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In Q3FY2025, NCT saw a significant decline in both revenue and profit compared to Q3FY2024. Revenue dropped by about 44%, from RM91.03 million to RM50.63 million. Profit before tax fell by 51% under the merger method and by 6% under the acquisition method. The decline was primarily due to the completion of the Grand Ion Majestic project in 2024, which had been a major revenue contributor.
The early release of positive numbers from a number of counters across a diverse range of sectors, including Nestle (M) Bhd, Ecofirst Consolidated Bhd and Ramssol Group Bhd, appears to indicate that the 3Q25 corporate results would continue lending support to the local market despite the prevalent cautious investor sentiment.
