KUALA LUMPUR (March 30): Crescendo Corp Bhd’s (KL:CRESNDO) net profit dropped 60.1% for the fourth quarter despite higher revenue, weighed down by operating costs and operating losses at a subsidiary due to relocation expenses and setup of a new factory. In a filing with Bursa Malaysia on Monday, it posted net profit for the fourth quarter ended Jan 31, 2026 (4QFY2026) fell to RM1.04 million, compared with RM2.6 million a year earlier. This marks the group’s lowest quarterly profit since 4QFY2023, when it recorded a net loss of RM3.64 million. It should be noted that the group saw a slew of land sales in Johor in FY2025 mainly to data centre operators. On prospects, Crescendo flagged global uncertainties, including geopolitical tensions and rising costs, as key risks, but expects demand for industrial properties in Johor to remain supported by foreign investment and infrastructure developments such as the Johor-Singapore RTS link.

Source: The Edge Markets March 30, 2026 11:52 UTC