KUALA LUMPUR (Feb 25): Here is a brief recap of some corporate announcements that made the news on Monday:

Sime Darby Bhd's (KL:SIME)’s net profit fell 86.7% year-on-year to RM305 million for the second quarter ended Dec 31, 2024 (2QFY2025) from RM2.29 billion a year ago, on the absence of a one-off gain from the disposal of Ramsay Sime Darby Health Care. Excluding the discontinued operations, profit from continuing operations grew 16.1% to RM303 million, mainly due to the full-quarter contribution from the newly acquired UMW Holdings Bhd. Quarterly revenue for the quarter rose 14.2% to RM17.73 billion from RM15.52 billion. For 1HFY2025, net profit declined 61.6% to RM1.11 billion from RM2.88 billion previously. Revenue, however, increased 22% to RM35.99 billion from RM29.50 billion for 1HFY2024. Sime Darby declared a dividend of three sen per share and a special dividend of one sen per share for FY2025. — Sime Darby’s 2Q net profit drops on absence of one-off gains, declares four sen dividends

99 Speed Mart Retail Holdings Bhd’s (KL:99SMART) net profit increased 16.8% to RM124.42 million for the fourth quarter ended Dec 31, 2024 (4QFY2024) from RM106.54 million a year ago, boosted by higher fees income. Revenue increased 7.3% to RM2.58 billion from RM2.41 billion in 4QFY2023, primarily driven by positive sales contributions from the net expansion of 81 outlets during the quarter. Its total outlet count stood at 2,778 as of Dec 31, 2024. For the full year, 99 Speed Mart's net profit rose 22.5% to RM490.27 million from RM400.227 million in FY2023, while total revenue grew 8.3% to RM9.98 billion from RM9.22 billion. No dividend was declared for the quarter. — 99 Speed Mart’s 4Q profit up 17% on higher fees income

UOA Development Bhd (KL:UOADEV) reported its highest quarterly net profit in four years on Monday, thanks to higher progressive recognition of its development projects. Net profit rose 8% to RM128.21 million for 4QFY2024 from RM118.72 million last year. Quarterly revenue more than doubled to RM234.86 million — the highest since 1QFY2020 — compared with RM109.01 million in 4QFY2023, mainly driven by the group’s ongoing projects. It closed FY2024 with the highest net profit in four years, up by 2.78% to RM287.3 million from RM279.55 million in FY2023. Annual revenue climbed 36.63% to RM545.7 million from RM399.39 million previously. It has proposed a first and final dividend of 10 sen per share, lower than the 30 sen dividend per share reported for FY2023. — UOA Development wraps up FY2024 with highest net profit in four years

CTOS Digital Bhd’s (KL:CTOS) net profit fell 42.2% to RM32.39 million for 4QFY2024, from RM56.01 million a year ago, largely due to higher tax expenses arising from the absence of a tax credit. Quarterly revenue for the quarter increased 5% to RM76.82 million from RM73.15 million in 4QFY2023.  In FY2024, CTOS Digital’s net profit fell by 10% to RM106.27 million, down from RM118.11 million a year ago, despite a 16.6% increase in cumulative revenue to RM304.85 million from RM261.44 million. It declared a fourth interim dividend of 0.99 sen per share, bringing its total dividend for FY2024 to 3.25 sen per share, versus 3.33 for FY2023. — Absence of tax credit drags CTOS Digital’s net profit 42.2% lower in 4Q

Supermax Corp Bhd (KL:SUPERMX) reported its ninth consecutive quarterly loss for the second quarter ended Dec 31, 2024 (2QFY2025), but the loss was smaller compared to a year earlier as revenue climbed on recovering global glove demand, alongside forex gains and cost rationalisation and automation efforts. Its quarterly net loss stood at RM4.92 million compared with RM44.36 million in 2QFY2024, partly driven by a RM29.5 million forex gain from the stronger US dollar against the ringgit, as well as efficiency gains from automation and cost rationalisation measures. Quarterly revenue grew 36.57% y-o-y to RM198.79 million from RM145.55 million, as global demand for gloves gradually picked up. For 1HFY2025, Supermax's net loss widened to RM69.55 million from RM46.41 million in the previous year’s corresponding period, despite revenue rising 30.89% to RM423.44 million from RM323.52 million. No dividend was declared during the quarter. — Supermax posts smaller quarterly loss amid recovering global demand for gloves

MSM Malaysia Holdings Bhd’s (KL:MSM)’s net profit rose 67% to RM71.69 million in 4QFY2024 from RM42.87 million last year, as lower production costs and net commodity gains helped offset a slight decline in revenue. Quarterly revenue was flat at RM943.59 million on lower prices despite higher volume. For FY2024, MSM turned around with a net profit of RM31.25 million, compared to a net loss of RM49.88 million, while total revenue increased 14.7% to RM3.54 billion from RM3.09 billion. No dividend was declared for the year. — MSM Malaysia's 4Q net profit rises 67% as lower costs boost margin

