Dialog posts higher net profit of RM150.97mil in 1Q

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The Star 2h ago

Dialog posts higher net profit of RM150.97mil in 1Q - The Star

Quick Summary:

KUALA LUMPUR: Dialog Group Bhd posted a higher net profit of RM150.97 million for the first quarter ended Sept 30, 2024 (1Q FY2025) compared to a net profit of RM132.17 million in the same quarter last year.

"The second phase comprising an additional 150,000 m3 of storage for renewable and petroleum products is expected to be completed by September 2026,” said the group.

This was mainly attributable to the better performance of its midstream business due to increased revenue from higher tank storage occupancy and tariffs, according to the filing.