as at end-September 2024. Additionally, it has inked a joint venture agreement with major shareholder Perak State Development Corp to jointly develop the Silver Valley Technology Park Industrial Hub in Hulu Kinta, Perak. It entered into a joint development agreement with Advancecon Development Sdn Bhd, a unit of Advancecon Holdings Bhd (KL:ADVCON) for the main infrastructure works for the Silver Valley Technology Park Industrial Hub. — Perak Corp plans share capital reduction, RM90 mil land sales, preference shares issuance to regularise financial condition

Construction company GDB Holdings Bhd (KL:GDB) has received a favourable adjudication decision in its dispute with KSK Land Sdn Bhd over payments to be paid following KSK Land’s termination of GDB's unit as a main contractor for the 8 Conlay project. GDB said an adjudicator ruled that KSK Land’s unit Damai City Sdn Bhd has to pay GDB's unit Grand Dynamic Builders Sdn Bhd a total of RM82.67 million, pursuant to GDB’s notice of adjudication on Oct 4, 2024. — GDB wins RM83m in new adjudication involving payments for 8 Conlay project