PDZ may announce shareholder change soon

Nazim Rahman says the improved profitability of PDZ was as a result of 'deploying its vessels to more profitable routes and aggressive sales and marketing'.

PETALING JAYA: PDZ Holdings Bhd, which has been in the news for its active stock trades and speculation of new shareholders emerging, posted a net profit of RM1.9mil compared with a loss of RM10.2mil previously for its fourth quarter ended June 30, which the company attributed to an active “revenue enhancement strategy”.

Nazim Rahman, PDZ’s new managing director, who is also the CEO of Pelaburan Mara Bhd (PMB), explained that the improved profitability of PDZ came about as a result of “deploying its vessels to more profitable routes and aggressive sales and marketing”.