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As solar energy also keeps growing fast, there’s going to be a huge need for power cables to link up all the new generation sites to the grid. Buy & hold this stock
For the first six months of FY2025, Master Tec's net profit declined 16.83% to RM11.39 million from RM13.69 million in the previous corresponding period, while revenue increased by a quarter to RM175.06 million from RM139.99 million.
Master Tec recently entered into two strategic memoranda of understanding to drive future growth. These developments, coupled with ongoing efforts in export market growth, product innovation, and sustainability initiatives, position the group well to capture future opportunities and deliver long-term shareholder value
The net profit for the three months ended June 30, 2025 (2QFY2025), stood at RM6.92 million, down from RM8.7 million a year earlier, according to the ACE Market listed company's filing with Bursa Malaysia on Monday.
Revenue rose 43.89% to RM104.82 million from RM72.85 million, supported by higher revenue contributions from all its business segments.
Management remains optimistic, backed by infrastructure growth under the 13th Malaysia Plan and the National Energy Transition Roadmap, and is ready to tap into the growing demand for medium- and high-voltage cable solutions
