Companies that deliver excellent results and announce their financial result during August 2024 are included in this list.

Here are the criteria for entering the list.
1) QoQ profit growth > 20%,
2) Profit Before Tax > RM 2 mil


Company Note Industry Profit QoQ
MAG Holdings Higher demand from prawn and food trading division Aquaculture 197.00%
Greatech Organic growth for from the newly acquired Greatech Integration (Ireland) Ltd. Q1 2024 had a shortfall in revenue link to the revised plan for commissioning of Production Line System from a customer in the E-mobility industry. Automation Solution 51.30%
Joe Holdings Fair value gain of quoted investment Automotive Battery Turnaround
Topmix Positive demand contributed from High Pressure Lamintate (HPL) products and wall panels products Building Material 108.12%
Unique Fire Holdings Increase in demand from the construction and property development sectors as current projects resumed and new projects commenced. Building Material 65.57%
Ajiya Absence of fair value loss in the previous quarter. Building Material Turnaround
OKA Higher volume products sold by 5,000mt coupled with increase in average selling price. Building Material 106.00%
Techbond Higher operational efficiency attained Chemicals 21.98%
Hextar Global Bhd Higher profit margins earned from the Specialty Chemicals segment. Chemicals 65.48%
Reneuco Strong performance from chemical transport and crude palm oil transport services from the logistics segment Chemicals Turnaround
Sersol Reversal from deposit written off Chemicals Turnaround
Cyberjaya Education Group Higher student intakes taking place during this period and higher active student numbers . College 22.73%
Sunway Construction Accelerated progress in building and data centre projects Construction 20.60%
Pesona Metro Higher progress billing from on going projects and improvement in project margin. Construction 70.00%
Tafi Industries Higher revenue recognised from construction projects and commencement of revenue recognition from ongoing property development projects Construction 1877.00%
WCT Lower profit in preceeding quarter due to profit distribution to holders of Perpetual Sukuk Construction 93.75%
KJTS Absence of listing fee in the current financial quarter Construction Turnaround
GDB Recognition of improved profit from completed project. Construction 106.02%
Haily Group Increased civi engineering construction works. Construction 64.62%
Kimlun Corp Acceleration of construction progress of the SSRL project and reversal of impairment Construction 5728.00%
PTT Synergy Fari Value Gain from land Construction 227.11%
MRCB Contributions from the LRT 3 project and Muara Sg Pahang Phase 3 flood mitigation project. Construction 1605.00%
TRC Synergy Recognition of construction project and stronger performance from joint venture company  Construction 160.28%
Southern Score Builders commencement of a new project, i.e. main building works of PV 22 Residences project which started in March 2024. Construction 76.14%
UUE Engineering Increased revenue and profit margin for HDPE pipe trading segment, slight increase for underground utilities engineering solution segment. Construction 338.70%
Boustead Heavy Industries Higher contribution from the submarine contracts, lower negative contribution from joint ventures company due to increase in volume of maintenance works. Defence Turnaround
Cloudpoint Stronger contribution from cybersecurity solution subscription projects from customers Digital Services  
CTOS Higher profit of share from associcates. (JurisTech, CIBI Holdings) Digital Services 22.00%
JCB Next Dividend from Lion Rock Group Ltd and higher gains on disposal of shares in associate. Digital Services 36.56%
LGMS Stronger performance from cyber risk prevention segment, largely fueled by projects of higher values from the clients from financial services and technology sector. Digital Services 50.56%
Iris Corp Higher delivery of e-Passport and E-ID Card for overseas project Digital Services 211.76%
Excel Force Higher revenue due to higher transacted volume Digital Services 24.00%
Kucingko Enhanced human resource utilisation and improved operational efficiency for the current quarter. Digital Services 40.74%
PGF Capital Better performance in the Insulation segment and absence of a one-off reversal of grant income amounted to RM5.76 million which was amortised over the useful life of the upgraded equipment.  Diversified Turnaround
Sunway Group Stronger performance from all sector (Property development, property investment, construction, healthcare and quarry) Diversified 50.40%
Meta Bright Reversal of impairment losses on trade receivables for building material division, higher rental yield for leasing of vehicles and equipment in Australia, fair value gain on hotel properties, higher sales in Damai Suites projects Diversified 1821.00%
Chin Hin Group One off gain from the remeasurement of equity investment, higher gain on disposal of other investments Diversified 343.00%
Muhibbah Engineering better performance from Infrastructure Construction, Marine Shipyard and Concession divisions. Diversified 53.72%
Borneo Oil  fair value gain of RM228.35 million on quoted securities Diversified Turnaround
Hap Seng Consolidated Higher contribution from Property and Building Materials Divisions Diversified 20.00%
Scanwolf Improvement in profit margin in Manufacturing, reversal of share option reserve and partly offset by the impairment of certain fixed assets. Diversified Turnaround
DSR Taiko Higher harvested volume from orchard and increased export sales for downstream durian based product Durian 121.00%
Malakoff lower weighted average coal costs following stabilisation of global coal prices and gain arising from compensation for compulsory land acquisition. Electricity 142.00%
Tenaga Nasional Higher operating profit (8.4% electricity demand growth) and favourable forex translation Electricity 123.00%
EG Industries Continued recovery of market demand for consumer electronics, 5G wireless access and photonic-related
products.
