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Keyfield Records Its Highest Quarterly Profit Declares Further Dividend

Business Today ·  Nov 14, 2024 18:01
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Keyfield International Berhad announced its financial results for the third quarter ended 30 September 2024 recording a revenue of RM216.8 million and profit after tax and minority interests of RM81.1 million for 3Q2024, achieving its highest quarterly profit ever.

For the year-to-date nine months ended 30 September 2024, revenue was RM522.2 million and PATAMI was RM181.5 million respectively. The YTD PATAMI of RM181.5 million has more than doubled year-on-year and already 72.0% higher than 2023 full year's PATAMI of RM105.5 million.

The group said the results reflects a strong and robust quarter for its vessel chartering business during this period. Keyfield clocked in 1,053 chartered days from 12 own vessels in 3Q2024, compared to 854 chartered days from 10 own vessels in 3Q2023. Own vessels' utilisation rate rose to 99.2% from 92.8% on year-to-year basis. On top of this, it also achieved a marginal increase in third-party vessels' chartered days to 658 days in 3Q2024 compared to 642 days in previous year corresponding period.

The board declared a third interim dividend of 4.0 sen per ordinary share, amounting to RM32.1 million, to be paid to entitled shareholders on 19 December 2024.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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