KUALA LUMPUR: Betamek Bhd
remains optimistic about its prospects, supported by continued automotive demand, increasing electronics content in vehicles and opportunities arising from the government's push for greater local content.
“While remaining mindful of foreign exchange volatility, raw material costs and product mix, the group will maintain its focus on cost discipline, operational efficiency and diversification to support sustainable long-term growth,” the automotive electronics manufacturer said in a statement.
Betamek said it would also continue expanding its customer base and product offerings in the non-automotive electrical and electronics segment to reduce reliance on any single customer or market segment.
For the second quarter ended Sept 30, 2026 (2QFY27), Betamek's net profit fell 32.1% to RM7.07mil, or earnings per share of 1.65 sen from RM10.4mil, or 2.31 sen a year earlier, mainly due to lower gross profit margins and higher operating expenses, including net foreign exchange losses.
Revenue, however, rose 12.4% to RM81.5mil from RM72.5mil, driven mainly by higher export sales.
Compared with the preceding quarter, its gross profit margin declined to 16.7% from 20.44%, reflecting a change in product mix and higher material costs arising from the strengthening of the US dollar and Chinese renminbi against the ringgit.
For the six months ended Sept 30, 2026, Betamek's net profit slipped to RM15.3mil from RM15.8mil, while revenue increased 24.7% to RM161.3mil from RM129.3mil.
The higher revenue was mainly attributable to increases of RM22.46mil in export sales and RM9.49mil in domestic sales.
Vehicle audio and video products remained the group's largest revenue contributor at RM94.94mil, followed by vehicle accessories at RM51.37mil.
Betamek declared a second interim dividend of 1.25 sen per share, payable on Dec 7, 2026, bringing its total dividends declared for FY27 to 2.5 sen per share.
Executive director Muhammad Fauzi Abd Ghani said the group's first-half performance reflected the strength of its business and the continued relevance of its capabilities amid changes in the automotive industry.
“We are focused on building a more competitive and resilient group by enhancing our technological capabilities, maintaining high manufacturing standards and positioning Betamek to capture opportunities arising from increasingly sophisticated vehicle technologies.
