KUALA LUMPUR: Eden Inc Bhd
's efforts to enhance margins have borne fruit, as it reported net profit of RM3.34mil in the second quarter of its financial year (2QFY25), nearly six times the net profit of RM569,000 recorded in the same quarter in the year before.
The group's earnings per share rose to 0.66 sen during the quarter from 0.12 sen previously.
Revenue, however, fell to RM30.28mil from RM47.91mil, on lower electricity sales.
For the six months period ended Dec 31, 2024 (1HFY25), Eden's net profit surged to RM8.09mil from RM2.58mil in the year-ago period, while revenue dipped to RM65.28mil from RM86.65mil in 1HFY24.
The energy segment remained the group's primary earnings driver despite posting lower revenue, as it benefited from operational cost optimisation and efficiency enhancements.
"The strong profit growth was primarily driven by cost optimisation and operational efficiencies of the energy segment, underscoring Eden’s focus on margin enhancement," it added.
Meanwhile, the food and beverage and tourism segment reported higher profits, while posting a slightly higher RM14.3mil in revenue in 1HFY25.
Eden also announced it had fixed the exercise price of its recently approved Warrants C at 18 sen, representing a 18% premium to the last traded share price of 15.5 sen on Feb 25, 2025.
"The issuance of up to 252.7 million free Warrants C on the basis of one warrant for every two existing shares held is designed to reward shareholders while strengthening Eden’s capital structure in the future, upon exercise of the Warrants C," it said.
