Latest news with #RM56.88mil
The Star
5 days ago
- Automotive
- The Star
Betamek 1Q revenue rises on diversification
KUALA LUMPUR: Betamek Bhd has recorded a net profit of RM5.39mil in its first quarter ended June 30, 2025, up from RM4.88mil in the year-ago quarter, which translates into an earnings per share of 1.2 sen compared with 1.08 sen previously. The original design manufacturer reported revenue of RM56.88mil, higher than RM49.97mil in the previous comparative quarter. It said the growth was due to higher sales of vehicle accessories and the initial contributions from industrial instruments and consumer electronics, reflecting early success from its diversification strategy. During the quarter, the group's vehicle audio and visual product segment continued to be the primary revenue contributor, accounting for RM38.9mil, or 68.4% of total revenue. The vehicle accessories segment contributed RM11.3mil, while the non-automotive products segment accounted for RM6.6mil. The Malaysian market remained the group's key contributor – accounting for 97.2% of total revenue while the balance was derived from Hong Kong and Japan. Betamek has declared a first interim dividend of one sen per share with ex-date on Aug 6, 2025, and payment on Aug 20, 2025. 'We're pleased to begin the financial year on solid footing, driven by ongoing progress in our diversification strategy and operational improvements, particularly at Sanshin Malaysia. 'This performance reflects our ability to adapt and grow sustainably even as the market normalises following a record year,' said Betamek executive director Muhammad Fauzi Abd Ghani in a statement. He said the group remained focused on customer diversification as part of its long-term strategy to reduce reliance on a single customer and capture new growth opportunities in the automotive sector. 'While the Malaysian automotive market is expected to stabilise following an all-time high total industry volume of 816,747 units in 2024, Betamek remains confident in the robust demand from affordable vehicle segments,' he added.
The Star
6 days ago
- Automotive
- The Star
Betamek's 1Q revenue rises on diversification strategy
Betamek executive director Muhammad Fauzi Abd Ghani KUALA LUMPUR: Betamek Bhd recorded a net profit of RM5.39mil in its first financial quarter ended June 30, 2025, up from RM4.88mil in the year-ago quarter, which translates into an earnings per share of 1.2 sen as compared to 1.08 sen previously. The original design manufacturer (ODM) reported revenue of RM56.88mil, higher than RM49.97mil in the previous comparative quarter. It said the growth was owing to higher sales of vehicle accessories and the initial contributions from industrial instruments and consumer electronics, reflecting early success from Betamek's diversification strategy. During the quarter, the group's vehicle audio and visual products segment continued to be the primary revenue contributor, accounting for RM38.9 million, or 68.4% of total revenue. The vehicle accessories segment contributed RM11.3mil, while the non-automotive products segment accounted for RM6.6mil. The Malaysian market remained the group's key contributor - accounting for 97.2% of total revenue while the balance was derived from Hong Kong and Japan. Betamek has declared a first interim dividend of one sen per share with ex-date on Aug 6, 2025, and payment on Aug 20, 2025. "We're pleased to begin the financial year on solid footing, driven by ongoing progress in our diversification strategy and operational improvements, particularly at Sanshin Malaysia. "This performance reflects our ability to adapt and grow sustainably even as the market normalises following a record year," said Betamek executive director Muhammad Fauzi Abd Ghani in a statement. He said the group remains focused on customer diversification as part of its long-term strategy to reduce reliance on a single customer and capture new growth opportunities in the automotive sector. "While the Malaysian automotive market is expected to stabilise following an all-time high total industry volume of 816,747 units in 2024, Betamek remains confident in the robust demand from affordable vehicle segments, led by its anchor customer Perodua, which retains a dominant market share and a strong order backlog of 90,000 units," he added.
