KUALA LUMPUR: Pantech Group Holdings Bhd
will continue exploring strategic growth opportunities both locally and internationally.
The group aims to strengthen its position as a leading provider of pipes, valves, and fittings solutions for the oil and gas, petrochemical, and industrial sectors.
In a filing with Bursa Malaysia, Pantech said it remained vigilant of ongoing macroeconomic challenges, including currency volatility, geopolitical tensions, trade policy risks, and supply chain disruptions.
“In response, the group continues to prioritise proactive risk mitigation through disciplined cost management, operational efficiency, and leveraging its diversified market presence to navigate these uncertainties effectively,” it said.
In the fourth quarter ended Feb 28, Pantech’s net profit halved to RM14.2mil, or earnings per share of 1.71 sen compared with RM29mil, or 3.50 sen in the year-ago quarter.
Revenue for the quarter fell to RM193mil against RM230mil posted a year ago.
The board of directors has approved and declared a fourth interim single-tier dividend of 1.50 sen per ordinary share, along with a special single-tier dividend of 0.50 sen per ordinary share, for FY25.
Both the fourth interim and special dividends will be paid on June 26, 2025 to shareholders listed in the company’s record of depositors as of May 30.
For the full financial year ended February 28, it posted a net profit of RM82.5mil, down 21.8% from RM105.5mil, while revenue climbed to RM947.5mil from RM946.6mil last year.
Pantech said its financial performance remained unaffected by the US's reciprocal tariffs, as steel articles are already subject to Section 232 tariffs under the Trade Expansion Act of 1962, which are borne by US importers.
It said oil and gas capital expenditure is expected to remain supported by sustained global oil prices and renewed focus on upstream and downstream activities in the longer term.
“Increased investments in facilities maintenance, asset integrity, and infrastructure upgrades by oil majors are anticipated to drive sustained demand for our products in both domestic and international markets.”
