Latest news with #MasterTECGroupBhd
The Star
2 days ago
- Business
- The Star
Master Tec posts record RM104.8mil quarterly revenue in 2Q
KUALA LUMPUR: Master TEC Group Bhd is actively enhancing its production capacity and energy efficiency through new machinery acquisitions and the installation of rooftop solar photovoltaic systems, supporting its commitment to sustainability and green energy transition The cable manufacturer said it recently entered into two strategic memoranda of understanding to drive future growth. 'These developments, coupled with ongoing efforts in export market growth, product innovation, and sustainability initiatives, position the group well to capture future opportunities and deliver long-term shareholder value,' Master Tec said. In the second quarter ended June 30 (2Q25), Master Tec posted a net profit of RM6.9mil, down 20.5%, or earnings per share of 0.68 sen, bringing its first-half net profit to RM11.4mil, or 1.12 sen. It recorded a record quarterly revenue of RM104.82mil in 2Q25, a 43.9% increase from RM72.85mil in the same quarter last year, lifting its first-half revenue to RM175.06mil. The group declared a first interim single-tier dividend of 0.69 sen per share for FY25, amounting to approximately RM7.04mil, rewarding shareholders for their continued support. 'We are pleased to report our highest-ever quarterly revenue in 2Q25, which reflects the growing strength of our manufacturing and trading operations, as well as the positive contributions from our infrastructure services business via Sediacom. 'This solid performance affirms the success of our strategic focus on diversified revenue streams and capacity expansion. As we continue to scale, our focus remains on operational efficiency, product quality, and strengthening our market reach,' chief executive officer Tee Kok Hwa said in a statement. Looking ahead, Master Tec remains optimistic about its prospects, supported by growing infrastructure investments under the 13th Malaysia Plan and the National Energy Transition Roadmap.
The Star
30-05-2025
- Business
- The Star
Master Tec proposes transfer to Main Market of Bursa Malaysia
KUALA LUMPUR: Master TEC Group Bhd has proposed to transfer its listing from the ACE Market to the Main Market of Bursa Malaysia Securities Bhd. The cable manufacturer also proposed relevant amendments to the company's constitution to support the transfer, reflecting its commitment to meeting the higher regulatory requirements of the Main Market. 'This proposed Main Market transfer is a testament to the strength and resilience of our business. Since our listing, we have achieved several operational milestones, expanded our manufacturing capacity, and diversified our revenue streams through the integration of infrastructure-related services. 'The move to the Main Market marks the next chapter of our corporate journey, aligning with our long-term strategy to enhance visibility, broaden our investor base, and access more robust capital markets,' executive director Tee Kok Hwa said in a statement. The proposed transfer comes less than two years after Master Tec made its debut on the ACE Market in January 2024. Based on the audited financial results for the financial year ended Dec 31, 2024 (FY24), Master Tec recorded a consolidated profit after tax attributable to owners of the company (Patami) of RM27.01mil. Over the last three financial years, from FY22 to FY24, the group achieved a cumulative adjusted Patami of RM73.3mil, exceeding the RM20mil minimum threshold required under the profit test of the Securities Commission's Equity Guidelines.' Master Tec noted its strong financial health, reporting a current ratio of 1.81 times, a gearing ratio of 0.35 times, and retained earnings of RM93.8mil as of Dec 31, 2024. The group also noted positive net operating cash flows of RM29.88mil in FY24, underscoring its solid liquidity and financial stability. Master Tec's share price closed at RM1.06 on Friday, giving it a market capitalisation of RM1.08bil.
