Glostrext sees strong core segment growth in 2Q
KUALA LUMPUR: Glostrext Bhd said the first quarter of its new financial year saw a strong performance from core services and early contribution from new business segments.
The geotechnical instrumentation and testing services provider recorded a net profit of RM2.9mil on revenue of RM14.38mil in 1QFY26, an improvement from net profit of RM2.3mil and revenue of RM8.85mil in the year-ago quarter.
In a statement issued by the company, it said the structural and ground instrumentation and monitoring services segment contributed RM1.72mil or 12% of total revenue while the newly introduced business lines saw encouraging traction.
The provision, distribution and maintenance of UPS systems contributed RM680,000 or 4.8% to the total revenue, and the provision and distribution of alternators accessories contributed RM2.2mil or 15.3%.
In line with the improved performance, the group proposed a first interim dividend of 0.5 sen per share, with ex-date on Aug 14, 2025, and payment on Aug 28, 2025.
'As we continue to automate, innovate, and diversify, we remain focused on driving sustainable growth and delivering long-term value to our shareholders,' said Lee Ming Jean, alternate director to the managing director Lee Sieng Kai.
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