PETALING JAYA: Magni-Tech Industries Bhd
remains cautious about the business outlook for the remaining quarter of the current financial year ending April 30, 2026 (FY26).
“The ongoing Iran war and tensions in the Middle East could hurt the global economy by disrupting energy supplies, raising oil prices, worsening inflation, increasing trade costs, and reducing global growth,” it said in the notes accompanying its financial results.
In the third quarter ended Jan 31, Magni-Tech’s net profit fell 23.1% to RM30.7mil, or an earnings per share of 7.09 sen, from RM40mil, or 9.22 sen, a year earlier. Revenue rose 1.5% to RM376.3mil from RM370.7mil before.
For the nine months to Jan 31, Magni-Tech posted a net profit of RM98.6mil, down 10.8% from RM110.5mil, while revenue slipped to RM1.1bil from RM1.16bil previously. It declared an interim dividend of 2.5 sen per share, payable on April 9, with an entitlement date of March 27, 2026.
