MeGroup 1H2027 net profit rises to MYR 5.03 million
Bitget2026/11/06 09:32- MeGroup’s net profit attributable to shareholders rose to MYR 4.83 million for the six months ended Sept. 30, 2026.
- Revenue climbed 27% year over year to MYR 220.32 million, primarily driven by growth in the dealership business.
- Gross profit margin declined to 9%, with manufacturing margins hurt by higher procurement costs following fire-related production disruption.
- Other income increased to MYR 10.05 million, mainly due to MYR 9.74 million in fire insurance compensation.
- Restoration of the fire-affected manufacturing premises is complete and production has resumed, while the consequential-loss insurance claim remains ongoing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Citi: Occidental Petroleum (OXY.US) Q3 cash flow surpasses expectations, accelerated debt repayment cannot hide concerns over Q4 output
Citi published a research report maintaining Occidental Petroleum's "Neutral" rating, with a target price of $65.
WikiLeaks Founder Julian Assange Welcomes Daughter With Terminator Quote
Bank of Japan minutes turn hawkish: Most members believe a rate hike is needed soon, with a 70% probability of a hike in December
Minutes from the Bank of Japan show that several members believe a rate hike is needed in the near term, with a roughly 70% probability of an increase in December. Core inflation has met the target for the first time in 30 years, and the current policy rate stands at 1.25%.
Former Chainlink Product Marketing Director Michael Robinson joins Monad Foundation
Crypto prices
More
