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ADNEX is looking to expand regionally. After setting up its Singapore company in July, it plans to move into Penang, Johor and Sabah, while also looking at opportunities in the Philippines and Indonesia
Adnex Group Berhad's first full quarter as a listed company shows healthy operating margins (~27.5% GP margin), a clean balance sheet with low gearing (0.21x), and strong market demand
Compared with the previous quarter, the company’s second-quarter revenue increased by 7%, while net profit surged 501% from RM580,000 in the first quarter. The strong increase in earnings was mainly due to the absence in the second quarter of the one-off IPO expenses of RM3.06 million incurred in the first quarter