Able Global Declares First Interim Dividend

Able Global Berhad has achieved a surge in Profit After Tax for its first quarter ended 31 March 2024 demonstrating a significant growth rate of 113.7%. This performance resulted in a PAT of RM 15.2 million, compared to RM 7.1 million in the same quarter of the previous year.

Such progressive growth can be attributed to an increase in Profit Before Tax, which recorded a 117.0% rise to RM 20.9 million from RM 9.7 million in Q1FY2023.

AGB’s revenue increased by 17.2% in Q1FY2024, reaching RM 171.25 million compared to RM 146.13 million in Q1FY2023. The increased revenue in the current quarter under review was mainly due to a rise in sales demand, especially in the tin cans manufacturing and F&B segments, compared to Q1 FY2023.

AGB’s earnings per share also rose from 2.31 sen in Q1FY2023 to 4.94 sen in Q1FY2024. AGB’s management expressed their satisfaction with the company’s performance in Q1 FY2024, highlighting several key factors contributing to this success.

Finally, the Board of Directors said it is pleased to declare a first interim dividend of 2.0 sen per ordinary share in respect of the financial year ended 31 December 2024. The date of payment and book closure of the said interim dividend will be determined at a later date.

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