Bintulu Port Holdings Bhd (KL:BIPORT), which operates East Malaysia's largest container port, saw its fourth-quarter net profit fall 11.77% to RM40.88 million from RM46.34 million a year earlier, despite recording its highest-ever quarterly revenue since its listing in 2001. Quarterly revenue grew 2.38% to RM219.96 million from RM214.84 million in 4QFY2023, driven by higher port services revenue at Bintulu Port from the increased cargo handling for liquefied natural gas (LNG) and bulk fertiliser. Full-year net profit rose 22.73% to RM153.48 million, versus RM125.06 million in FY2023. This was on the back of record revenue of RM828.30 million, an 8.19% increase from RM765.58 million previously. It declared a fourth interim dividend of five sen per share, bringing total dividend for FY2024 to 15 sen per share. — Bintulu Port's 4Q net profit falls 12% despite record-high quarterly revenue

Consumer finance company RCE Capital Bhd’s (KL:RCECAP) net profit fell 11% to RM30.76 million in the third quarter ended Dec 31, 2024 (3QFY2025) from RM34.56 million a year ago, on the back of a 9.2% drop in quarterly revenue to RM79.33 million from RM87.41 million previously. The lower revenue was due to the group tightening its credit policy on disbursements while it prioritises better credit quality disbursement for sustainable financing growth. For 9MFY2025, its net profit fell 18.9% to RM88.91 million from RM109.69 million, as cumulative revenue declined 7.9% to RM238.85 million from RM259.2 million previously. No dividend was declared for the quarter. — RCE Capital's 3Q net profit falls 11% on lower revenue

Kawan Food Bhd (KL:KAWAN) reported its highest ever quarterly net profit at RM13.12 million in 4QFY2024, largely helped by foreign exchange (forex) gain. It booked a net profit of RM8.86 million a year ago. Revenue increased 8.4% to RM81.99 million from RM75.64 million in 4QFY2023. In FY2024, Kawan Food’s net profit increased 5.3% to RM31.71 million from RM30.13 million a year ago, while total revenue increased 10.6% to RM317.55 million from RM287.22 million. It declared a final dividend of two sen per share, bringing its total dividend FY2024 to nine sen per share, versus 3.6 sen for FY2023. — Kawan Food’s net profit up 48% in 4Q, boosted by forex gains

Innoprise Plantations Bhd’s (KL:INNO) net profit more than doubled year-on-year to a record high of RM36.24 million for 4QFY2024 from RM16.63 million a year ago, on higher crude palm oil average price. Revenue rose 44.2% to RM91.26 million versus RM63.28 million previously. Its FY2024 net profit also stood at a record RM87.16 million, up 66.4% as compared to RM52.39 million in FY2023, while revenue increased 24.2% to RM277.78 million versus RM223.64 million previously. It declared a fourth interim dividend of 6.5 sen per share – payable on March 26 – bringing the total dividend payout for FY2024 to 15.55 sen per share, higher than the 10 sen per share declared in FY2023. — Innoprise logs 4Q, full-year record profit on higher CPO average price, declares 6.5 sen dividend

Power, control and instrumentation cable manufacturer Master Tec Group Bhd’s (KL:MTEC) net profit surged 79.4% to RM7.35 million in 4QFY2024 from RM4.1 million a year ago on higher revenue and tax incentives. It posted a record quarterly revenue of RM96.42 million, up 17.3% from RM82.19 million in 4QFY2023. For FY2024, its net profit rose 14.9% to RM27.01 million from RM23.51 million in FY2023, as revenue increased 13.5% to RM324.04 million versus RM285.44 million a year earlier. No dividend was declared for the quarter under review. — Master Tec 4Q net profit up 79% on higher revenue, tax incentives

HeiTech Padu Bhd (KL:HTPADU), along with its consortium partner Austrian-based Voith Hydro GmbH & Co KG, has received a letter of acceptance from TNB Power Generation Sdn Bhd for a hydroelectric facility project worth RM1.04 billion. The contract, which will commence on March 31 with a duration of 100 months, is associated with the Hydro Life Extension Programme of Sungai Perak, where the consortium will undertake the engineering, procurement, construction and commissioning, as well as electrical, mechanical and associated civil works for SJ Temengor, SJ Bersia and SJ Kenering. — HeiTech Padu bags RM1.04b hydroelectric project; to diversify into RE power plant development

Construction outfit Nestcon Bhd (KL:NESTCON) has bagged a RM58 million contract from ST Dynamo DC Sdn Bhd (STDC) to undertake infrastructure works in Pulai, Johor Bahru. The project is expected to commence on February 24, with completion on Sept 25. — Nestcon bags RM58m infrastructure job in Johor