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Master Tec buys RM10.2 million 43-acre land in Melaka for future expansion, the acquisition will be funded through internally generated funds and bank borrowings.
Master Tec 4Q net profit up 79% on higher revenue, tax incentives.
For the financial year ended Dec 31, 2024 (FY2024), Master Tec’s net profit grew 14.9% to RM27.01 million from RM23.51 million in FY2023, as revenue increased 13.5% to RM324.04 million versus RM285.44 million a year earlier, a 79.4% surge in net profit
KUALA LUMPUR (Feb 21): Master Tec Group Bhd (KL:MTEC) is acquiring a 42.59-acre freehold land in Jasin, Melaka, which the power cables manufacturer says presents an opportunity for the group's future expansion due to the property's prime location.
Malaysia’s ex-factory sales of wires and cables are projected to increase from RM9.61 billion in 2022 to RM11.21 billion by 2025, representing a compound annual growth rate of 5.25%.
Master Tec are in a well-positioned to leverage the Budget 2025 which has allocated RM16 billion for upgrading the national grid and RM300 million for the National Energy Transition Facility to drive energy efficiency and sustainability,
