Pentamaster 1Q net profit drop 32.6% to RM13mil
The automation manufacturing and technology solutions provider noted that some of its customers have adopted a cautious, wait-and-see approach to investment and procurement decisions, amid ongoing macroeconomic uncertainty and heightened geopolitical tensions.
'This sentiment has led to some degree of deferment in order placements or replenishments, particularly in sectors that are sensitive to capital expenditure cycles. This challenging global trade environment was further exacerbated by the recent tariff measures announced by the US, which have intensified global trade tensions,' Pentamaster said in a filing with Bursa Malaysia.
In the first quarter ended March 31, the group's net profit fell 32.6% to RM13.1mil, or earnings per share of 1.84 sen compared with RM19.4mil, or 2.72 sen in the year-ago quarter.
Its revenue fell 22.9% to RM131.6mil against RM170.8mil last year.
Pentamaster said the growing demand for high-performance semiconductors, AI-enabling hardware and software as well as electrification in automotive applications, continues to drive adoption of the group's automated test equipment (ATE) and factory automation solutions (FAS) offerings.
The group has also adopted flexible supply chain strategies to navigate the ongoing global trade split. This approach has opened up new opportunities, especially with multinational manufacturers looking to relocate, expand, or diversify.
'This shift is expected to drive continued demand for the group's automation solutions across key industries,' Pentamaster said.
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