{"id":20672,"date":"2022-05-20T10:16:00","date_gmt":"2022-05-20T10:16:00","guid":{"rendered":"https:\/\/www.ybventures.com\/demo\/?p=20672"},"modified":"2026-06-12T02:31:55","modified_gmt":"2026-06-12T02:31:55","slug":"yb-ventures-maintains-growth-momentum-receives-shareholders-nod-for-bonus-issue-free-warrants","status":"publish","type":"post","link":"https:\/\/www.ybventures.com\/demo\/yb-ventures-maintains-growth-momentum-receives-shareholders-nod-for-bonus-issue-free-warrants\/","title":{"rendered":"YB Ventures maintains growth momentum, receives shareholders nod for bonus issue, free warrants"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"20672\" class=\"elementor elementor-20672\">\n\t\t\t\t<div class=\"elementor-element elementor-element-29c6df0e e-flex e-con-boxed e-con e-parent\" data-id=\"29c6df0e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-40448446 elementor-widget elementor-widget-text-editor\" data-id=\"40448446\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<figure class=\"wp-block-image size-full\"><figcaption>YB Ventures executive director Datuk Au Yee Boon said that the company has managed to maintain its growth momentum and profitability during the quarter.<\/figcaption><\/figure><p>KUALA LUMPUR: YB Ventures Bhd started 2022 on a high note as its manufacturing and trading business segment drove earnings growth momentum.<\/p><p>For the quarter ended March 31, 2022, YB Ventures\u2019 chalked up a net profit of RM5.47 million on the back of revenue of RM26.57 million.<\/p><p>Compared with the company\u2019s earnings recorded during the quarterly financial results ended December 31, 2021, YB Ventures\u2019 revenue increased by 26.3 per cent, while net profit surged by more than seven times.<\/p><p>There is no comparative figure for the current quarter and year-to-date earnings as YB Ventures has changed its financial year-end from December 31 to June 30.<\/p><p>YB Ventures executive director Datuk Au Yee Boon said that the company has managed to maintain its growth momentum and profitability during the quarter.<\/p><p>\u201cThis is despite the challenging operating environment that we face amidst the uncertainties on the external front.<\/p><p>\u201cOver the last three months, we have seen how the surge in commodity prices, shortages in supply chains, and logistic bottlenecks have driven operating costs higher,\u201d he said in a statement today.<\/p><p>Meanwhile, the company has received its shareholders\u2019 approval for its proposed bonus issue of free warrants.<\/p><p>At today\u2019s extraordinary general meeting, a 99.99 per cent approval was received from YB Ventures\u2019 shareholders, who voted on the resolution.<\/p><p>YB Ventures also highlighted the concern over the price pressure due to the impact of the Russia-Ukraine war on commodity prices and the new minimum wage in Malaysia that took effect in May.<\/p><p>Au said the management would focus on cost efficiency to maintain its profit margin despite the rising cost pressures.<\/p><p>\u201cThe rising cost pressure will affect most businesses globally, and we are no exception.<\/p><p>\u201cHowever, our focus on managing our costs and the implementation of smart manufacturing will keep our margin at a healthy level.<\/p><p>\u201cAnother positive takeaway from the recent developments is the reopening of Malaysia\u2019s economy, which will boost business sentiments,\u201d he added.<\/p><p>Source:\u00a0<a href=\"https:\/\/web.archive.org\/web\/20240527222121\/https:\/\/www.nst.com.my\/business\/2022\/05\/797925\/yb-ventures-maintains-growth-momentum-receives-shareholders-nod-bonus-issue\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.nst.com.my\/business\/2022\/05\/797925\/yb-ventures-maintains-growth-momentum-receives-shareholders-nod-bonus-issue<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-369724c e-flex e-con-boxed e-con e-parent\" data-id=\"369724c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a76b6a7 elementor-widget elementor-widget-html\" data-id=\"a76b6a7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t\t<style>\n    .witr_btn:hover {\n        filter: brightness(70%);\n    }\n    a.dtbtn{\n        background-color: #4D4D4D;\n    }\n    a.dtbtn:hover{\n        background-color: #4D4D4D;\n        filter: brightness(70%);\n    }\n    .defaultsearch button{\n        background-color: #e9ce65;\n    }\n    .defaultsearch button:hover{\n        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KUALA LUMPUR: YB Ventures Bhd started 2022 on a high note as its manufacturing and trading business segment drove earnings growth momentum. For the quarter ended March 31, 2022, YB Ventures\u2019 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20766,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":["post-20672","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.ybventures.com\/demo\/wp-json\/wp\/v2\/posts\/20672","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ybventures.com\/demo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ybventures.com\/demo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ybventures.com\/demo\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ybventures.com\/demo\/wp-json\/wp\/v2\/comments?post=20672"}],"version-history":[{"count":4,"href":"https:\/\/www.ybventures.com\/demo\/wp-json\/wp\/v2\/posts\/20672\/revisions"}],"predecessor-version":[{"id":20676,"href":"https:\/\/www.ybventures.com\/demo\/wp-json\/wp\/v2\/posts\/20672\/revisions\/20676"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ybventures.com\/demo\/wp-json\/wp\/v2\/media\/20766"}],"wp:attachment":[{"href":"https:\/\/www.ybventures.com\/demo\/wp-json\/wp\/v2\/media?parent=20672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ybventures.com\/demo\/wp-json\/wp\/v2\/categories?post=20672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ybventures.com\/demo\/wp-json\/wp\/v2\/tags?post=20672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}