PETALING JAYA: Magni-Tech Industries Bhd
is keeping close tabs on the war in Iran while taking proactive steps to minimise disruptions to its supply chain and manufacturing activities.
The group released its results for the fourth quarter (4Q26) and financial year ended April 2026 (FY26) yesterday, which saw quarterly net profit edging lower by 18.9% year-on-year (y-o-y) to RM22.95mil.
Revenue for 4Q26 also decreased by 7.5% to RM301.8mil.
For FY26, turnover also dipped 5.6% y-o-y to RM1.4bil, which led to a 12.4% reduction in net profit to RM121.5mil.
“Segment wise, garment revenue for FY26 decreased by 5.8% to RM1.33bil from RM1.41bil y-o-y, mainly from unfavourable foreign-exchange movements, despite higher sales orders received during the financial year,” said the group.
Packaging revenue was lower by 1.8% to RM76.8mil due to lower sale orders.
