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KUALA LUMPUR, Nov 23, 2023 - (ACN Newswire via SeaPRwire.com) - Varia Berhad ("Varia" or the "Group"), an experienced player in the field of construction, property investment, and property development, heralds a new era with a substantial upswing in Q2 FY2024 financial performance and strategic corporate developments. The Group's transformative steps include the acquisition of Pembinaan Teguh Maju Sdn Bhd ("PTM") and a dynamic rebranding to Varia Berhad.Datuk Benson Lau, Managing Director of VariaIn Q2 FY2024, Varia Berhad recorded a substantial increase in revenue and profit. Revenue surged by 156% to RM20.47 million, with a profit before tax (PBT) of RM1.24 million, representing an impressive turnaround from the previous year's loss in the same quarter. This surge in financial performance is primarily attributed to the construction segment's success, with notable contributions from the Serendah project, Medical City UPM, and the UDA Penang project.Over the first six months of FY2024, Varia Berhad achieved a revenue of RM40.42 million and a PBT of RM1.43 million, representing a 124% and 145% increase respectively compared to the corresponding period in the previous year. The construction segment has been the main driver of this significant growth.Compared to the immediate preceding quarter, the Group saw a revenue increase of 3% and a substantial profit before tax increase of 549%. These figures underscore the consistent and robust performance of the construction segment.For information, the Group’s EGM on 2 November 2023 had received blessings from the shareholders for the acquisition of PTM, a pivotal development for Varia Berhad. This acquisition, valued at RM380.0 million, introduces PTM's RM1.16 billion in outstanding orders and potential contracts worth approximately RM1.78 billion into the Group's portfolio. PTM's commitment to a profit guarantee of RM120.0 million over the next three financial years further strengthens Varia's market position.Datuk Benson Lau, Managing Director of Varia, expressed his enthusiasm: "The outstanding financial results of Q2 FY2024 signal a transformative era for Varia Berhad, one marked by strategic acumen and robust growth. Our successful rebranding, coupled with the pivotal acquisition of PTM, demonstrates not just a milestone but a leap forward in our ambitious growth journey. These developments are a testament to our shareholders’ deep trust and belief in our vision and strategic direction.”He added, “As we celebrate this remarkable quarter, our focus remains steadfast on capitalising on the synergies brought by PTM, further diversifying and strengthening our construction and property development segments. We are more committed than ever to drive innovation, excellence, and sustainability in our operations, ensuring sustained growth and reinforcing investor confidence. The future for Varia Berhad is bright, and we are excited to embark on this journey with the unwavering support of our shareholders and dedicated team."As at 23 November 2023, 5:00 P.M., Varia Berhad’s share price is RM1.04 with a market capitalisation of RM70.0 million. Copyright 2023 ACN Newswire via SeaPRwire.com.

SHAH ALAM, Malaysia, Nov 23, 2023 - (ACN Newswire via SeaPRwire.com) - Synergy House Berhad (“Synergy House” or the “Group”), a cross-border e-commerce seller and furniture exporter of ready-to-assemble (“RTA”) home furniture, today announced outstanding financial results for the third quarter ended 30 September 2023 (“3Q FY2023”).Executive Director of Synergy House, Mr. Tan Eu TahIn a remarkable display of growth, the Group reported a robust revenue of RM69.2 million and profit after tax (“PAT”) of RM8.1 million for 3Q FY2023, indicating significant quarter-on-quarter improvements. This exceptional performance for the current quarter is largely attributed to Synergy House’s business-to-consumer (B2C) sector’s improved margins, along with the strong growth in its business-to-business (B2B) operations.Executive Director of Synergy House, Mr. Teh Yee LuenThe Group’s diverse global reach was highlighted in its regional revenue contributions: the United States of America (“USA”) led with RM30.9 million, underscoring its position as the largest market and a testament to the Group’s impactful B2C strategy. The United Kingdom followed closely with RM27.6 million, while the United Arab Emirates contributed RM8.6 million.For the 9-month period ending 30 September 2023, the Group reported a total revenue of RM179.4 million and a PAT of RM16.9 million, surpassing the PAT of RM16.6 million recorded in the previous 12-month financial year ended 31 December 2022.The B2C segment was particularly significant, contributing RM77.1 million for the 9-month period ending 30 September 2023, surpassing the total B2C revenue of RM49.6 million recorded in the previous 12-month financial year financial year ended 31 December 2022. This underscores the success of Synergy House’s targeted focus on and investment in the B2C sector.Executive Director of Synergy House, Mr. Tan Eu Tah said, “The current quarter’s extraordinary results are a clear indicator of the effectiveness of our strategies, particularly in the B2C segment. Notably, our geographical diversification of our B2C segment to UK started to provide positive outcome with an impressive quarter-on-quarter growth of approximately 95%, with revenue reaching RM2.1 million in the third quarter of FY2023, reinforcing our position as a key player in this significant market. Our focused approach in expanding our online presence and enhancing customer engagement has paid off, leading to remarkable growth in both our B2B and B2C segments. We are thrilled with the progress and are committed to continuing our journey towards becoming a dominant force in the global furniture e-commerce market.”Executive Director of Synergy House, Mr. Teh Yee Luen said, "We are immensely proud of our team’s efforts in achieving these results. The growth in our B2C segment, especially, represents our commitment to meeting consumer demands and adapting to market trends. Our strategies to enhance online visibility and customer reach, coupled with our focus on design innovation, are essential components of our long-term growth plan. We are confident that these strategies will enable us to further strengthen our market position and achieve sustainable growth."Looking forward, Synergy House is poised for continued growth with plans to enhance its B2C segment through various strategic initiatives and expand its product range through continuous design and development efforts, and explore opportunities to reach new audiences by expanding to new e-commerce platforms and entering untapped markets in different countries.Despite global economic challenges, the Group remains optimistic about its prospects in the global furniture e-commerce market, supported by its competitive pricing and established presence in key markets such as the USA, UK, and Canada.As at 23 November 2023, the share price of Synergy House is RM0.57, representing a market capitalisation of RM285.0 million. Copyright 2023 ACN Newswire via SeaPRwire.com.

