Pentamaster optimistic of another record year

Pentamaster factory

KUALA LUMPUR: Pentamaster Corp Bhd is optimistic of achieving another record year in 2022 while mindful of the headwinds derailing its delivery order according to the scheduled timeline.

In a filing with Bursa Malaysia, the Penang-based automation solution provider said over the long run, the group’s growth initiatives were guided by its “Grand Roadmap & Key Focus 2022-2025”.

This is aimed at achieving solid and sustainable business growth through the implementation of its various core strategies.

As it entered into the second half of 2022, Pentamaster said the group believed it was entering a period of encouraging growth on the back of its strong order fulfilment in tandem with its key segment focus that was largely driven by the wave of the underlying major global trends.

It said the ubiquity of semiconductors and fast intelligence microprocessors coupled with the application of optics and photonics has provided the group the optimism for its sustainable long-term prospects.

In the second quarter ended June 30, Pentamaster posted a net profit of RM19.2mil, up 7.05% from RM17.94mil previously.

Its earnings per share (EPS) for the quarter rose to 2.70 sen against 2.52 sen.

Revenue for the period rose 15.8% to RM151.34mil from RM130.65mil.

Pentamaster’s revenue was contributed mainly by the automated test equipment and factory automation solutions segments, with each constituting about 72.7% and 27.3% respectively of the group’s total revenue in the current quarter.

For the first half of 2022, Pentamaster posted a net profit of RM39.6mil, or a 5.56 sen EPS on the back of RM297.37mil in revenue.

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