Electronic Manufacturing Services 70.90%
Petra Energy Higher product margin, higher vessel utilisation rate, Received a Letter of Award from Petronas on the Banang Late Life Assets Production Sharing Contract for a period of 10 years from 1 June 2024. Energy 87.56%
Carimin Petroleum Better utilisation and charter rates, reversal of impairment for its AHTS. Kemaman yard will be operational by 2025. Energy 22.00%
Perdana Petroleum higher vessel utilisation at 89% compared to 62% in the first quarter of 2024 due to a shortage of vessels and the increase in offshore production and operation activities particularly in drilling and development projects by
oil majors.
Energy 472.00%
Deleum Higher activities from retrofit income, deliveries of exchange engines, commission income from mechanical and processes business, control and safety valves and flow regulator services and sales of turbines part and repairs. Energy 39.90%
Dayang Enterprise Higher vessels utilisation at 91% as compared to 48% in the first quarter of 2024 due to shortage of offshore support vessels for offshore production and operation activities. Energy 371.00%
MMHE Recognition of cost recovery claims in Heavy Engineering segment partially offset by lower operating profit in the Marine segment from its lower revenue. Energy 581.00%
Keyfield International Higher utilisation rate for vessel and higher average daily charter rate as moonsoon season in South China Sea (previous quarter) usually leads to lower charter rate Energy 131.00%
Uzma Stronger contribution for oil and gas segment across multiple divisions as a result of higher upstream activities. Energy 334.00%
T7 Global Stronger performance from industrial solutions division Energy 156.07%
Barakah Offshore Reversal provision for accrued purchases. Energy Turnaround
Propel Global  reversal of impairment losses on receivables of RM2.1 million and the absence of charges for the share-based payment/share grant and the incentive bonus payment in this financial quarter. Energy Turnaround
Velesto higher revenue from Drilling Services and also higher progress for i-RDC project Energy 43.33%
Icon Offshore Higher utilisation of vessels (63% vs 50%) and higher daily charter rates. The preceding quarter was adversely affected by provisions relating to replacement vessel and impairment of receivables. Energy Turnaround
EA Technique Write backs to other income as a result of the creditor scheme as well as costs associated with the group's implementation of the PN17 regularisation plan. Energy 1272.00%
JCY Increase in demand for hard disk drive and solid state drive. Capacity utilization rate reach 50% Engineering 86.79%
Pansar Bhd Higher gross profit, higher share of profit from associate Engineering 506.67%
Eita Strong performance from the elevator and busduct business, dragged by high voltage system segment Engineering 187.90%
Unimech Group Bhd Higher demand from valve, instrument, fittings and pumps Engineering 62.50%
Master Tec Higher revenue contribution from LV power cables. Higher administrative expenses incurred in the immediate preceding quarter was primarily attributable to the IPO expenses. Engineering 74.50%
Glostrext Higher number of service engagements from the provision of pile instrumentation and static load test services segment. Engineering 361.56%
Wentel Increase in orders for the assembly of finished products. Absence of one-off listing expenses. Engineering 205.73%
HE Group Absence of non-recurring listing expenses Engineering 97.30%
Dufu Higher demand for production of high precision metal manufacturing of hard disk drive (HDD) and electronic manufacturing services (EMS) division Engineering 42.00%
Foundpac Group Better performance from all division (Precision Engineering, laser stencils, automation, cables & connector) Engineering 62.21%
Critical Holdings Strong performance from the MEP Engineering Solution Segment. (Data Center, Cleanroom & Process Utilities, and Plantroom) Engineering 153.58%
Aimflex Stronger demand from manufacturing segment Engineering 155.00%
Mikro Msc Strong result from associate Engineering 110.19%
Menang Corp Adjustment made to reverse over-accrued liability Facilities Management 22.47%
UEM Edgenta Higher maintenance work performed for expressways by Infrastructure Services (“IS”) division, higher revenue was generated by Asset
Consultancy
Facilities Management 21.94%
Hextar Industries Higher delivery of fertilisers Fertiliser 21.70%
Nextgreen Global Growth was primarily driven by our manufacturing segment, with sales of NexBooster, an in-house liquid fertilizer brand Fertiliser 242.00%
M&A Equity Stronger performance from the corporate advisory services Financial Services 42.00%
Spritzer increase in bottled water sales volume. Food & Beverage 21.00%
EPB Group Bhd Growth in revenue with higher reversal of allowance for impairment
loss on trade receivables upon collection of the outstanding balances from the customers.
