QES to expand manufacturing ops, eyes higher margin

Chew: Gross profit margin for manufacturing is about 40 while net profit margin for this segment is 30-40.

SHAH ALAM: QES Group Bhd plans to expand its manufacturing operations and is targeting a higher profit margin after its listing on the Ace Market next month.

“We would like to expand the manufacturing business. Gross profit margin for manufacturing is about 40% while net profit margin for this segment is 30%-40%,” managing director and president Chew Ne Weng told StarBiz in an interview.