KGW Group Berhad (“KGW”) has achieved significant growth in the Logistics Industry in recent years, not only bouncing back strongly in financial performance but also making strategic progress in business expansion. The company's Earnings Reports for the fourth quarter of 2024 show a substantial increase in revenue, with profitability clearly rebounding, further consolidating its competitiveness in the Industry.
According to the latest Earnings Reports data, KGW's revenue for the fourth quarter of the 2024 fiscal year reached 28.48 million Ringgit, an increase of 63.5% year-on-year, marking significant growth compared to 17.42 million Ringgit in the same period last year. This growth is primarily attributed to its strong performance in the Logistics Sector, particularly in the Marine Transportation Business. For the whole year, KGW's revenue for the 2024 fiscal year climbed to 0.13423 billion Ringgit, an increase of 87.8% compared to the 2023 fiscal year.
In terms of profitability, the company has achieved a remarkable turnaround. The pre-tax profit for the fourth quarter of 2024 reached 3.63 million Ringgit, a strong rebound compared to a loss of 0.47 million Ringgit in the same period of 2023. The after-tax profit reached 2.34 million Ringgit, while a loss of 0.38 million Ringgit was recorded in the same period last year. Consequently, the EPS for the fourth quarter of 2024 reached 0.48 cents, a significant improvement over the loss of 0.08 cents per share in the same period last year. At the same time, KGW's overall profit margin for the 2024 fiscal year improved to 2.0%, above the 0.5% recorded for the 2023 fiscal year, reflecting the company's outstanding results in cost management and operation optimization...

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V...