Food Packaging 99.77%
Mobilia Holdings Higher sales revenue contribution and fire insurance claim Furniture 31.92%
Magnum Strong jackpot run, lower prize payout Gaming 62.20%
Genting Malaysia Forex gain, lower share of losses in associates (Empire Genting) Gaming 75.00%
Hartalega Higher revenue and increased production efficiency. Gloves 114.30%
Optimax Customer tend to do surgery after the festive season. Healthcare 31.17%
Prolintas Excluded a one off IPO expenses recognised in the previous quarter Highway 93.75%
Signature International Increased profit margin from projects Household Goods 98.00%
FACB Industries Higher PBT reported by bedding Malaysia and higher profit contribution from associates. Household Goods 58.00%
Fiamma Holdings net gain on the sales of other investments in current quarter amounting to RM5.38 million, along with the net fair value gain of RM2.62 million recognised for other investments. Household Goods 221.91%
Ge-Shen Gain on deconsolidation of Demand Options Sdn Bhd Industrial Material, plastic, metal stampoing 45.00%
Dancomech Stronger performance from the division of trading and distribution of process control equipment, measurement instruments and industrial pumps  Industrial Product 27.17%
Success Transformer Gain on disposal of investment property Industrial Product 65.00%
SKB Shutter Increase in sale of shutters product and reduced manufacturing cost Industrial Product 13.92%
Chinwell Stronger performance from fasterner product division Industrial Product 47.51%
Malpac Fair value gain on quote shares and unit trust Investment 113.07%
Fintec Global Fair value gain on the marketable securities Investment Turnaround
AGX Higher gross profit generated from the air freight forwarding and aerospace logistics segments, as well as lower listing expenses. Logistics 882.00%
Benalec Lower revenue but lower administrative expenses Marine Engineering Turnaround
Media Prima Reversal of accrual for site occupancy fee pursuant to the termination of an advertising agreement Media 1662.00%
PMB Technology better contribution from metallic silicon plant Metal 92.31%
MHC Increase in Fresh Fruit Bunch production, higher selling price for Crude Palm Oil and Palm Kernel Palm Oil 99.00%
Sarawak Plantation Higher selling price for Crude Palm Oil and Palm Kernel Palm Oil 65.58%
Far East Holdings Berhad Higher Fresh Fruit Bunch production Palm Oil 84.00%
KL Kepong Stronger performance from property development segment, lower losses from overseas associate, Synthomer. Palm Oil 54.70%
Batu Kawan Bhd Stronger performance from property development segment, lower losses from overseas associate, Synthomer. Palm Oil 41.70%
Innoprise Plantations Higher sales volume for Crude Palm Oil and Palm Kernel Palm Oil 48.00%
SD Guthrie Increase in Fresh Fruit Bunch production, higher selling price for Crude Palm Oil and Palm Kernel. Higher margin for downstream refineries business Palm Oil 97.00%
Cepat Wawasan Increase in Fresh Fruit Bunch production, higher selling price for Crude Palm Oil and Palm Kernel. Palm Oil 141.61%
Riverview Rubber Estate Increase in both the production and average price of Fresh Fruit Bunch Palm Oil 78.61%
United Plantation Increase in Fresh Fruit Bunch production, higher selling price for Crude Palm Oil and Palm Kernel. Higher margin for downstream refineries business Palm Oil 40.10%
IOI Corp Forex gain, fair value gain on biological asset, fair value gain on derivative financial instruements, reversal of impairment on plasma receivables Palm Oil 132.50%
Muar Ban Lee Group Other income of RM10 million being retained by MBL Plantation Sdn Bhd  as liquidated assessed damages following the settlement of Civil Suit. Palm Oil 211.90%
FGV Increase in fresh fruit bunch production, increase margin in fertiliser business, increase sales volume for oil & fats division, higher selling price and incentive received for sugar division, higher income from multi modal transport operator and baggage handling for Haji and Umrah pilgrims Palm Oil 156.76%
Rimbunan Sawit Higher production volume and higher selling price Palm Oil 328.60%
Genting Plantation Higher palm product prices and improved FFB production. Palm Oil 82.00%
Negeri Sembilan Oil Palm Increase in Fresh Fruit Bunch production, higher selling price for Crude Palm Oil and Palm Kernel Palm Oil 102.38%
NPC Resources Increase in Fresh Fruit Bunch production, higher selling price for Crude Palm Oil and Palm Kernel Palm Oil 231.82%
