Master Tec’s solid performance in Q2 FY2024 was primarily driven by the continued demand for its low-voltage power cables, which accounted for RM69.0 million, or 94.73%, of the total revenue.
For the six-month period ended 30 June 2024 (“6M FY2024”), Master Tec recorded a cumulative revenue of approximately RM140.0 million, further cementing its status as a leading player in the industry. The Group’s gross profit for the period reached RM18.2 million, with a robust gross profit margin of 13.03%, and a PBT of RM13.9 million
Approximately RM46.15 million came from copper-core low-voltage cables, while RM22.86 million was generated from aluminum-core cables. Strong copper prices benefit MTEC 😉
The company will focus on expanding its product portfolio and market reach, particularly in the manufacturing of medium-voltage power cables and export sales, has positioned it for sustained growth ahead
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Abram66
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Posted by Abram66 > 1 week ago | Report Abuse
Didn't retrace much and this counter is still moving steadily