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The substantial increased profit seem to come from land sale to offset battersea losses, it may not be a consistent growth since land sales is one time profit. It's kinda concerning that the Battersea losses will continue... It could seem result fabricated attempting to mask out the losses. Do hope someone could add more insight.
Econframe is optimistic about its growth trajectory. The government’s focus on infrastructure in the Malaysia Budget 2025 is expected to boost demand for materials like aluminium and glass, aligning well with Econframe’s capabilities. The Group’s vertical integration and expansion into glass processing are anticipated to drive efficiency gains and profitability. Moreover, Econframe continues to seek potential acquisitions to leverage market opportunities and drive revenue growth.
Conclusion
$EFRAME (0227.MY)$ FY2024 Q4 results demonstrate a solid increase in revenue, supported by strategic acquisitions and operational expansion. Although amortisation impacted profit margins, the overall growth trend remains positive. With ongoing initiatives and a focus on market opportunities, Econframe is well-positioned for sustainable growth and enhanced shareholder value, such as the generous dividend given out in this quarter.