SMRT growth trajectory intact in 1H25

- PHOTO: NAW PA ZAW PHAW/FACEBOOK via The Straits Times/ANN

PETALING JAYA: SMRT Holdings Bhd is expected to post sequential growth in the first half of financial year 2025 (1H25) as utility companies typically ramp up capital expenditure (capex) spending during this period.

Hong Leong Investment Bank (HLIB) Research said the pure play Internet of things company’s financial year 2024 (FY24) core net profit of RM26.1mil came in above its projection at 113%.