Pantech Q3 net profit at RM10mil

KUALA LUMPUR: Pantech Group Holdings Bhd’s net profit fell 8.2% to RM10.26mil in the third quarter ended Nov 30,2019 from RM11.18mil a year ago dragged down by lower sales contribution from trading division.

In a filing with Bursa Malaysia, the group said its revenue was up 18% to RM165.51mil for the quarter compared with RM140.15mil a year ago mainly due to the increase in sales demand in manufacturing division from the commencement of shipment to the United States by carbon steel manufacturing plant.