Greatech 1Q net profit dips to RM27.8mil

KUALA LUMPUR: Greatech Technology Bhd remains confident that the group is making good progress in its financial targets for 2023.

“The group has allocated approximately RM227mil for its targeted capital expenditure investment in 2023 to support operating and growth requirements, which includes a new fourth factory in Batu Kawan Industrial Park (BKIV), Penang with built-up of approximately 600,000square feet, to capture the growth potential in our markets around the world,” Greatech said in a filing with Bursa Malaysia.