KUALA LUMPUR: ACE Market-bound iCents Group Holdings Bhd
expects its expansion plans to contribute positively to its financial performance in the coming years, provided there are no unforeseen disruptions.
The cleanroom and facility services provider is confident that the proceeds from its IPO will enable it to carry out its business strategies and plans as outlined in its prospectus.
In the third quarter ended March 31, iCents posted a net profit of RM1.8mil, or earnings per share of 0.37 sen, bringing its nine-month net profit to RM6.9mil, or 1.38 sen.
Quarterly revenue came in at RM18.8mil, bringing nine-month revenue to RM62.8mil.
On prospects, iCents said growth in Malaysia’s electrical and electronics and pharmaceutical industries is expected to drive demand for cleanroom facilities, creating opportunities for industry players.
iCents is slated for listing on the ACE Market of Bursa Malaysia on July 17.
