Improved results for Pantech in Q2

PETALING JAYA: Pantech Group Holdings Bhd’s net profit surged almost 43% year-on-year in the second quarter ended Aug 31 to RM15.31mil.

The stronger bottom line was achieved due to a better product mix and higher product price for its trading division as well as improved sales of its manufacturing division.

Revenue for the second quarter remained flattish at RM136.5mil as compared to RM136.3mil in the previous corresponding quarter.

Earnings per share were 2.02 sen. A one sen dividend was declared by the group.

For the first half of financial year 2022, Pantech’s net profit jumped by almost six-fold to RM30.5mil compared with RM5.17mil a year earlier.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Business News

Tiong Nam sees higher demand for for logistics, warehousing services in FY23
Leong Hup returns to the black, 3Q net profit at RM67.31mil
Malakoff 3Q net profit jumps 53.4% to RM66.5mil
IHH 3Q profit falls to RM252mil on exceptional items, financial reporting adjustments
Ringgit reverses gains against US dollar on profit-taking
Boustead net profit jumps to RM99.6mil in 3Q
Press Metal 3Q net profit grows 11.5% to RM315.8mil
Genting Malaysia misses Macau licence
Celcom 3Q22 Patami up 65.3% at RM856mil
Kerjaya Prospek's construction segment to drive revenue growth

Others Also Read