AWC banks on strong order book

PETALING JAYA: AWC Bhd is cautiously optimistic of its financial performance with the remaining quarter for the current financial year.

In a filing with Bursa Malaysia, the company said its order book of RM707mil will continue to underpin its earnings visibility, moving forward.

For the third quarter ended March 31, 2024, AWC’s net profit rose to RM6.43mil from RM4.56mil in the previous corresponding period, while revenue dipped to RM91.23mil from RM94.89mil previously.

For the nine-month period ended March 31, 2024, AWC’s net profit dropped to RM12.74mil from RM15.52mil, while revenue rose to RM296.86mil from RM287.46mil a year earlier.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Waz Lian founder Tan Sri Ta Kin Yan passes away at 72
Oil posts weekly gain on solid 2024 demand outlook
Prabowo aims to raise Indonesia debt-to-GDP ratio toward 50%
Laundry Care ventures into linen rental business
Oriental Kopi files for Bursa IPO
BHIC wins RM1bil govt job
MI Technovation prepares for chip recovery
Local furniture export outlook hinges on US housing market
Luxury labels slash prices to attract wary shoppers
Delay in rate cuts but bonds rally

Others Also Read