SHAH ALAM, Malaysia, Feb 28 (Bernama) — Kumpulan Perangsang Selangor Berhad (“KPS Berhad” or “the Group”) (KPS, Bursa: 5843; Bloomberg: KUPS:MK; Reuters: KPSB.KL) announced today a higher revenue of RM1,064.8 million for the fiscal year ended 31 December 2024, compared with RM1,046.1 million recorded in the same period last year (“FY2023”). The operating profit rose from RM38.8 million to RM121.0 million, mainly because of the gains from the divestment of 50% of its equity stake in Kaiserkorp Corporation Sdn Bhd (“Kaiserkorp”) in March 2024. Consequently, the Group’s profit after tax and zakat (“PAT”) leapt to RM73.1 million from RM1.4 million in the corresponding period last year.
HIGHLIGHTS FOR THE QUARTER ENDED 31 DECEMBER 2024
KPS Berhad registered RM274.6 million in revenue for the quarter ended 31 December 2024, slightly higher than the RM273.5 million it recorded in the corresponding quarter last year (“Q4’23”), reflecting a more sanguine segmental performance across its subsidiaries despite challenging market conditions.
