Malaya Cement Limited (Malayan Cement Bhd) kicked off its 2026 fiscal year with a record performance, achieving a net profit of RM200.57 million in the first quarter ended September 30, 2024, up 43.84% from RM139.44 million in the same period last year. Revenue also rose 3.84% year-on-year to 1.22 billion ringgit, both hitting record highs. Documents submitted to the exchange show that this impressive report card is mainly due to the strong performance of cement, aggregate and concrete business, as well as the reduction of maintenance costs and the continuous promotion of efficiency improvement measures. Despite the strong performance, the company did not declare a quarterly dividend. Malayan Cement has shown full confidence in its
future growth prospects. The company pointed out that a series of major infrastructure projects in Malaysia will be a strong support for demand, including large-scale civil engineering construction, residential development and the construction of logistics hubs, data centers and industrial facilities. Of these, the Johor-Singapore Special Economic Zone was particularly highlighted as a key catalyst. According to the forecast of Johor government officials, this cross-border cooperation economic zone is expected to create up to 100,000 jobs by 2030, contributing $26 billion annually to Malaysia's economy, especially the demand for residential property around the economic zone is expected to rise significantly. The cooperation agreement was formally signed by the governments of Singapore and Malaysia in January this year. In addition, Malaysia's young and rapidly urbanizing population structure also provides a fundamental guarantee for the long-term demand of the cement industry.
Faced with the uncertainty and volatility of the global economy, Malayan Cement maintained a "cautious optimism" attitude and made it clear that it would continue to tap the potential of efficiency in operation, logistics and distribution.
浙公网安备33010802003254号