4 days ago
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.
