BIMB Holdings Berhad (BHB”), the country’s only Islamic financial holding company, reported a PBZT for the six months ended 30 June 2017 of RM461.4 million, representing a growth of 5.3% or RM23.2 million compared with the corresponding period in 2016 of RM438.2 million. BHB registered an annualised pre-tax Return on Equity (ROE) of 20.0% and after-tax ROE of 14.2%.
The net profit attributable to shareholders grew by 2.8% or RM7.8 million to RM286.8 million during the same period. Consequently, net asset per share also improved to RM2.69 as at 30 June 2017 compared with RM2.44 as at 31 December 2016.
Thong Guan Industries Bhd, one of the leading stretch-film players, which has announced its second quarter results for the financial year ending 31 December 2017 (Q2FYE2017), reported that it has steadily increased its revenue.
For the quarter under review, the increase in revenue was contributed from the increase in sales volume of the plastic product which was mainly derived from export sales. The Group’s gross profit margins also rose due to its export sales of premium stretch films, PVC food wrap and industrial bags.
Sunzen Biotech Bhd, which last week announced its second quarter results for the financial year ending 31 December 2017 (“Q2FYE2017”), achieved an outstanding growth in Revenue and Profit After Tax (“PAT”) compared to the same period in FY2016.
The significant improvement in financial performance can be attributed to the Group’s trading of crude palm oil, palm kernel and palm kernel shell that commenced since Q1FYE2017. The Group also successfully implemented measures to improve operational efficiency as lower operating expenses was incurred in the current quarter.