In a filing with the stock exchange yesterday, the automation solutions provider said its net profit rose to RM18.28mil compared with RM889,000 in the same quarter a year earlier. (File pic: Genetec Technology staff using sophisticated enginerring software in the design stage before manufacturing their products.)
PETALING JAYA: Genetec Technology Bhd
’s net profit surged by more than 20-fold in the third quarter ended Dec 31, 2021, mainly due to higher sales volume and improved operational efficiency.
In a filing with the stock exchange yesterday, the automation solutions provider said its net profit rose to RM18.28mil compared with RM889,000 in the same quarter a year earlier.
Revenue almost doubled year-on-year (y-o-y) to RM65.26mil from RM32.91mil in the previous corresponding quarter.
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