Companies listed on Bursa Malaysia with outstanding quarter results for the month of June 2022.
the period June 2022, no specific industry delivered outstanding quarter results.
Companies that deliver excellent results and
announce their financial result during June 2022 are included in this list.
||With the reopening of economic
sectors and a relative return to normalcy, the Group’s nine-month earnings
surged 47% on the back of higher property and construction earnings as work
on all fronts picked up pace. Property sales rose 23% as local sales doubled
whilst overseas sales contributed 53% of total property sales. The Group’s
quarterly earnings surged 56% due to stronger overseas property earnings.
|COMINTEL CORPORATION BHD
increase in Group's revenue and profit before tax mainly due to Construction
segment. The Construction segment which is contributed entirely by Total
Package Work Sdn Bhd ("TPW"), a wholly owned subsidiary of the
Company. Higher revenue recorded in the current quarter under review
was contributed by Comintel System Technologies Sdn Bhd ("CST"),
a wholly owned subsidiary of the Company,
& GENERAL BERHAD
have been gradually lifted which has allowed business to resume. The improved
demand for oil products has
benefited the Downstream Division that provides tanker services to
transport oil and chemicals, as well as the Upstream Division that provides
offshore support services, as oil and gas companies resume their drilling
exploration activities. Higher contributions from both the Upstream and the
Downstream Divisions in line with:
better vessel utilisation in the current quarter,
deployment of all tankers under time charter (“TC”) as compared to three
tankers in the preceding year corresponding quarter.
|SAPURA ENERGY BERHAD
due to foreign exchange gain arising from appreciation of US Dollar
("USD") against Ringgit Malaysia. Operations
and Maintenance - primarily due to higher project
activities in the current quarter. Exploration and
Production - mainly contributed by impairment
charges, offset by higher lifting price in the current quarter.
HUAT RESOURCES HOLDINGS BERHAD
||Ramped up production to clear
order backlogs following the resumption of production after MCO3.0. Both
plants enjoyed labour efficiency and better factory utilisation rate from the
increased level of production activities.Higher gross profit due to better
average selling prices following adjustments in the beginning of 2022 and the
use of raw materials stocked in the earlier periods.
|KYM HOLDINGS BHD
attributable to higher revenue achieved by Multiwall Industrial Paper Sacks
division. The improvement was largely due to higher profits
contribution from the Multiwall Industrial Paper Sacks division as a result
of higher sales volume for all products.
LOONG RESOURCES BERHAD
||Higher average selling prices of
FFB and CPO by 56% and 58% respectively. Plantation
operations - The higher revenue and profit for the
current quarter and the year-to-date as compared to the corresponding period
last year were mainly due to higher FFB production and average FFB selling
price by 7% and 56% respectively. Palm oil milling
operations- The higher revenue from the milling
operations for the current quarter and the year-to-date as compared to the
corresponding period last year was mainly due to higher average CPO selling
price by 58%.
|CRESCENDO CORPORATION BERHAD
property development and construction operation,operating profit increased 61% mainly due to change in sales
mix with higher sales from commercial properties with better profit margin. Manufacturing and trading operation
profit increased 22% and 66% respectively due to higher
sales demand in concrete products. The reduction of Real Property Gains Tax
rate for disposal made by individuals in the 6th year onwards from 5% to 0%
are also expected to support a recovery in the property sector.
||Group’s profit before tax for
current quarter increased by 173.0% or
RM15.9 million as compared to the immediate preceding quarter, mainly due
to better profit margin recorded for the quarter end.
Here are the criteria for entering the list.
1) QoQ profit growth > 20%,
2) YoY profit growth> 20%
3) Profit Before Tax > RM 2 mil
Companies that delivered excellent results due
to one-off events such as the events below are excluded from the list.
1) One-off disposal gain or revaluation gain
2) Fair value gain in quoted securities
3) One-off gain on bargain purchase
4) Fair value adjustment on investment property
5) Gain from disposal of subsidiary
6) Reversal of provision of doubtful debt
7) Impairment loss in the preceding quarter
8) Leap companies are also excluded from the
list due to a lack of liquidity
9) Companies that are loss-making in the
preceding quarter are excluded