DXN Holdings Bhd makes a comeback on Bursa main market

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DXN Holdings has been relisted on Bursa Malaysia’s main market following its announcement of profit after tax of RM289.3mil for FY23. Brought to you by DXN Malaysia

Having posted a 17.9% higher PAT over the previous financial year, while revenue jumped 28.8% to RM1.6bil in the same period, DXN Holdings Bhd founder and executive chairman Datuk Lim Siow Jin said this growth would continue to be driven by the expansion of its geographical market reach and the introduction of new products.

DXN Holdings Bhd chief executive officer Teoh Hang Ching said that while the company prioritises growth, its policy is to pay 30% to 50% of dividend from the profit after tax and minority interests . “This capex does not affect our dividend; our cash and cash equivalents is about RM457mil," he said, adding that DXN has allocated RM120mil for its capex plans this year.

Over the years, his enthusiasm for Ganoderma – better known as lingzhi – has never diminished and he has tirelessly promoted the benefits of this mushroom to people.Starting out as a small and unknown company, DXN went on to become one of the largest manufacturers and exporters of Ganoderma worldwide within a decade.

DXN's board of management adheres to two essential strategic guidelines: evading external control, and maintaining an invincible position.

 

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