KUALA LUMPUR: Pentamaster Corp Bhd, an automated test equipment maker, said quarterly sales surged to a record in three-month ended June 30.
However, lower margin due to price adjustment for certain segments and projects. as well rising costs, capped its profit growth.
Pentamaster posted a net profit of RM17.9mil compared with RM17mil made a year ago. Revenue jumped 27% to RM130.6mil, the company said in a filing today.
"As 2021 remains an observance year with the ongoing threat of the pandemic, the Group has been confronting all sorts of uncertainties and volatilities in the form of supply chain constraint and disruptive logistics arrangement," it said.
The group, however, expects the demand level in its major markets in particular the electrooptical and automotive industry to improve.
"With the prevalence of optoelectronics and 3D sensing technology, further compounded by the pandemic situation, the Group’s core products and solutions that cater for a wide range of smart sensors will become increasingly important to its customers," Pentamaster said.
"Additionally, demand from the automotive market is expected to continue to be strong for the Group following the increasing wave of development of automotive electrification and various technology advancements changing the automotive landscape," it added. The group has predicted another record year in 2021.
"Barring any drastic deterioration of the current market conditions, the Group anticipates a better performance in 2021 and specifically, the Group expects its revenue to set another new record for the year," it said.
"On top of the Group’s focus on growing revenue, the Group strongly believes in attaining a sustainable business operation in terms of its profitability and prospect and such policy remains a top priority of the Group," it added.