KUALA LUMPUR: Betamek Bhd
is optimistic about its prospects for its current financial year, which it said is supported by a robust domestic economy and sustained demand in the automotive market.
In a statement, the electronics manufacturing services provider said it is ready to support the increased demand for electronic components in electric vehicles as the market share in Malaysia continues to grow.
In the first financial quarter ended June 30, 2024, Betamek posted a net profit of RM4.88mil, as compared to a net profit of RM4.79mil, on revenue of RM49.97mil against RM43.45mil in the year-ago quarter.Earnings per share rose to 1.08 sen from 1.06 sen in the comparative quarter.
The board of directors declared an interim dividend of one sen per share, payable on Aug 23, 2024.
