Magni-Tech posts RM21.8mil net profit in 2Q, declares 2.2 sen dividend

KUALA LUMPUR: Magni-Tech Industries Bhd, which posted a lower net profit of RM21.8mil in the second quarter ended Oct 31 (2Q), is cautiously optimistic about its business outlook.

“The group remains cautiously optimistic over the business outlook for the remaining quarters of the current financial year ending April 30, 2024 (FY24),” the garment manufacturer said in a filing with Bursa Malaysia.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Magni-Tech , Dividend

Next In Business News
Higher corporate bond yields push issuers to delay debt sales to next quarter
Oil rises for sixth session on US data, geopolitical tension
BP to sell 65% stake in Castrol to Stonepeak for US$6bil
Nam Cheong sells 4,000-DWT platform supply vessel for US$20.5mil
Maybank experiencing intermittent slowness affecting DuitNow services
China turns sport into serious business
Gold climbs above US$4,500 in historic rally for precious metals
Borneo Oil’s associate Verde Resources seeks Nasdaq listing, raising US$5–US$8mil
MARC Ratings affirms Malaysia’s sovereign rating at AAA
FBM KLCI edges higher at midday amid selective buying

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.