Pecca Group Bhd executive director Teoh Zi Yi
KUALA LUMPUR: Automotive upholstery maker Pecca Group Bhd
will continue to expand and diversify into new markets across its four key pillars in the current financial year ending June 30, 2025 (FY25), according to executive director Teoh Zi Yi.
The four pillars are original equipment manufacturer (OEM), replacement equipment manufacturer (REM), aviation, and emerging ventures.
Teoh said the success of its expansion and diversification efforts is crucial, as it will unlock the next phase of growth.
“With our robust financial position, we have the resources to accelerate our growth trajectory. In addition to the organic expansion of our business, we will continue to pursue strategic mergers and acquisitions and synergistic partnerships. We remain committed to investing and operating with a five to ten-year time horizon, prioritising long-term returns over immediate financial gains,” he said.
“Within the aviation segment, our top priorities for FY25 are to broaden our regional customer base and secure additional passenger aircraft orders. We will also work on enhancing our product and service offerings, enabling us to deliver a wider range of services and provide greater value to our customers.”
In the fourth quarter ended June 30, Pecca’s net profit jumped 44.6% to RM14.6mil compared to RM10.1mil in last year’s corresponding period.
Revenue for the quarter rose to RM55mil against RM54.3mil a year ago while earnings per share climbed to 1.94 sen from 1.34 sen previously.
Its net profit margin for the quarter stood at 26.5%, a 42.7% jump from last year’s corresponding period.
For the full FY24, Pecca posted a historical record net profit of RM55mil, up 55.4% from RM35.4mil in FY23. The surge in profit was mainly driven by higher production cost efficiency, in addition to sustained demand for the group’s products and services.
Pecca recorded a 9.5% year-on-year rise in full-year revenue to RM242.2mil from RM221.3mil in FY23.
The group’s cash position improved by 38.2% from a year ago, rising to RM153.7mil as at end-FY24.
Pecca has declared a fourth interim single-tier dividend of 1.50 sen per ordinary share, payable on Sept 20.
