Kuala Lumpur News

In this latest installment of Kuala Lumpur news, businesses across various sectors report significant achievements, highlighting financial growth, technological advancements, and strategic collaborations. From surging revenues in the food processing and renewable energy sectors to cutting-edge innovations in digital identity and fintech, these updates showcase the city’s dynamic economic landscape and its drive toward sustainable and inclusive progress.

1337 Ventures Leads Accelerator
1337 Ventures announced its role as lead accelerator for the TeXnovasi programme, aiming to address Malaysia’s financial challenges through innovation in fintech and support for underserved communities.

Globetronics Revenue Rises
Globetronics Technology Bhd reported RM29.3 million in revenue for the quarter ended 30 September 2024, a 5.4 per cent increase from the prior quarter, driven by higher customer volume loadings. Despite the revenue growth, a RM4.1 million pre-tax loss was recorded due to RM8.1 million in foreign exchange losses.

PUC Revenue Grows
PUC Berhad achieved RM4.9 million in Q1 FY2025 revenue, driven by its Presto ecosystem and OmniChannel growth. However, increased marketing expenses led to a RM11.46 million loss after tax. Key segments reported significant revenue increases compared to the prior quarter.

Samaiden Records Profit Growth
Samaiden Group Berhad reported RM49.4 million in Q1 FY2025 revenue, up 7.0 per cent year-on-year. Profit before tax grew 10.6 per cent to RM4.4 million, supported by cost efficiencies and high-margin projects. Its order book reached RM521.16 million.

Lotus KFM Revenue Stable
Lotus KFM Berhad posted RM13.8 million in Q4 FY2024 revenue, up 1.42 per cent year-on-year, driven by biomass operations and steady flour and starch trading contributions. Profit before tax declined to RM0.1 million due to forex challenges and older stock pricing policies.

MClean Revenue Surges
MClean Technologies Berhad reported RM16 million in Q3 2024 revenue, reflecting 47 per cent growth year-on-year. Total comprehensive income reached RM4.5 million. Strategic initiatives and a proposed acquisition are expected to support long-term profitability.

AmanahRaya REIT Improves
AmanahRaya REIT reported RM18.8 million in rental revenue for Q3 FY2024, a 6.3 per cent increase year-on-year. Net realised income before tax surged 160.5 per cent, supported by improved occupancy rates and proactive asset management. The REIT’s portfolio remains resilient with ongoing strategic initiatives.

World ID Launches
World ID Credential is now available for iOS users in Malaysia, enabling secure digital identity verification using Zero-Knowledge Proof (ZKP) technology. The feature ensures privacy and allows users to authenticate identity without visiting physical locations.

Globetronics Partners POET
Globetronics collaborates with POET Technologies to advance manufacturing of Optical Engines for data centers and telecommunications. The partnership combines Globetronics’ expertise in assembly and POET’s cutting-edge designs.

EPB Revenue Surges
EPB Group reported RM38.48 million in Q3 FY2024 revenue, an 82.13 per cent increase from the previous quarter, driven by higher order deliveries in food processing machinery. The Group recorded a PBT of RM4.18 million.

Colform Expands Reach
Colform Group Berhad received approval for an ACE Market listing to enhance steel solutions and expand operations across Malaysia. Plans include a new production line and facilities in Kota Kinabalu and Klang.

SDCG Grows Revenue
Solar District Cooling Group achieved RM5.41 million in Q3 FY2024 revenue, up 16.6 per cent from Q2. Growth is attributed to progress in renewable energy and energy efficiency projects.