The Sun Biz

Al-Salām Real Estate Investment Trust posted a solid third-quarter performance for FY25, with revenue rising 12% year-on-year to RM65.7 million and net property income increasing 15% to RM44.7 million. The REIT’s growth was driven by strong retail contributions—particularly from KOMTAR JBCC—alongside disciplined cost management and improved funding strength following its oversubscribed RM455 million Sukuk Wakalah issuance. Year-to-date distributions have already surpassed FY24’s full-year payout, underscoring Al-Salām REIT’s strengthening earnings trajectory and resilient portfolio.

KUALA LUMPUR: JLG Reit Managers Sdn Bhd, the Manager of Al-`Aqar Healthcare Real Estate Investment Trust, recorded a stable revenue of RM29.2 million for...

Unitrade Industries Bhd posted a solid turnaround for the first half ended September 30, 2025, recording RM906.3 million in revenue and RM11.6 million in net profit, reversing last year’s loss. Growth was lifted by stronger wholesale contributions, a pivot toward higher-margin products, and surging demand in its renewable energy segment, which jumped 166% year-on-year. Gross profit rose 62.4% to RM68.4 million, supported by improved product mix and reversals of earlier impairments, underscoring the effectiveness of the group’s ongoing strategic realignment.

Sorento Capital Bhd reported a stable revenue of RM44.1 million for the first quarter ended September 30, 2025, but saw net profit surge nearly 60% to RM8 million on the absence of one-off listing expenses incurred a year earlier. The dealer channel continued to anchor performance, contributing 66% of total sales. The company is gearing up for further growth with the opening of its Sorento Concept Showroom in Johor, aimed at capturing rising cross-border demand—particularly from Singapore—and strengthening its market presence across Malaysia and Singapore.

Eden Inc Bhd posted a robust start to FY26 with a 56% surge in Q1 revenue to RM54.6 million, supported by strong performances across its Energy and F&B & Tourism segments. Profit after tax climbed 58% to RM7.5 million, reflecting strengthened operational fundamentals. The Energy division remained the key growth engine, boosted by full-capacity output from the Libaran plant, while rising demand and improved pricing lifted the F&B and tourism business. With ongoing plant optimisation and redevelopment plans for Underwater World Langkawi, the group expects to sustain its growth momentum throughout the year.