APB Resources upbeat about prospects


KUALA LUMPUR: APB Resources Bhd remains positive about the outlook, not only within the core fabrication sector but also in the burgeoning semiconductor space.

“The industry's renewed capital investment, especially in fields where APB has deep-seated expertise like oleo-chemical, oil & gas, energy, and petrochemical sectors, combined with the strategic entry into the semiconductor domain through the acquisition of Globetronics Technology Bhd, positions the group to seize a spectrum of emerging opportunities,” APB said in a statement.

It added that the dual focus underscores APB's readiness to leverage the group’s established strengths while embracing new growth avenues.

For the quarter ended Dec 31, 2023 APB reported a revenue of RM20.5mil, an 8.1% increase from the immediate previous quarter. It recorded a profit after tax of RM600,000.

For the 15 months from Oct 1, 2022 to Dec 31, 2023, APB posted a net profit of RM6.1mil on revenue of RM92.9mil.

There is no comparative figures as the company changed its financial year to March 31, 2024 from Sept 30, 2023.

“In reflecting upon this quarter's financial outcomes, we acknowledge the strategic investments we've undertaken, particularly our acquisition of Globetronics, as pivotal moves towards APB's diversification and long-term growth.

“Though our profit after tax experienced a temporary adjustment, primarily due to acquisition-related expenditures, we view these steps as foundational to solidifying our footprint in the semiconductor industry. Our commitment remains firm on leveraging these strategic initiatives to enhance our market position and deliver sustained value to our stakeholders,” APB said.

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APB Resources , Globetronics

   

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