KUALA LUMPUR: Dagang Nexchange Bhd
(DNeX) remains focused on enhancing production capacity, maintaining high utilisation rates, and improving operational efficiency in its semiconductor business segment.
“Demand remains supported by rapid adoption of generative artificial intelligence, electric vehicles, renewable energy and other high-growth sectors.
“At the same time, the group is actively pursuing strategic partnerships to capture opportunities arising from supply chain realignments and to navigate the evolving trade and geopolitical landscape,” group chief financial officer Vinie Chong Pui Ling said in a statement.
She said the energy segment will continue to prioritise operational efficiency, cost discipline, and portfolio optimisation.
“In the UK, Ping Petroleum Limited remains focused on maximising production from the Anasuria Cluster, while in Malaysia, the group is progressing towards first oil from the Abu Cluster,” Chong said.
She added that its downstream subsidiary, OGPC Group Sdn Bhd, continues to support Malaysia’s energy value chain by delivering integrated solutions across the oil and gas, petrochemical and retail downstream segments.
For the second quarter ended June 30 (2Q25), DNeX’s net profit surged nearly fourfold to RM19.9mil, or 0.57 sen per share, from RM5mil, or 0.15 sen, a year earlier.
Revenue, however, slipped to RM262.7mil from RM298.1mil.
Despite the stronger quarterly earnings, the group posted a net loss of RM59.1mil on revenue of RM559.5mil for the first half.
As at June 30, DNeX maintains a strong net cash position with a total cash balance of RM533.1mil, total asset of RM4.1bil and total equity of RM2.1bil.
“We are sustaining profitability momentum by leveraging a leaner capital structure and maximising operational performance. Our strategic priorities are focused on strengthening long-term profitability and creating sustainable value across all business segments,” Chong said.
