revenue
Group's strategic PTM Acquisition and Rebranding Marks a New Growth Chapter KUALA LUMPUR, Nov 23, 2023 - (ACN Newswire) - Varia Berhad ("Varia" or the "Group"), an experienced player in the field of construction, property investment, and property development, heralds a new era with a substantial upswing in Q2 FY2024 financial performance and strategic corporate developments. The Group's transformative steps include the acquisition of Pembinaan Teguh Maju Sdn Bhd ("PTM") and a dynamic rebranding to Varia Berhad. In Q2 FY2024, Varia Berhad recorded a substantial increase in revenue and profit. R...
ACN Newswire
Robust B2C expansion and strong global presence fuel impressive third-quarter results SHAH ALAM, Malaysia, Nov 23, 2023 - (ACN Newswire) - Synergy House Berhad (“Synergy House” or the “Group”), a cross-border e-commerce seller and furniture exporter of ready-to-assemble (“RTA”) home furniture, today announced outstanding financial results for the third quarter ended 30 September 2023 (“3Q FY2023”). In a remarkable display of growth, the Group reported a robust revenue of RM69.2 million and profit after tax (“PAT”) of RM8.1 million for 3Q FY2023, indicating significant quarter-on-quarter improv...
ACN Newswire
New York (AFP) - Twitter owner Elon Musk said Saturday that the social media platform he bought for $44 billion last October has lost roughly half of its advertising revenue. "We're still negative cash flow, due to ~50% drop in advertising revenue plus heavy debt load," the billionaire said in a post, responding to a user who was giving suggestions on financing for the platform. "Need to reach positive cash flow before we have the luxury of anything else," he added, without further elaboration. Insider Intelligence has reported that Twitter was set to earn less than $3 billion in 2023, down on...
AFP
Whenever an ecommerce team wants to spark intentional, targeted revenue growth, they must choose between two distinct paths: broadening their target audience or deepening their investment in their current customers. Each of these has its pros and cons, and often circumstantial factors can help a team decide which one to pursue. If your company is debating between investing in breadth versus depth with your ecommerce brand, here are a few thoughts to help guide your decision. Focusing on a nicheThe first way to grow your ecommerce revenue streams is by doubling down on what you already do well....
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You didn’t start your company to lose money. However, you don’t want to just break even, either. Ideally, you want the healthiest possible profit margin. And that one way to do that is by growing your revenue streams. As a refresher, revenue is the cash coming into the business. Typically indicated at the top of your organization’s income statement, revenue is highly variable. Some years it might be up, some years it might be down. Ideally, you want your revenue to be as strong as possible to offset variable expenses. Of course, boosting your revenue usually doesn’t happen without a little tin...
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Group's financial performance supported by higher margin and contribution from biopharmaceutical business PETALING JAYA, Malaysia, Aug 30, 2022 - (ACN Newswire) - Malaysian Genomics Resource Centre Berhad, a leading genomics and biopharmaceutical specialist, reported revenue of RM6.33 million for the fourth quarter ended 30 June 2022 (4Q 2022) compared with the loss of RM0.07 million in the corresponding quarter of the previous financial year (4Q 2021) on higher contribution from the biopharmaceutical business and continued organic growth of the genetic testing business. The Group recorded a p...
ACN Newswire
Group's financial performance is supported by higher average selling prices for both trading and processing of steel SHAH ALAM, Malaysia, May 30, 2022 - (ACN Newswire) - Leon Fuat Berhad, a manufacturer and trader of steel products, specialising in rolled long and flat steel products today released the Group's financial results for the first quarter ended 31 March 2022 (Q1FY2022) registering a 29.1% increase in revenue to RM273.02 million compared with RM211.48 million recorded in the corresponding quarter of the preceding financial year (Q1FY2021). For the quarter under review, profit before ...
ACN Newswire
Strong manufacturing activities support demand for Company's integrated solutions PENANG, Malaysia, May 27, 2022 - (ACN Newswire) - CNERGENZ Berhad (CNERGENZ), an established electronics manufacturing solutions provider based in Penang, has announced its financial results for the first quarter ended 31 March 2022 (1QFY2022) today. The Company registered revenue of RM36.9 million for the 1QFY2022, primarily contributed from the sales of standalone surface mount technology (SMT) machines and equipment constituting 60.9% of its total revenue. In addition, sales generated from the provision of int...
ACN Newswire
- Group swings back to profitability on distribution of immunotherapy treatment- Redesignation of Noor Azri bin Dato' Sri Noor Azerai as Executive Director PETALING JAYA, MALAYSIA, Feb 16, 2022 - (ACN Newswire) - Malaysian Genomics Resource Centre Berhad ("MGRC" or "the Group"), a leading genomics and biopharmaceutical specialist, today announced that it recorded revenue of RM7.63 million for the second quarter ended 31 December 2021 ("2Q FY2022"), a significant increase of RM7.49 million compared with revenue of RM0.14 million for the corresponding quarter of the previous year. The increase i...
ACN Newswire
- Hektar REIT posts RM25.7 million revenue in 2Q2021- Government's move to allow reopening of more retail businesses seen positively- Continued commitment towards ESG results in Greenhouse gas emission (CO2e) avoided of 14.3 million kg over 5-years KUALA LUMPUR, Aug 26, 2021 - (ACN Newswire) - Hektar Asset Management Sdn. Bhd., the Manager of Hektar Real Estate Investment Trust ("Hektar REIT"), today announced the second quarter results ended 30 June 2021 ("2Q 2021"). Hektar REIT recorded revenue of RM25.71 million, which is 4.5% higher than the RM24.60 million recorded in the same quarter of ...
ACN Newswire
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