EITA’s RM1bil revenue target hinges on M&As and new markets

EITA was featured at the recent CGS-CIMB Securities’ conference call series held late last month. During the session, the group disclosed its aspiration of raising its revenue from RM284.1mil in FY9/20 to RM1bil per year by FY25.

PETALING JAYA: EITA Resources Bhd’s internal target to achieve a revenue of RM1bil per year in the next five years will hinge on potential mergers and acquisitions (M&As), exploring new markets in South-East Asia and the Middle East as well as strengthening its presence in existing markets.

To achieve this, the elevator and escalator maker would have to a generate a compounded annual growth rate (CAGR) revenue of 28.6% between financial year (FY) 2020 and FY25, said CGS-CIMB Research in its report.