KUALA LUMPUR (May 12): Pentamaster Corp Bhd’s net profit jumped by 27% in the first quarter ended March 31, 2022 (1QFY22) to RM20.4 million from RM16.07 million a year ago, underpinned by higher revenue contribution from its automated test equipment segment.
Earnings per share grew to 2.86 sen from 2.26 sen, its Bursa Malaysia filing showed.
Quarterly revenue climbed by 26.8% to RM146.02 million from RM115.17 million.
The group did not declare any dividend in the quarter under review.
On a quarterly basis, the quantum of growth was smaller. The group’s net profit increased by 3.81% against RM19.65 million reported in the immediate preceding quarter (4QFY21) while revenue was 19.2% higher compared with RM122.49 million in 4QFY21.
Moving forward, Pentamaster said while the supply chain environment remains disruptive and challenging, it will continue to work closely with both its customers and suppliers for better capacity planning and visibility.
“The current immediate aim for the group is to be able to deliver its order as scheduled barring any significant adverse impact from the supply chain bottlenecks, logistics constraints and geopolitical knots.
“Overall, the group is optimistic about achieving another record year of business growth while placing its continuous focus on developing a broader product portfolio across key markets and segments, while upskilling its workforce,” it said.
Pentamaster’s share price dropped six sen to RM3.02, giving it a market capitalisation of RM2.15 billion. Year to date, the stock has fallen by 46%