Genetec Technology Bhd

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Genetec's Quarterly Performance Jumps by 126%

Aug 29, 2022 19:00  JST

Continues strong momentum driven by the electric vehicle, energy storage and hard disk drive industries
Key Financial Performance Highlights for Q1FY2023:
- Strong QoQ performance, with revenue recording a 81.6% growth driven by increased orders in the e-mobility, EV & energy storage and hard disk drive segments
- PAT at RM18.6 million, up by 126.8%, boosted by higher operating income, disciplined cost management and continued operational efficiency in an inflationary environment
- PBT surge to RM19.4 million, higher by 31.1% compared to preceding quarter