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ADNEX financial health is anchored by its core interior fit-out works, which contributed 69.81% of the total year-to-date revenue.
This segment is complemented by turnkey fit-out services, which saw a nearly equal revenue split with interior works during the final quarter of the year. By achieving a profit before tax of RM12.69 million for the full year, Adnex has shown it can maintain healthy margins despite the seasonal lower demand typical of the first quarter.
CEB's iConn getting a manufacturing boost from Guardian SEA, that's damn good for their expansion without burning too much cash. This deal should help them scale up production smoothly, which is a positive sign for their growth
