KUALA LUMPUR: BWYS Group Bhd expects its new Penang facility and upcoming colour coating and plastic panel operations to support growth for the rest of the financial year ending Dec 31, 2026 (FY26), backed by continued construction and infrastructure activity.
“With our new Penang facility, colour coating line and plastic panel joint venture progressing towards commercial operations later this year, alongside continued momentum in Malaysia’s construction and infrastructure sector, we remain cautiously optimistic about our prospects for the rest of FY26,” managing director Kang Beng Hai said in a statement.
BWYS has committed RM106.8mil in capital expenditure for its expansion, including the new production facility and a RM94.5mil Kuala Langat land acquisition completed on Aug 27.
Its financial position strengthened, with cash and bank balances rising 34.6% to RM83.8mil while borrowings fell 13.2% to RM133.5mil.
For the second quarter ended June 30, BWYS’ net profit fell 27.2% to RM2.89mil from RM3.96mil a year earlier, as softer contribution from its scaffolding supply segment weighed on earnings.
Revenue, however, rose 14.2% to RM79.4mil from RM69.5mil, driven by a 28.5% increase in its sheet metal manufacturing segment and a 40.4% rise in steel and related products trading.
For the first half, net profit rose to RM27.53mil from RM6.59mil, while revenue increased 12.4% to RM142.5mil against RM126.8mil a year ago.
The stronger first-half earnings were boosted by a one-off RM38.4mil gain from the disposal of an industrial property in Kuala Langat in February.
