PETALING JAYA: Kobay Technology Bhd
’s revenue for the first quarter ended Sept 30 (1Q) rose 35.2% year-on-year (y-o-y) to RM89.4mil, driven by higher contributions from all three business segments, namely, manufacturing and property development, as well as pharmaceutical and healthcare.
Net profit for the period rose 8.2% y-o-y to RM10.5mil or an earning per share of 3.2 sen, the engineering solutions provider stated in its filing with Bursa Malaysia yesterday.
Kobay stated the improved performance was primarily driven by its manufacturing segment, which contributed RM57.6mil or two-thirds of the revenue and was 26.6% y-o-y higher on more high precision engineering and components sales to aerospace, semiconductor, and electrical and electronics (E&E) customers.
“Sustainable demand from the semiconductor, E&E and aerospace industries saw our manufacturing division enjoying another good quarter in terms of sales,” managing director and chief executive officer Datuk Seri Koay Hean Eng said in a statement yesterday.
The segment’s operating profit, however, declined to RM9.1mil from RM12.7mil previously due to pre-operating costs incurred by new businesses.
Its property development segment recorded a three-fold top-line increase to RM9.9mil in 1Q as construction progress picked up pace. The pharmaceutical and healthcare segment registered a revenue of RM21.4mil in 1Q versus RM17.2mil before, with pre-tax profit rising to RM2.9mil from RM1.9mil previously.
