PETALING JAYA: DXN Holdings Bhd
will be deploying up to RM500mil in planned capital expenditure for financial year 2027 to strengthen its vertically integrated global platform.
Group chief executive officer Prajith Pavithran said in a statement this includes expanding manufacturing capacity across Malaysia, Brazil, Morocco, Peru and Bolivia.
It also involves developing plantation initiatives in Bolivia, Brazil and Malaysia to enhance raw-material security and cost resilience, alongside accelerating market development across new and underpenetrated markets, particularly in Africa and Europe.
For its first quarter ended May 31, 2026, its net profit dropped to RM58.53mil from RM73.91mil in the previous corresponding quarter, while revenue slipped to RM443.03mil from RM479.06mil a year earlier.
