casino trực tuyến vodich88:Pentamaster posts higher profit in 3Q22

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KUALA LUMPUR: Pentamaster Corp Bhd’s automotive segment will drive the performance and growth of the group organically in the mid to immediate term.

“Underpinned by the rapid growth and intensifying trends in automotive electrification, the group’s automotive segment will be the main strategic pillar that will pilot the performance and growth of the Group organically in the mid to immediate term.

“While there are some near-term expenditures associated with the group’s geographical expansion, the incurrence of these operating costs is deemed necessary in order to expand the group’s footprints outside of Malaysia to make further inroads into the automotive market, especially more so in the current deglobalization trend,” the semiconductor test equipment manufacturer said in the notes accompanying its financial results.

Overall, Pentamaster said business sustainability continued to be one of the fundamental principles encapsulating its commitment to achieving solid business growth over the long run.

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In the third quarter ended Sept 30, Pentamaster’s net profit expanded 6% to RM20.1mil, or earnings per share of 2.82 sen against RM19.01mil, or 2.67 sen posted a year ago. Revenue rose 11.1% to RM155.6mil from RM140.1mil last year.

For the nine-month financial period ended Sept 30 (9M22), the group’s net profit rose 12.5% to RM59.7mil versus RM53mil a year prior.

It recorded a higher revenue of RM453mil as compared to RM385.9mil last year, representing an increase of 17.4%.

The group’s revenue was mainly contributed by the automated test equipment and factory automation solutions segments, constituting approximately 72% and 28% respectively of the group’s total revenue in 9M22.

“After recording a double-digit revenue growth for the 9M22, the group is optimistic on concluding the financial year by achieving another record year of business growth,” Pentamaster said.


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