KUALA LUMPUR: Marine & General Bhd (M&G) says its shareholders have passed all eight ordinary resolutions at its 27th annual general meeting (AGM) today.
Its executive chairman Tan Sri Mohd Azlan Hashim said the company is both pleased and encouraged by the positive response from attendees to this year's AGM of its shareholders.
"The company managed to present a review of its performance for the past financial year and answer questions raised during the question and answer session thereafter.
"I sincerely hope that the company's shareholders will continue to support the board in its objective to nurture its recovery and take the company forward,' he said in a statement today.
M&G Group posted consolidated revenue of RM348 million and a pre-tax profit of RM68.3 million for the year ended April 30, 2024 (FY24).
The results represented an improvement in performance compared to the result for FY23 where revenue of RM 307.3 million was recorded.
The increase was in line with increased charter activities and higher charter rates recorded by both the upstream and downstream divisions.