KUALA LUMPUR: LB Aluminium Bhd
remains cautiously optimistic of staying profitable in the coming quarter, supported by progress in its property projects and efforts to manage cost pressures in its aluminium business.
In the fourth quarter ended April 30, 2026, LB Aluminium's net profit fell sharply to RM1.9mil, or 0.43 sen per share, from RM7.2mil, or 1.65 sen per share, a year earlier.
Revenue for the quarter declined to RM226.1mil from RM250.6mil in the corresponding quarter last year.
For the full financial year, however, net profit surged 52.7% to RM55.5mil despite revenue easing marginally to RM1.04bil from RM1.06bil previously.
The board has proposed a first and final dividend of 2.5 sen per share for the financial year ended April 30, 2026, representing a total payout of RM10.87mil.
Commenting on its outlook, the group said recent fluctuations in global aluminium prices have increased the cost of aluminium billets, its main raw material.
"Meanwhile, a stronger ringgit against the US dollar has partially offset the increase in billet costs, as our billet purchases are priced in US dollars," it said in the notes accompanying its financial results.
LB Aluminium said it would continue to closely monitor aluminium prices and foreign exchange movements, while adjusting selling prices where necessary to protect margins.
The group is also keeping a close watch on operating costs to maintain resilience and competitiveness amid a rapidly changing market environment.
For its property segment, LB Aluminium said its ongoing projects continued to make steady progress. As at April 30, 2026, SASaR had achieved 100% sales and was fully completed in December 2025.
PSV 1 Residences recorded cumulative sales of 92% and work progress of 97.5%, while PSV 2 Residences achieved cumulative sales of 66.8% with construction progress reaching 71.4%.
The group said its existing property projects are expected to continue contributing positively as sales and construction progress advance further.
"Barring unforeseen circumstances, the board is cautiously optimistic that the group will be profitable for the forthcoming quarter," it said.
