KUALA LUMPUR: Pantech Global Bhd remains cautiously positive about its prospects, supported by its competitive advantages, business strategies and market opportunities in the global pipe and pipe fitting industry.
The steel pipe manufacturer said global demand for its products remained resilient, supported by ongoing activities in industrial production, construction, and infrastructure development, which continued to drive the consumption of butt weld pipe fittings and stainless steel welded pipes.
Pantech assured that its orders from the United States, a well-established export market for the group, remained stable.
“The group’s financial performance remains unaffected by the US’ reciprocal tariffs as steel articles are already subject to Section 232 tariffs of the Trade Expansion Act of 1962 in the US, which are borne by the US importers,” it said in a filing with Bursa Malaysia.
For the financial year ended Feb 28 (FY25), Pantech posted a net profit of RM71.24mil on revenue of RM82.6mil.
There are no comparative figures as this is the second interim financial report for the fourth quarter ended Feb 28, 2028, released in accordance with Bursa Securities' Listing Requirements.
The board of directors has declared an interim single-tier dividend of 2.0 sen per share and a special dividend of 1.0 sen per share for FY25.
The dividends will be paid on June 13 to shareholders listed on the company’s record of depositors as of May 30. The total dividend for the year is 3.0 sen per share.
