Magni-Tech 1Q25 net profit jumps 36.4% to RM44.6mil


KUALA LUMPUR: Magni-Tech Industries Bhd reported a higher net profit of RM44.64mil for the first quarter ended July 31, 2024 (1Q25), up from RM32.72mil in the same quarter last year.

Revenue also rose by 34% to RM437.59mil, compared to RM324.37mil previously, primarily due to increased sales orders from the garment segment, it said in a filing with Bursa Malaysia.

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