Kobay cautious about outlook

Kobay's net profit for its third quarter dipped 47.6% to RM7.9mil from a year earlier, while turnover also fell 26.4% to RM73.6mil.

PETALING JAYA: Manufacturing conglomerate Kobay Technology Bhd is maintaining a cautious outlook in view of the group’s mixed business segments as the financial year ending June 30, 2023 will be challenging due to pressure on operating costs.

Kobay deals primarily in the manufacturing of precision metal components, property development, as well as in pharmaceuticals and healthcare.