PETALING JAYA: Favelle Favco Bhd
continues to see encouraging signs of recovery in selected regions and market segments despite the current challenging market.
The group’s optimism is buoyed by its outstanding order book of approximately RM607mil, from the global oil and gas, shipyard, construction, wind turbine industries and intelligent automation.
Its results for first quarter ended March (1Q26) saw net profit halved year-on-year to RM6.2mil, as revenue also dropped 12.6% to RM153.2mil. In a bourse filing, Favelle Favco attributed the lower earnings and profitability to a “decrease in sales”.
Lower sales were also the reason for its lower quarterly turnover and bottom line, which fell from RM226.8mil and RM23.8mil respectively, in 4Q25.
The group said potential opportunities are emerging from the port and shipyard industry despite ongoing geopolitical tensions and economic uncertainties.
