29-05-2025
Nationgate 1Q net profit more than doubles to RM53.88mil
KUALA LUMPUR: Nationgate Holdings Bhd posted a net profit of RM53.88 million for the first quarter ended March 31, 2025 (1Q 2025), more than doubled the RM21.01 million recorded in the same period last year.
Revenue surged to RM2.84 billion from RM207.01 million previously, boosted by strong demand in data computing segment, it said in a filing with Bursa Malaysia.
On prospects, the company said despite the challenges from geopolitical tensions and trade disputes, it remains optimistic and confident with the opportunities that lie ahead, particularly in the electronics manufacturing services industry, which are expected to experience notable developments and transformation.
This will be driven by several factors, including the shifting of more manufacturing operations out of China, technological advancements, digital transformation, and increased enquiries from data centre providers.
NationGate has declared an interim dividend of 0.25 sen per share for the financial year ending Dec 31, 2025. - Bernama
