Greatech fourth-quarter earnings up 77%


The factory automation solutions provider, which has seen its share price rise 267% in the last one year, announced that its net profit in the fourth quarter ended Dec 31,2020 surged almost 77% year-on-year (y-o-y) to RM31.83mil.

PETALING JAYA: Greatech Technology Bhd ended its financial year 2020 (FY20) with another round of strong quarterly earnings, led by increased demand for its production line systems from the electric vehicle (EV) energy storage industry.

The factory automation solutions provider, which has seen its share price rise 267% in the last one year, announced that its net profit in the fourth quarter ended Dec 31,2020 surged almost 77% year-on-year (y-o-y) to RM31.83mil.

Celebrate Merdeka with 50% Off!
T&C applies.

Monthly Plan

RM13.90/month
RM6.95 only

Billed as RM6.95 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM6.17/month

Billed as RM78 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Ringgit seen to trade higher next week
Oil prices settle US$1 down as supply set to rise
Smoothing the way for EVs
Mah Sing records robust eight-month performance
MSM aims for 45,000-tonne grain sugar export to China
Opening the national electricity grid
Refinancing option likely
Malaysia Airlines at pivotal crossroads
Taking a leaf of electricity reforms from other countries
New CIMB Group CEO Novan upbeat about prospects for 2H24

Others Also Read