KUALA LUMPUR: Kumpulan Perangsang Selangor Bhd’s (KPS) net profit grew multifold to RM21.09 million from RM4.55 million a year earlier, driven by a RM10.5 million gain from the disposal of CBB’s Nilai plant.
The group also benefitted from RM9.5 million lower net foreign exchange losses during the quarter, while finance costs declined by RM2 million following the full settlement of its Sukuk in July 2024 and the annual repayment of its term loan in August.
However, quarterly revenue slipped 2.5 per cent to RM268.72 million from RM275.63 million in the same period last year.
For the cumulative nine months of financial year 2025, KPS posted RM42.25 million in net profit, a 35 per cent decline from RM64.99 million previously, while revenue fell 4.6 per cent to RM781.10 million from RM818.49 million.
In a statement, KPS said it remains committed to strengthening operational performance and enhancing contributions from its portfolio companies, while navigating a challenging business environment.
It added that the introduction of United States tariffs dampened the operating environment and consumer sentiment, contributing to greater volatility across key industries such as electronics, automotive, and healthcare.
Demand recovery in the manufacturing sector remained uneven as customers recalibrated their portfolios to align with shifting market conditions.
Meanwhile, the packaging sector continued to face challenges from intensified competition originating from China through low-cost exports, resulting in oversupply, heightened price pressures, and market displacement among local players.
Managing director and group chief executive officer Ahmad Fariz Hassan said the company continues to implement measures to mitigate the impact of subdued market sentiments, focusing on driving revenue growth through diversification into new regions and industries, and expanding product offerings to existing customers.
He said business development remains a key growth driver, and despite the mixed quarterly performance, Toyoplas, CPI, MDS Advance, and CBB expanded their customer base and secured multiple new projects across various sub-industries.
These include toys, musical instruments, laboratory equipment, electric vehicle chargers, and automation solutions.
Aqua-Flo also strengthened its pipeline after securing two three-year framework agreements from Air Selangor, valued at RM53.1 million and RM78.1 million respectively, for the supply of water treatment chemicals.
“These collective efforts reinforce the Group’s strategic focus on expanding its market reach, deepening customer relationships, and enhancing revenue diversification to drive sustainable growth across its core businesses.
“The disposal of CBB’s Nilai plant demonstrated our proactive restructuring approach, allowing the business to redeploy capital into higher-yield areas that support higher growth potential,” Ahmad Fariz said.
© New Straits Times Press (M) Bhd
