6 days ago
Glostrext posts record performance for FY25
KUALA LUMPUR: Glostrext Bhd said that while it remains mindful of potential economic challenges, its strategic initiatives, innovative solutions, and diversified portfolio have positioned the group for sustained long-term growth.
The geotechnical instrumentation and testing service provider remains committed to executing its long-term strategies through a balanced and proactive growth approach, while closely monitoring market dynamics.
'We remain committed to operational excellence, maintaining our focus on delivering value to our shareholders, customers, and employees.
'We remain optimistic about our future financial performance, anticipating continued demand growth for our services,' Glostrext said.
In the fourth quarter ended March 31, Glostrext posted a net profit of RM1.4mil, lifting its full-year net profit to RM6.9mil.
Quarterly revenue surged 61.3% to RM9.7mil, bringing the full-year total to a record high of RM34.9mil.
As of March 31, Glostrext maintained healthy financials with cash and bank balances of RM13.68mil and positive operating cash flow of RM4.71mil. Its net assets per share of the company stood at 0.15 sen.
Managing director Ir. Dr. Lee Sieng Kai attributed the stellar results to the company's ongoing investment in innovation and operational excellence.
'Our commitment to enhancing technologies has significantly improved both our operational efficiency and financial performance,' he said.
'Notably, our proprietary WiNA-platform-based Automated Maintained Load Test System (WiNA-aMLT) has strengthened our competitive edge in the market.'
'Our core segments—pile instrumentation and static load test services, along with structural and ground instrumentation and monitoring services – continue to perform strongly in both Malaysia and Singapore, delivering substantial revenue and profit growth,' he added.
