KYM Latest QR Results

The key points from the provided documents are as follows:

1. Financial Results for the Period Ended 31 July 2024
- Assets and Liabilities: Total assets increased to RM177,806,000 as of 31 July 2024 from RM167,716,000 as of 31 January 2024. Equity attributable to owners of the company increased to RM113,662,000 from RM111,985,000, and total liabilities increased to RM64,144,000 from RM55,731,000.
- Revenue and Profit: Revenue decreased to RM44,815,000 for the six months ended 31 July 2024 from RM49,196,000 in the comparable period in 2023. Profit for the same period was RM1,677,000 compared to RM10,783,000 in 2023.
- Cash Flows: Net cash from operating activities was RM2,020,000, net cash (for)/from investing activities was (RM848,000), and net cash from/(for) financing activities was RM6,759,000, resulting in a net increase in cash and cash equivalents of RM7,931,000.
2. Notes to the Financial Statements
- The interim financial statements are unaudited but prepared in accordance with relevant standards and consistent with the previous audited statements.
- There were no audit qualifications, seasonal or cyclical factors, unusual items, material changes in estimates, or significant events subsequent to the reporting period that would affect the financial statements.
- The Group's turnover is mainly contributed by the manufacturing of industrial packaging materials.
- There were no significant changes in the valuations of property, plant and equipment, or investment properties.
- There are no capital commitments not provided for in the interim financial statements.
3. Review of Performance
- Revenue decreased by 15.96% in the quarter ended 31 July 2024 compared to the same quarter in 2023, mainly due to slower sales in the Carton Box division.
- Profit before tax increased in the current quarter and period due to cost optimization initiatives in the Multiwall Industrial Paper Sacks division and the absence of a one - off gain in the Investment holding/Others segment.
- The Group is exploring opportunities in innovative and sustainable packaging products, has completed the installation of rooftop solar PV systems, and is managing the impact of the Red Sea crisis on procurement.
- There is no published forecast or profit guarantee, and the Board is cautiously optimistic about the Group's performance for the remainder of the financial year.
4. Press Release for 2QFY2025
- KYM reported total revenue of RM22,094,000 for 2QFY2025, with a slight reduction quarter on quarter and year on year due to slower sales in the Carton Box division.
- Profits before tax for 2QFY2025 surged 438% year on year to RM1,351,000.
- The Manufacturing segment improved due to cost optimization in the Multiwall Industrial Paper Sacks division.
- The Group is focused on developing new plastic free film paper packaging solutions and integrating sustainability initiatives.
- The Board is cautiously optimistic about the Group's performance for the remainder of the year.

Determining if it is worth investing in KYM Holdings Bhd requires a comprehensive analysis considering various factors such as the company's financial health, market conditions, industry trends, and competitive landscape. While the company has shown some improvements in certain areas and is taking steps towards sustainability and innovation, the decrease in revenue and the impact of market challenges on the Carton Box division are concerns. Additionally, the overall performance and prospects should be evaluated in the context of the investor's goals, risk tolerance, and investment horizon. It is recommended to consult with a financial advisor or conduct further research before making an investment decision.