This was achieved on the back of a revenue of RM5.13 billion, an increase of 19% from RM4.3 billion previously.

“The improved results were attributable to stronger revenue from the agribusiness segment led by an uptrend in crude palm oil and palm kernel prices,” JCorp said in a statement today.

The group’s wellness and healthcare segment enjoyed stronger contributions from hospital activities particularly resulting from higher inpatient and outpatient numbers, as well as from successful cost optimisation efforts across the segment.

The agribusiness segment recorded a revenue of RM1.65 billion, a significant jump of 49% from FY2020, while the wellness and healthcare segment achieved a 10% increase in revenue.

“As we progress into the age of the ‘new normal’, the JCorp 3.0 Reinvention Plan has accelerated our efforts by resetting and reimagining the group to be resilient, agile and sustainable as we future-proof this institution,” said JCorp president and chief executive Syed Mohamed Syed Ibrahim.

Reflecting the group’s strong financial health, in the first quarter of 2022, JCorp was assigned an AAA/stable rating by RAM Ratings for its RM3.5 billion Islamic Medium-Term Notes (Sukuk Wakalah) Programme.

JCorp is a value-driven organisation with total assets in excess of RM23 billion as of end-FY2021.