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.

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