Doubling net profit boosts stock prices

The contribution to industrial development increased sharply, driving the net profit of the Sennami industry to surged 1.03 times year-on-year to RM123,582,000 in the first quarter of fiscal year 2024.

First-quarter turnover increased by 42.81% per year to RM98,691,000.

Managing director Dato' Azmi Maliken said that the company's overall performance exceeded expectations. This is also a strong performance due to the effectiveness of diversified products and revenue trajectory strategies.

At the same time, he pointed out that the industrial development fund created by the company and LOGOS, a leading logistics industry expert in the Asia-Pacific region, has come to an end, and the commitment of a total capital of RM1 billion highlights the confidence of the industry and foreign investors in the project.

This fund mainly focuses on investment in Klang Bukit Rajah City and development of high-quality industrial and logistics industry assets. ,