Glostrext posts record performance for FY25
The geotechnical instrumentation and testing service provider remains committed to executing its long-term strategies through a balanced and proactive growth approach, while closely monitoring market dynamics.
'We remain committed to operational excellence, maintaining our focus on delivering value to our shareholders, customers, and employees.
'We remain optimistic about our future financial performance, anticipating continued demand growth for our services,' Glostrext said.
In the fourth quarter ended March 31, Glostrext posted a net profit of RM1.4mil, lifting its full-year net profit to RM6.9mil.
Quarterly revenue surged 61.3% to RM9.7mil, bringing the full-year total to a record high of RM34.9mil.
As of March 31, Glostrext maintained healthy financials with cash and bank balances of RM13.68mil and positive operating cash flow of RM4.71mil. Its net assets per share of the company stood at 0.15 sen.
Managing director Ir. Dr. Lee Sieng Kai attributed the stellar results to the company's ongoing investment in innovation and operational excellence.
'Our commitment to enhancing technologies has significantly improved both our operational efficiency and financial performance,' he said.
'Notably, our proprietary WiNA-platform-based Automated Maintained Load Test System (WiNA-aMLT) has strengthened our competitive edge in the market.'
'Our core segments—pile instrumentation and static load test services, along with structural and ground instrumentation and monitoring services – continue to perform strongly in both Malaysia and Singapore, delivering substantial revenue and profit growth,' he added.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
a day ago
- The Star
iCents eyes growth on rising demand
PETALING JAYA: ACE Market-bound iCents Group Holdings Bhd expects its expansion plans to contribute positively to its financial performance in the coming years, provided there are no unforeseen disruptions. The cleanroom and facility services provider is confident that the proceeds from its initial public offering will enable it to carry out its business strategies and plans as outlined in its prospectus. In the third quarter ended March 31, iCents posted a net profit of RM1.8mil, or an earnings per share of 0.37 sen, bringing its nine-month net profit to RM6.9mil, or 1.38 sen. Quarterly revenue came in at RM18.8mil, bringing nine-month revenue to RM62.8mil. iCents is slated to list on the ACE Market of Bursa Malaysia on July 17.
The Star
4 days ago
- The Star
iCents eyes growth on rising cleanroom demand
KUALA LUMPUR: ACE Market-bound iCents Group Holdings Bhd expects its expansion plans to contribute positively to its financial performance in the coming years, provided there are no unforeseen disruptions. The cleanroom and facility services provider is confident that the proceeds from its IPO will enable it to carry out its business strategies and plans as outlined in its prospectus. In the third quarter ended March 31, iCents posted a net profit of RM1.8mil, or earnings per share of 0.37 sen, bringing its nine-month net profit to RM6.9mil, or 1.38 sen. Quarterly revenue came in at RM18.8mil, bringing nine-month revenue to RM62.8mil. On prospects, iCents said growth in Malaysia's electrical and electronics and pharmaceutical industries is expected to drive demand for cleanroom facilities, creating opportunities for industry players. iCents is slated for listing on the ACE Market of Bursa Malaysia on July 17.
The Star
02-06-2025
- The Star
Perak to grow onions in more districts
Domestic crop: Perak cultivates Malaysia's first commercially produced onion. GOPENG: The silver state, which has begun branding its commercial onion cultivation as 'Perak onions', will expand farming to three more districts with a further RM1.4mil allocation from the Federal Government. Mentri Besar Datuk Seri Saarani Mohamad said the pilot project started in the Batang Padang district last year. This would be expanded to the Kuala Kangsar, Muallim and Perak Tengah districts. Perak has the distinction of pioneering Malaysia's first commercially produced onion. Saarani said 'Perak onions' are found to be tasty and sweet. 'This makes them attractive to buyers,' he told reporters at the closing of the Federal Agricultural Marketing Authority (Fama) Fest 2025 at the Rural Transformation Centre here yesterday. Also present was Deputy Agriculture and Food Security Minister Datuk Arthur Joseph Kurup. Saarani said the state would identify the areas that meet the criteria for growing onions. 'The crop requires fertile soil so that it can produce good yields,' he added. Saarani said it was important to ensure the districts have suitable land because onions require the right type of soil to grow quality produce. 'Even though they can be planted anywhere, we need to find the most suitable land because that is what will yield good onions,' he added. Arthur, in his speech, said one of the most commendable achievements is the successful production of Perak onions. He said this success is the result of a collaborative effort between the Agriculture Department and the Malaysian Agricultural Research and Development Institute. 'Thus, the ministry has allocated an additional RM1.4mil to Perak to expand the cultivation area for onions this year,' he said. It was reported in April last year that Perak was the first state in Malaysia to harvest around 2.3 tonnes of the BW1 onions at a site in Kampung Ladang Bikam. Perak is reported to be one of six states that will be the main producer of BW1 onions for domestic consumption. On the Fama Fest, Saarani said he was pleased there had been an increase in participants with more products, more young agropreneurs and higher sales. 'As I mention often, my slogan for Perak is 'plant what we want to eat, eat what we plant, the surplus can be sold or donated.'' 'The goal is to encourage more people in Perak to take up farming, so that we don't have to depend on imports. 'Sometimes we have to wait for chilies from abroad. When our currency drops, prices go up. And sometimes we wait for vegetables or meat from overseas. 'This makes us Malaysians dependent on agricultural products from other countries and that is not good,' he said. Saarani also spoke about the impact of global happenings such as the Covid-19 pandemic, the Ukraine-Russia war and how prices of onions soared in India when it went through severe weather conditions. As such, he said it is important for Malaysians, especially for the people of Perak, to get involved in farming.
