KUALA LUMPUR: Pekat Group Bhd
's profit after tax (PAT) surged 34.18% to RM4.66mil in the second quarter ended June 30 (2Q24), up from RM3.47mil in the same period last year. This marks Pekat’s highest quarterly profit since 4Q21.
The solar photovoltaic (PV) and earthing and lightning protection (ELP) specialist said the profit on bigger revenue contributions from higher margin divisions, namely ELP division on higher project execution rates and trading division.
