KUALA LUMPUR (Feb 21): Here is a brief recap of some corporate announcements that made news on Thursday.

YTL Power International Bhd's (KL:YTLPOWR) net profit fell 9.16% to RM767.69 million for its second quarter ended Dec 31, 2024 (2QFY2025), from RM845.12 million a year earlier, mainly due to lower contributions from its power generation division. Quarterly revenue was, however, higher by 5.7% to RM5.68 billion from RM5.37 billion in 2QFY2024, largely driven by its water and sewerage segment, which benefited from the contributions from its 53.19%-owned Ranhill Utilities Bhd (KL:RANHILL). The group, which recently announced a bonus issue of warrants to raise multiple billion ringgit in fresh capital over three years, did not declare any dividend for the quarter. For 6MFY2025, its net profit fell 26.84% to RM1.24 billion from RM1.69 billion previously, even as revenue rose 5.03% to RM11.36 billion from RM10.82 billion. Meanwhile, YTL Corp Bhd's (KL:YTL) net profit fell 1.56% to RM580.01 million in 2QFY2025, from RM589.22 million a year earlier, on lower earnings contribution from its utilities business, represented by its 48.45% stake in YTL Power. This was despite a 7.02% year-on-year increase in revenue to RM8.06 billion from RM7.53 billion, driven by property investment, development, management services and other business segments. For 6MFY2025, its net profit declined 17.75% to RM913.72 million from RM1.11 billion in the previous year despite a 5.19% increase in revenue to RM15.83 billion from RM15.05 billion. — YTL Power posts lower 2Q profit as power generation business hit by lower prices, stronger ringgit 

AMMB Holdings Bhd's (KL:AMBANK) net profit  fell 10.48% to RM486.49 million in the third quarter ended Dec 31, 2024 (3QFY2025) from RM543.41 million in 3QFY2024 due to higher operating expenses and lower income from Islamic banking, despite an increase in net interest income. Its revenue increased 7.75% to RM1.24 billion, from RM1.15 billion last year. For 9MFY2025, the banking group's net profit increased nearly 5% to RM1.48 billion, from RM1.39 billion a year ago as revenue rose 6.47% to RM3.65 billion, from RM3.48 billion. It did not declare any dividends for the quarter under review. — AmBank's 3Q earnings come in lower on higher opex, lower Islamic banking income 

Petronas Dagangan Bhd (KL:PETDAG) has declared a special dividend of 20 sen per share, as its net profit soared in the fourth quarter ended Dec 31, 2024 (4QFY2024), driven by disciplined cost management and higher margins for its retail and convenience segments. In addition, it declared an interim dividend of 25 sen per share, to be paid to shareholders on March 21. The total dividend payout for FY2024 amounts to RM1.07 per share — its highest since FY2014 when it declared RM1.13 dividend per share. For 4QFY2024, PetDag’s net profit climbed 37.8% to RM249.06 million, from RM180.81 million in the same quarter last year. However, revenue declined 10.74% to RM8.99 billion from RM10.08 billion, mainly due to lower average selling prices and reduced commercial sales volume. For FY2024, PetDag recorded a 15.22% increase in net profit to RM1.09 billion from RM943.08 million in FY2023. Revenue inched up 1.07% to RM37.95 billion from RM37.55 billion. — Petronas Dagangan declares special dividend as 4Q net profit jumps 38%  

Sunway Construction Group Bhd (KL:SUNCON) declared a 2.5 sen third interim dividend per share following its fourth quarter net profits of RM69.17 million, making the total dividends declared for FY2024 at 8.5 sen per share – highest dividend payout since its listing 15 years ago. The record dividend payout declared for FY2024 comes on the back of record earnings for the group during the year of RM186.91 million, higher than in FY2023’s RM145.11 million. Its 4QFY2024 net profit was 40.4% higher than the corresponding quarter’s RM49.27 million, as revenue expanded 60.7% to RM1.4 billion versus RM871.5 million previously. — SunCon delivers highest dividend payout following record earnings in FY2024   

Malayan Cement Bhd’s (KL:MCEMENT) net profit jumped 52.4% to RM184.68 million  for the second quarter ended Dec 31, 2024 (2QFY2025)  driven by higher other operating income and lower costs. Quarterly revenue was flat at RM1.15 billion from RM1.16 billion in the corresponding quarter, on lower sales of clinker, cement and other building materials segments. It declared an interim dividend of five sen per share, to be paid on March 27. For the 6MFY2025, its net profit jumped 49.2% to RM324.12 million from RM217.28 million while revenue inched up 0.73% to RM2.32 billion from RM2.31 billion. — Malayan Cement’s 2Q net profit jumps 52%; declares five sen interim dividend

