Rimbaco Group Global Ltd. Expects Turnaround with RM3.2 Million Profit for Six Months Ending April 2025

Reuters
06/11
Rimbaco Group Global Ltd. Expects Turnaround with RM3.2 Million Profit for Six Months Ending April 2025

Rimbaco Group Global Ltd. has issued a positive profit alert, indicating a significant turnaround in its financial performance for the six months ended 30 April 2025. Based on a preliminary assessment of unaudited consolidated management accounts, the company expects to report a consolidated net profit of up to RM3.2 million, contrasting sharply with a net loss of approximately RM3.3 million during the same period in 2024. The improvement is attributed to a substantial descope of a sizeable factory project and lower profit margins for certain new projects in the previous period, coupled with profits contributed by a factory project in the current period. The financial results are still being finalized and have not been reviewed by the company's auditor and audit committee, suggesting potential adjustments. Shareholders and investors are advised to exercise caution and are encouraged to review the interim results announcement expected by 30 June 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rimbaco Group Global Ltd. published the original content used to generate this news brief on June 11, 2025, and is solely responsible for the information contained therein.

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