KUALA LUMPUR: Ge-Shen Corp Bhd
, which posted a 69.5% jump in net profit for the third quarter ended Sept 30, remains positive on its outlook despite global and operational challenges.
“Despite potential headwinds such as material cost pressures, exchange rate fluctuations and global demand uncertainties, the group’s strong fundamentals, diversified customer base and ongoing strategic initiatives provide a solid foundation for continued growth and long-term value creation for shareholders,” the precision engineering and manufacturing solutions provider said in the notes accompanying its financial results.
Strategically, Ge-Shen will continue to enhance its value chain through vertical integration, offering end-to-end product realisation from design and moulding to assembly and packaging.
The group also plans to expand its high-tech manufacturing capabilities, particularly in medical and precision connector components.
In addition, it aims to capture regional growth opportunities and serve export customers more effectively through its expanded plant in Vietnam, while strengthening operational excellence through automation, data-driven manufacturing and lean operational systems.
In the third quarter ended Sept 30, Ge-Shen’s net profit surged 69.5% to RM5.32mil, or 3.90 sen per share, bringing its nine-month earnings to RM17.7mil, up 65.5%, or 13.07 sen per share.
Quarterly revenue climbed 61.3% to RM109.5mil, lifting nine-month revenue 19.8% higher to RM259.8mil.
Ge-Shen said the strong growth was driven by higher production output in data connectors, medical assembly and industrial components.
The ramp-up of new connector and data centre projects, along with improved plant utilisation, delivery performance and manufacturing efficiency, also contributed to the positive results.
Chief executive officer and executive director Dr Adrian Foong Hong Nian said the quarter’s results reflected the strength of Ge-Shen’s ongoing transformation journey, which focuses on operational excellence, prudent cost management and customer-centric execution.
“Our focus remains on expanding high-value customer segments, particularly in EMS, medical devices, industrial components, and high-precision applications across Malaysia and Vietnam,” he said in a statement.