Kossan Rubber Industries Bhd’s (KL:KOSSAN) net profit leapt to RM27.7 million in 4QFY2024, versus RM806,000 a year ago, thanks to the absence of a one-off impairment that dragged its earnings in 4QFY2023. At the operating profit level, excluding 4QFY2023’s impairment loss, operating profit was flat year-on-year at RM39.56 million. Quarterly revenue increased 29.4% to RM517.9 million as compared to RM400.15 million previously, mainly due to higher glove sales volume and improved production efficiency. No dividend was declared for the quarter. For FY2024, Kossan’s net profit surged to RM120.03 million versus RM13.34 million in FY2023, while revenue rose 19.85% to RM1.91 billion from RM1.59 billion previously. — Kossan's 4Q profit surges on absence of one-off impairment 

PMB Technology Bhd's (KL:PMBTECH) net profit rose 54.3% to RM48.23 million in 4QFY2024, from RM31.26 million a year ago, thanks to a one-off land disposal gain. Revenue slipped 9.9% to RM174.87 million versus RM194.12 million previously. For FY2024, PMB Tech’s net profit rose 36.6% to RM61.13 million from RM44.75 million in FY2023, despite registering 8.8% lower revenue of RM902.35 million compared with RM989.58 million previously. No dividend was declared for the quarter. — PMB Technology 4Q profit up 54% on land disposal gain  

Dayang Enterprise Holdings Bhd (KL:DAYANG) posted an 82.1% fall in net profit to RM16.81 million for 4QFY2024, from RM93.79 million a year earlier, dragged by forex loss and the absence of a reversal of impairment loss. Quarterly revenue slipped 9.8% to RM316.68 million from RM351.08 million as vessel utilisation rate dropped to 48% from 55%. In FY2024, net profit was a record high RM311.09 million, up 42.1% from RM218.98 million in FY2023. Revenue rose 31.9% to RM1.47 billion versus RM1.11 billion previously. A final dividend of seven sen per share was declared, payable on March 17. This brings total dividend payout for FY2024 to 10 sen per share versus 4.5 sen per share for the previous year. — Dayang's 4Q profit down 82% on forex loss, absence of impairment reversal; full-year profit still at record high 

Solarvest Holdings Bhd (KL:SLVEST) saw its net profit rise 35% to a record RM14.37 million in its third quarter ended Dec 31, 2024 (3QFY2025) from RM10.65 million a year ago, primarily driven by further progress in the execution of several utility-scale solar projects under the Corporate Green Power Programme. These projects commenced in 2QFY2025. Quarterly revenue also climbed 20.5% to RM135.4 million, from RM112.4 million in 3QFY2024. Its 9MFY2025 net profit was at record high of RM31.41 million, up 28% from RM24.53 million a year ago. Revenue, however, fell 21.2% to RM311.95 million from RM395.69 million. It did not declare any dividend for 3QFY2025. — Solarvest posts record net profit in 3Q 

Berjaya Food Bhd (KL:BJFOOD), or BFood, posted a net loss of RM35.33 million for the second quarter ended Dec 31, 2024 (2QFY2025), marking its fifth consecutive loss-making quarter. The Starbucks coffee chain operator’s net loss was larger at RM42.58 million a year ago. Quarterly revenue fell by one-third to RM123.1 million against RM182.55 million a year before. For the 1HFY2025, its net loss ballooned to RM69 million, tripling from RM23.55 million a year ago, as revenue declined by 46.4% to RM247.3 million, from RM461.09 million previously. It did not declare any dividend for the quarter under review. — Berjaya Food net loss narrows in 2QFY2025, loses RM69 mil in six months  

UEM Sunrise Bhd's (KL:UEMS) net profit nearly doubled to RM54.33 million in 4QFY2024 from RM27.34 million a year earlier, thanks to share of profits from joint ventures and associates. Revenue increased 28.2% to RM540.81 million as compared to RM421.97 million. The strong final quarter performance helped net profit for FY2024 to rise 38% to RM104.34 million from RM75.73 million in FY2023. Revenue, however, was relatively flat at RM1.34 billion. It declared an interim dividend of 1.24 sen per share, payable on May 19, versus 0.75 sen a year earlier. —  UEM Sunrise to speed up growth after beating 2024 targets 

The manufacturer of traffic light poles and lampposts Lysaght Galvanized Steel Bhd (KL:LYSAGHT) has declared a final single tier dividend of seven sen per share, bringing the group’s total dividend to 50 sen per share for FY2024. The FY2024’s dividend matched with the dividend paid in FY2014, marking its highest in a decade. It made a net profit of RM12.69 million in FY2024 — its highest since FY2017 when it posted net profits of RM17.9 million — which was 12.8% higher than in FY2023, as revenue increased 12.03% year on year to RM94.47 million. The annual revenue was the highest since FY2008, when it posted a revenue of RM102 million. — Lysaght pays 50 sen dividend for FY2024, highest in a decade