Glotec Increase in Fresh Fruit Bunch production, higher selling price for Crude Palm Oil and Palm Kernel Palm Oil 83.82%
Sarawak Oil Palms Favourable fair value movement in derivatives during the quarter. Palm Oil 33.00%
Kretam Holdings Higher selling price for Crude Palm Oil and Palm Kernel Palm Oil 115.00%
CB Industrial Product Improvement in the refinery with a lower loss incurred as compared to preceding quarter. In addition, palm oil equipment and engineering, and the palm oil plantation and milling segments posted a higher profits Palm Oil 424.50%
Jaya Tiasa Higher crude palm oil and palm kernel selling price, higher mill utilisation Palm Oil 85.00%
Ayer Increase in Fresh Fruit Bunch production, higher selling price for Crude Palm Oil and Palm Kernel. Property division higher revenue recognition from Bromelia and Dahlia project Palm Oil, Property 37.00%
HPP Holdings Higher sales from higher yield product mix, as well as increase in sales by 49.37% to Taiwan and Thailand customers. Paper Packaging Turnaround
Kotra Industries Higher sales of supplement products in both local and export markets and increased pharmaceutical product sales in the export market, offset by a decline in pharmaceutical product sales in the local market. Pharmaceutical 82.70%
Leong Hup International Lower feed revenue but higher feedmill margin, higher average selling price of day old chick and broiler chickens in Indonesia Poultry 47.70%
PWF higher average selling price of broiler and egg subsidy received from the Government Poultry 207.47%
Sunsuria Bhd Higher progressive profit recognition from Bangsar Hill Park, Seni Residences in Sunsuria City and Kejora Business Park - Semi D Industrial (Phase 1) in Puncak Alam. Property 21.00%
I- Bhd Higher sales and recognition of work progress and profits from ongoing development of BeCentral Residences. Property 39.00%
Selangor Dredging Strong performance for Jia Project in Bukit Serdang, 19 Tree Project in Melawati, absence of marketing expenses for Singapore projects. Property 315.36%
SP Setia Contribution from land sales in Taman Pelangi Indah 2. Property 157.62%
OCR Higher sales and accelerated progress in the ongoing projects, namely Isola KLCC and The Mate, Damansara Jaya, Property 108.06%
Oriental Interest Berhad Improvement in margin in property development segment Property 191.00%
Ecofirst Consolidated Fair Value gain on investment properties Property Turnaround
Country View Berhad Higher number of Aurora Resort Villas (ARVs) at Aurora Sentral that were sold. Property 145.00%
Huayang Lower tax expenses Property 52.90%
Guocoland Improved contribution from the property development division, fair value gain of RM3.6 million for investment properties and one-off net gain arising from increase in interest in Tower REIT of RM34.6 million Property 1354.00%
GUH Stronger contribution from property division Property Turnaround
Magna Prima Profit derived for the development of the Jalan Ampang Land and reversal of other operating expenses in prior year. Property 99.00%
UOA Development Higher progressive recognition from the Group’s ongoing development projects. Property 23.90%
Dutaland Higher contribution from the property development for the Oakland, Seremban project. Property Turnaround
WMG Sale of land held for development Property Turnaround
HHRG Increase in other income as gain on disposal of investment properties Property 218.96%
Sime Darby Property Strong segment results from property development segment and a turnaround in the leisure segment Property 30.10%
Land & General Share of profit from its joint venture in Hidden Valley Pty Ltd  and its associate
Country Garden Properties (M) Sdn. Bhd. (phase 5, Emerald)
Property Turnaround
Yong Tai Higher profit contribution from hotel. Property 1713.00%
Paragon Globe Land sales in Desa Cemerlang, Johor and sales of detached factories in Pekan Nenas, Johor. Property 192.36%
Paramount Corp  Higher work progress and sales achieved with The Ashwood as the key sales contributor. Property 115.00%
Mulpha International Dividend income from the Group’s investment securities in Hydra RL TopCo Pty Limited Property Turnaround
Naim Holdings Amicable settlement of a litigation with a contractor Property Turnaround
Multi Usage Holdings higher sale of completed properties and gain on disposal of a subsidiary. Property Turnaround
Tanco Higher contribution from property development and management segment Property 1784.00%
