Kota Kinabalu: Sabah Mineral Management Sdn Bhd (SMM) recorded its highest-ever revenue of RM8.7 million under new management led by its Chief Executive Officer Natasha Sim
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The State-owned company is projecting its highest net profit since its establishment in 2021, representing a turnaround from accumulated losses in previous years to achieving positive retained earnings for the first time. The SMM has also made its first direct contribution to the Sabah Government totalling RM1 million.
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“This milestone reflects the results of the transformation and overhaul of SMM’s operations,” the company said in a statement, adding that reforms undertaken over the past year under new leadership have strengthened financial discipline, performance and long-term sustainability.
The financial achievements mark a departure from the company’s earlier performance.
SMM, which was established four years ago, recorded accumulated losses before the current management team took over.
The company said it aims to deliver greater contributions and dividends to the State in coming years.
The RM1 million contribution represents a significant development for State finances, with the SMM positioning itself as a potential revenue source for Sabah’s development initiatives.
