Greatech posts RM29mil net profit in Q3

KUALA LUMPUR Greatech Technology Bhd said revenue jump 25% in the third quarter boosted by its electric vehicle (EV) energy storage business, but higher freight cost impacted its gross margins.

Net profit in the three-month ended Sept 30 climbed to RM29mil from RM23.2mil a year ago, while revenue was at RM95.3mil.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Greatech Technology

Next In Business
Ge-Shen terminates JB land sale
UWC's 1Q net profit rises to RM17.11mil on higher order flows
Aeon Credit issues 11th senior sukuk worth RM200mil
Ringgit continues to climb against greenback ahead of US NFP data
BPMB provides RM97.63mil financing facility to Johor's Coronade Properties
GDB announces board realignment to head expansion into East Malaysia
Velesto divests NAGA 3 jack-up drilling rig for RM258mil
Bursa Malaysia closes higher for fourth consecutive session
PTT Synergy accepts RM35.88mil construction job from Sime Darby Property
Carimin Petroleum unit bags RM33.98mil PETRONAS Gas contract

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.