Tropicana Higher sales from new launch, gain on quoted shares and lower finance cost Property 241.26%
Ideal Capital Strong sales performance from its residential project and Penang Technology Park @ Bertam Property 87.32%
Chin Hin Group Property Stronger performance from construction division, gain from investment in quoted shares Property 63.51%
Mayu Global Fair Value gain on investment properties Property 63.48%
Mui Properties Fair value gain on unquoted investment Property Turnaround
Eden Inc Recognition of fair value gain on Gebeng Land Property 3511.00%
MK Land Strong performance from property development segment (Damansara Perdana, Damansara Damai, Taman Bunga Raya, Klebang Putra, Meru Perdana) Property 6525.00%
South Malaysia Industries Fair Value gain on investment properties Property Turnaround
Hektar Reit Recognition of the newly acquired education asset, Kolej Yayasan Saad. REIT  
Tower Reit Improved occupancy and lower property operatin expenses REIT 50.00%
YTL Reit Fair value gain on property owned. REIT 120.30%
Sunway Reit Better performance of the Retail segment in Q1 2024 from year-end and new year festivity celebrations. The unrealised loss in current quarter was primarily derived from revaluation gain for the acquisition of six Sunway REIT Hypermarkets. REIT 66.80%
KIP Reit Acquisition of KIP Mall, Kota Warisan REIT 29.00%
Pekat Group Earthing and lightning protection division experienced higher project execution rates. Renewable Energy 22.40%
Samaiden favourable profit margin of on-going projects in this quarter. Renewable Energy 41.40%
7 Eleven Higher Gross Profit, addition of new stores, introduction of Ready To Eat meal Retail 69.60%
Petronas Dagangan Higher gross profit for Mogas and Diesel in line with favourable MOPS prices
trend and improved demand, offset by higher operating expenditures and product costs. Higher gross profit on Diesel and Jet A1 on the back of favourable MOPS prices trend and improved demand. Higher sales for Kedai Mesra, Café Mesra and PETRONAS Shop merchandise during the quarter
Retail 21.00%
SMTrack Berhad Reversal of allowance of expected credit losses Semiconductor Turnaround
Unisem Foreign exchange gains recorded in the current quarter against the foreign exchange losses reported previously as well as higher income from scrap sales. Semiconductor 79.00%
Malaysia Pacific Industries Reversal of Executive Share Scheme Provision Semiconductor 124.66%
QES Revenue growth, and a better gross profit margin generated from both manufacturing and distribution divisions. Semiconductor 150.20%
Vitrox Favourable sales due to gradual recovery in the semiconductor industry Semiconductor 63.10%
TT Vision Success delivery of solar cell inspection and sorting equipment. Semiconductor 135.40%
Nationgate Holdings Strong demand from Data Computing Segment Semiconductor 62.30%
Sealink Higher utilisation of vessel and improved charter rate, Higher ship repair activities Shipbuilding 45.00%
IFCA Software Strong growth in Malaysia segment attributable to new customer wins, growing orders and billings for software upgrades and Einvoice compliances. Software 221.38%
Masteel higher margin and gain in unrealized foreign exchange. Steel 415.81%
TSA Slight increase in market demand for products in Malaysia and Singapore, after the dip in the previous financial quarter caused by softer demand during the festive seasons. Steel pipe 104.20%
Hong Leong Capital Stronger stockbroking, investment banking performance. One off performance fee received for fund management sector.  Stock Broking 76.90%
Apex Equity Higher volume in stock broking activities and better performance from money lending activities Stock Broking 102.21%
Redtone Higher fair value gain on investment Telecommunication 100.91%
Axiata Weaker performance for Indonesia, Bangladesh, Sri Lanka and Digital (Boost) Market. Stronger performance for Cambodia, Infrastructure And Digital (Ada) Telecommunication 26.70%
British American Tobacco Volume increased by 52.8% leading to a revenue growth of 55.5% from RM412 million to RM640 million. The gross profit margin improved by 3.4% to 24% due to the positive impact of a better product mix.  Tobacco 22.70%
YTL Power Better performance by the investment holding activities and telecommunications segment Utilities 64.10%
PBA Increase of water tariffs for domestic and other categories from 1 February 2024 . Water Utilities 284.00%