Lower margin drags Greatech Technology's 1Q net profit down 38%

KUALA LUMPUR: Greatech Technology Bhd’s net profit fell 38 per cent to RM28.93 million in the first quarter (Q1) ended March 31, 2022, from RM46.66 million a year earlier on lower gross profit (GP) margin.

The automation solutions provider said its revenue, however, rose 7.4 per cent year-on-year (y-o-y) to RM102.16 million from RM95.14 million previously.