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Steel Hawk Berhad reported a revenue of RM20.43 million for the current quarter, up RM8.64 million from RM11.78 million in the previous quarter, mainly due to new work orders from a collaboration with Ibrahim & Sons Engineering Sdn. Bhd. However, profit before tax only increased by 6.76%, from RM1.61 million to RM1.72 million, due to higher administrative expenses. The increase in administrative expenses was primarily due to a one-off bad debt write-off of RM8.94 million related to a customer in winding-up proceedings, which impacted the revenue. Excluding this non-recurring item, the Group’s operating costs remained stable compared to the previous quarter.