Back 15 May 2025

Medi Lifestyle Limited Navigates 1Q 2025: Soaring Revenue from Commodity Trading Helps Reduce Quarterly Loss

Link: https://links.sgx.com/1.0.0/corporate-announcements/5AOMVAPIHE7H46U9/4f30b8d078c760774dbc0e1261b5e16176936eef51dbc59997275c030bf2b473

Summary:

  • Medi Lifestyle Limited reported a significant increase in revenue to RM 3,333,000 for the first quarter of 2025, primarily driven by agricultural commodity trading.
  • The group experienced a decrease in gross loss, reporting RM 19,000 for the quarter, compared to RM 59,000 in the prior year.
  • Net loss for the period was RM 881,000, lower than the net loss of RM 1,353,000 reported in the corresponding period of the previous year.
  • Basic and diluted loss per share attributable to owners of the company improved to (0.54) Malaysia sen, compared to (1.07) Malaysia sen in the prior year quarter.
  • As at 31 March 2025, the net equity/capital deficiency attributable to owners of the company was RM (2,219,000).