Glostrext Bhd managing director Ir. Dr. Lee Sieng Kai
KUALA LUMPUR: Glostrext Bhd
will keep investing in innovative technologies, with the WiNA-aMLT platform serving as a key example of its commitment to advancing automation and enhancing efficiency across its business segments, said managing director Ir. Dr. Lee Sieng Kai.
The integration of WiNA-based applications into Glostrex’s service portfolio not only strengthens its competitive edge but also enhances its ability to deliver high-quality and cost-effective solutions to clients, the company said.
In the third quarter ended Dec 31, the geotechnical instrumentation and testing service provider saw its net profit jump 76% to RM2.4mil compared with RM1.3mil in the year-ago quarter.
Revenue for the quarter rose 14% to RM9.12mil against RM8mil last year while earnings per share climbed to 0.58 sen versus 0.38 sen previously.
For the nine months ended Dec 31 (9MFY25), Glostrext registered its record high revenue of RM25.2mil, up 29% from RM19.5mil a year ago.
Glostrext said the growth was mainly driven by higher revenue contribution from its pile instrumentation and static load test services segment, which accounted for RM20.4mil or 81% of the group‘s revenue in 9MFY25.
Its net profit for the period surged to RM5.5mil against RM1.4mil last year.
As at Dec 31, Glostrext’s cash and bank balances stood at RM10.3mil and the company also recorded a positive operating cash flow of RM4.1mil for 9MFY25. Its net assets per share stood at 0.14 sen.
Lee said the company had seen an increase in demand in both Singapore and Malaysia markets for its pile instrumentation and static load test services as well as the structural and ground instrumentation monitoring services.
“Our core business segments of pile instrumentation and static load test services and structural and ground instrumentation monitoring services in Malaysia and Singapore continue to perform well, delivering a strong performance in nine months of the year, reporting encouraging revenue expansion and net profit growth.”
