PETALING JAYA: Favelle Favco Bhd
remains optimistic that orders will increase going forward, as it expects the oil and gas industry to remain stable, supporting steady investment levels.
The group pointed to rising construction activity in the Middle East, shipyards modernisation and expansion, and the replacement of ageing equipment as reasons it expects its order book to stay healthy.
Releasing its results for the fourth quarter (4Q25) and fiscal year ended Dec 31 (FY25) yesterday, the group's net profit for the quarter plunged 44.6% year-on-year (y-o-y) to RM23.8mil, in line with its revenue which fell 31.6% to RM226.8mil.
For FY25, the bottom line decrease was less significant at 7.4% y-o-y to RM49.9mil, as turnover declined 12.7% to RM786.4mil.
In a filing, Favelle Favco stated the lower earnings for 4Q25 and FY25 were due to a decrease in sales.
The group declared a dividend of nine sen per share for 4Q25, which is also the only dividend for FY25.