KUALA LUMPUR, Nov 23, 2023 - (ACN Newswire via SeaPRwire.com) - Daythree Digital Berhad ("Daythree" or the "Group"), a leading Global Business Services ("GBS") provider, has announced a robust year-to-date ("YTD") revenue of RM66.3 million, eclipsing the total revenue of RM65.1 million for FY2022. This impressive performance is anchored by the Energy and Utilities segment, contributing RM28.9 million, or 43.6% of the total revenue, demonstrating Daythree's resilient revenue growth amidst challenging market conditions.Managing Director of Daythree, Mr. Raymond DavadassDaythree reported a gross profit of RM5.0 million in Q3, down from RM6.3 million in the preceding quarter. This is primarily attributed to an increased in people costs associated with the expansion of two new revenue streams of an existing client.The Group's profit before taxation ("PBT") stood at RM1.8 million, a decrease from RM3.6 million in the preceding quarter, primarily due to non-recurring listing expenses of RM1.2 million. Excluding the one-off expenses, the adjusted PBT for the current quarter stood at RM 3.0 million and the year-to-date PBT at RM8.8 million.Daythree's commitment to diversification is evident in its further business expansion by securing four new clients, including a leading retailer in the region, along with three new clients in the Automotive & Financial Services sectors, which is poised to enhance the Group's revenue moving forward.Managing Director of Daythree, Mr. Raymond Davadass expressed optimism, stating, "Our strong YTD performance despite the challenging climate is a testament to our strategic focus and adaptability. With the addition of new brands and clients, including expansion into the Retail and Travel & Hospitality sector, we are setting the stage for continued growth and diversification. Our recent accolades for Industry Excellence at domestic and regional levels, including awards for Best Use of Automation and Data Analytics, Outstanding Tech Company, and Top Investor in Digital GBS, affirm our dedication to innovation and excellence in global business services."Daythree's listing on the ACE Market of Bursa Malaysia on 26 July 2023 further strengthen the Group's market position. Looking ahead, Daythree is well-positioned for continued growth within the GBS industry, capitalised by the global economic recovery and Malaysia's strong economic performance. According to Protege Associates Sdn Bhd, the Malaysian GBS industry is expected to expand from RM24.8 billion in 2023 to RM31.7 billion in 2027, a CAGR of 6.3%. Daythree's innovative digital tools - Daisy, Faith, and Saige - ensure its readiness to meet the evolving demands of the global business landscape.There are no comparative year-on-year figures as Daythree was only listed on the ACE Market of Bursa Malaysia in July 2023.As of 23 November 2023, at 12:30 P.M., Daythree's share price stands at RM0.39, indicating a market capitalisation of RM187.2 million, reflecting the confidence of investors in the Group's future. Copyright 2023 ACN Newswire via SeaPRwire.com.

KUALA LUMPUR, Nov 23, 2023 - (ACN Newswire via SeaPRwire.com) - SPRITZER BERHAD is set to transform the cityscape into a playground of creativity and self-expression with the launch of its exciting youth festival, “So Tinge! YouthTopia, Unlock Imaginasimu” at Lalaport Rooftop, Bukit Bintang. The highlight of the festival is an uplifting Hot Air Balloon Ride that will set the stage for a weekend of unforgettable Instaworthy moments and fun experiences.So Tinge! YouthTopia Hot Air Balloon at Lalaport Bukit BintangTo kick off this festival, participants will soar above the city and embrace the opportunity to literally "lift themselves up". The festival encourages attendees to unleash their playful side with a dynamic array of activities, including an eye-catching cosplay showcase, live performances by talented youth bands, and the electrifying sounds of headliner pop-rock sensation, Insomniacks.InsomniacksMr. Kenny Lim, Group Chief Executive Officer of Spritzer Berhad, said, “This festival aims to provide a safe and judgement-free space for young individuals to explore, experience, and express themselves on a journey of self-discovery. Through this exhilarating event, we hope to enrich the lives of the youth, offering them a platform to showcase their talents and creativity in a fun-filled atmosphere. "The two-day event runs from 25-26 November 2023 from 11:00 a.m. until 10:00 p.m. complete with fun activities, such as hot air balloon ride, live bands, instaworthy moments and So Tinge! line of beverages which are fruity sodas made with Spritzer natural mineral water.Highlights of Day 1, 25 November, include the Hot Air Balloon, live performance by Insomniacks, Youth Live Bands, Street Graffiti by various artists, Fun Activities, Fun Fair Games, Food Bazaar, Flea market and So Tinge! Fruity Bar to quench your thirst.While on Day 2, 26 November, the fun continues with the Hot Air Balloon, Kpop Random Play Dance, Cosplay Contest, Fun Activities, Fun Fair Games, Food Bazaar, Flea Market and So Tinge! Creative Bar where participants can indulge their taste buds in a unique blend of flavours.Spritzer invites all youth to be brave in expression, empowered to be their-true-self and invoke imagination at the two-day, judgement-free So Tinge! YouthTopia event and indulge their taste buds in thirst quenching fruity soda made with natural mineral water.For additional information about So Tinge YouthTopia, visit, myc.my/sotingeyouthtopia.Capture your Instaworthy experiences of So Tinge YouthTopia, www.instagram.com/spritzer.sotinge/.To learn more about Spritzer, visit their website at www.spritzer.com.my. Copyright 2023 ACN Newswire via SeaPRwire.com.