Pantech Group’s net profit surges 90% on higher output


KUALA LUMPUR: Pantech Group Holdings Bhd’s net profit surged 90% to RM17.25mil for the third quarter ended Nov 30, compared with RM9.08mil in the previous corresponding period.

Revenue rose 72% to RM132.84mil during the quarter from RM77.27mil a year ago. In a filing with Bursa Malaysia yesterday, the company said the better performance was mainly attributed to the higher manufacturing output, higher sales volume, better product mix from the trading division and contribution from overseas operation.

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