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COLFORM recorded a revenue of RM23.75 million for the Q4 2024 mainly derived from the manufacturing of downstream steel products and processing of steel coils segments, which contributed to RM14.60 million, representing 61.47% of the total revenue.
Registered profit before tax (“PBT”) and profit after tax (“PAT”) of RM5.88 million and RM4.36 million, with a PBT margin of 24.76% and PAT margin of 18.36%
Master Tec buys RM10.2 million 43-acre land in Melaka for future expansion, the acquisition will be funded through internally generated funds and bank borrowings.
Result out, SYSTECH recorded revenue of RM23.998 million for Q3 FY2025 & a significant recovery in PBT to RM1.165 million, compared to a Loss Before Tax (LBT) of RM0.943 million in Q3 FY2024.
Australia-based property developer Exal Group, through its subsidiary Exal Malaysia Sdn Bhd, has signed a MOU with Solarvest Holdings Bhd to install a rooftop solar photovoltaic system and electric vehicle charging infrastructure at its SÓL Estate development and future property development projects, and GreenRE Sdn Bhd.
Master Tec 4Q net profit up 79% on higher revenue, tax incentives.
For the financial year ended Dec 31, 2024 (FY2024), Master Tec’s net profit grew 14.9% to RM27.01 million from RM23.51 million in FY2023, as revenue increased 13.5% to RM324.04 million versus RM285.44 million a year earlier, a 79.4% surge in net profit
