KUALA LUMPUR (Aug 16): Pentamaster Corp Bhd’s net profit for the second quarter grew 40.11% to RM19.54 million from RM13.95 million a year earlier, on improved operating efficiency.
Earnings per share for the quarter ended June 30, 2019 dropped to 4.11 sen from 2.94 sen, according to the group’s filing with Bursa Malaysia.
Quarterly revenue was up 18.03% to RM120.74 million from RM102.3 million a year ago, on the back of higher sales from both the automated test equipment (ATE) and factory automation solutions (FAS) operating segments.
For the cumulative six months ended June 30, 2019, Pentamaster saw its net profit rise 84.7% to RM39.11 million from RM21.17 million in the same period last year.
Half-year revenue increased 18.75% to RM239.5 million from RM201.68 million previously.
The group said it is optimistic for the second half of 2019 due to rising demand for its ATE given the wider adoption of smart sensors as well as the increasing need for its FAS with the prevalence of Industry 4.0, despite a challenging year in the overall technology sector in 2019.
Against this backdrop, the group anticipates positive growth momentum given its deeper involvement with its customers in both its ATE and FAS segments, its broadening exposure in the optical and optoelectronics segments, and its active diversification into other sectors, particularly the automotive and medical sectors.
Shares of Pentamaster closed seven sen or 1.96% higher at RM3.65 today, valuing the group at RM1.73 billion.