KUALA LUMPUR: Betamek Bhd
, which saw its net profit jump 84.5% in the second quarter ended Sept 30 (2Q25), remains optimistic about its financial year ending March 31, 2025 (FY25).
“With a resilient Malaysian economy and robust automotive demand, the company is poised to leverage its recent acquisitions and strategic partnerships to drive growth and innovation in the automotive electronics sector. The group aims to deliver enhanced value to its customers and stakeholders in the coming quarters,” Betamek said in a filing with Bursa Malaysia.
The electronics manufacturing services (EMS) provider’s net profit jumped 84.5% to RM10.5mil in 2Q25 compared with RM5.7mil in the same period last year, translating into an earnings per share of 2.33 sen against 1.26 sen previously.
The higher profit is due to effective cost management of the company, and a one-off gain on consolidation of RM6.32mil following the acquisition of Sanshin (Malaysia) Sdn Bhd (SMSB), which strengthened Betamek’s financial performance during the quarter.
Revenue, however, dipped 11.1% to RM56.3mil from RM63.3mil a year ago.
For the first half, Betamek posted a 46.6% increase in net profit to RM15.3mil, with marginally lower revenue of RM106.3 mil.
Betamek has declared a second interim dividend of 1.25 sen per ordinary share, payable on Dec 12, 2024.
“Our solid 2Q25 results are a testament to our strategic efforts in expanding our product portfolio and enhancing operational efficiency. The consolidation gain from the acquisition of SMSB underscores our focus on growth through strategic partnerships and market diversification.
“We are well-positioned to drive further efficiency improvements, digital innovations and bolster our competitiveness in the automotive electronics sector,” executive director Muhammad Fauzi Abd Ghani said in a separate statement.
“The sustained demand in the automotive sector, especially the growing electric vehicle (EV) market, aligns well with Betamek’s strategic direction. The government’s backing of our digital transformation initiative highlights their commitment to encouraging technological advancements. We remain committed to delivering innovative in-vehicle infotainment solutions and electronic components while expanding our footprint in emerging markets,” he added.
