PETALING JAYA: Sheet metal products manufacturer and scaffolding supplier BWYS Group Bhd sees encouraging prospects in the sheet metal products industry, supported by the government’s continued commitment to infrastructure development.
“Major projects such as MRT3, the East Coast Rail Link (ECRL), Penang Light Rail Transit (LRT) and the Penang International Airport expansion are expected to drive sustained demand, and the group is well-positioned to support these initiatives,” managing director Kang Beng Hai said in a statement.
In the second quarter ended June 30, BWYS’ net profit jumped 171.3% to RM4mil, or 0.39 sen per share, lifting first-half net profit 59.4% to RM6.6mil, or 0.64 sen per share.
The group said the stronger earnings were driven by higher other operating income, mainly from rental of factory and machinery to optimise underutilised assets and generate additional income.
