Dialog Group closed its 4th quarter ended 30th June 2024 with a revenue of RM810.1 million and net profit after tax of RM145.2 million, higher by 17.4% and 7.3% respectively compared to the corresponding quarter last year.

As for the full financial year compared to last year, the Group's revenue of RM3.15 billion was higher by 5% from RM3.00 billion, and its net profit after tax increased by 16.3% to RM605.4 million from RM520.6 million.

During the current quarter and financial year, the Malaysia operation recorded increased revenue and profit after tax mainly attributable to increased production from the upstream activities. Dialog noted the midstream activities continued to contribute a stable revenue stream and profit to the Group from the operation of DIALOG Terminals Langsat and DIALOG Terminals Pengerang (5) for the current financial year.

The downstream team remained busy completing various EPCC and plant maintenance projects and reported losses for the current quarter and financial year caused by project cost overruns. The Group said it is facing many challenges brought on by the COVID-19 pandemic, conflict in Ukraine and Gaza, nflationary pressures, supply chain disruption, higher material prices and labour cost. Despite these challenges, the Group's main priority is to complete and deliver the committed projects, which have inevitably resulted in cost overruns and project losses.

On the International front, the Group reported higher revenue and profit after tax for the current quarter and financial year contributed by higher sales of specialist products and services in various countries. The increased fabrication activities in New Zealand have also contributed positively to the Group's better performance in the current financial year.

The Board of Directors have, recommended a final cash dividend of 2.80 sen (previous corresponding year: 2.40 sen) per ordinary share in respect of the current financial year for approval of the shareholders at the forthcoming Annual General Meeting.