KUALA LUMPUR (May 14): Here is a brief recap of some corporate announcements that made the news on Wednesday.

Sunway Real Estate Investment Trust (KL:SUNREIT) reported a 20.4% year-on-year increase in its net property income to RM157.19 million in the first quarter ended March 31, 2025 (1QFY2025), from RM130.54 million in the same quarter last year, thanks to contribution from asset acquisitions made in 2024. Quarterly revenue climbed 22.6% to RM218.86 million from RM178.59 million in 1QFY2024, lifted by new retail assets and the reopening of Sunway Pyramid Mall’s Oasis wing. There was no income distribution declared for the quarter, in line with the group’s practice of making semi-annual distributions. — Sunway REIT’s 1Q net income rises 20% on new asset contribution, retail boost

VSTECS Bhd (KL:VSTECS) posted a 24% rise in net profit to RM17.75 million for 1QFY2025, from RM14.32 million a year ago, on the back of higher information and communications technology (ICT) product sales. Revenue increased 12.2% to RM691.67 million versus RM616.36 million in 1QFY2024 amid contribution growth across all three business segments underpinned by strong digitalisation trends. No dividend was declared for the quarter. Looking ahead, it noted the ICT sector has been directly impacted by fluctuating tariffs on semiconductors and restrictions on the export of certain technology products, which have disrupted market confidence and may lead to pricing instability, supply chain disruption and shifts in customer purchasing behaviour. “While consumer sentiment shows signs of caution amid these uncertainties, both enterprise and public sectors remain committed to advancing their digitalisation and AI transformation agendas. This ongoing investment signals resilience within the ICT sector,” it said. — VSTECS’ 1Q profit up 24% on robust ICT product sales

Sunway REIT, VSTECS, Steel Hawk, AwanBiru, BCM Alliance, MN Holdings, Keyfield and MCE Holdings